2023 has been marked by resilience and adaptation amongst the SME community. Faced with a fluctuating economy, SMEs were agile, balancing cashflow with investment, and responding to the changing needs of the market. As many contended with the pay-back of Covid recovery schemes, the year began with inflation levels reaching an all-time high, soaring energy bills, a cost of living crisis and seven Bank of England base rate rises.
Businesses that wanted to move forward, needed to do so while still staying on top of the day-to-day finances. That’s no mean feat. But incredibly, despite the outlook and turbulence of the year, confidence began to bubble away in the SME community.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.