Time Finance increased profit and turnover with record lending book growth

Specialist finance provider Time Finance has posted interim results featuring increased profit and turnover. The AIM-listed firm said its lending book is at record levels after ten consecutive quarters of growth.

In the six months to 30 November, revenue at the business was up 19 per cent to £15.7m while profit before tax climbed 35 per cent to £2.7m.

Own-Book lending origination was up 29 per cent to £47.3m while gross lending-book increased 24 per cent to a record £188.6m.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Time Finance plc

More articles like this

Time Finance plc

Dan Murphy joins Time Finance as Business Development Manager

Time Finance has welcomed Dan Murphy as business development manager in its invoice finance team. Murphy (pictured) joins with over five years’ experience in the financial services industry having held positions at Barclays, Praetura invoice finance

Time Finance plc

Time Finance welcomes Dan Murphy as BDM

Time Finance has appointed Dan Murphy as business development manager (BDM) in its invoice finance team. Murphy joins with over five years’ experience in the financial services industry, having held positions at Barclays, Praetura Invoice Finance and

Time Finance plc

The true cost of stress in small businesses

Late nights in the office or working overtime at the weekend isn’t unfamiliar territory for many business owners. In the early years of trading many SME entrepreneurs find their work-life balance a little skewed as they

Time Finance plc

Cash flow forecasting best practices for 2024:

No matter what sector you work in, cash flow shortages can cause plenty of stress.  Whether that’s issues paying suppliers, looming overheads, or trying to retain savings, cash flow management can help. The outlook for the current