Time Finance Plc (LON:TIME) CEO Ed Rimmer presents this Q3 Trading update, incorporating results for the nine months ended 29 February 2024.
In this investor presentation by Ed Rimmer, CEO of Time Finance PLC, he provides an overview of the company’s performance and strategic direction up to the third quarter of the fiscal year ending February 2024. The presentation highlights Time Finance’s role as an alternative finance provider, supporting around 10,000 SMEs primarily through invoice finance and asset finance products. It discusses the company’s strategic focus on lending from its own book rather than brokering, with significant growth in its lending portfolio, from £116 million at the start of the strategy to £190 million by February 2024. The presentation also outlines the company’s operational adjustments, including rationalising office locations and exiting non-core businesses. Additionally, Ed reviews financial metrics such as unearned income and net arrears, demonstrating improved credit quality and financial health. Ed also provides an outlook for the company highlighting opportunities for growth amidst the evolving market conditions for alternative finance.
