Time Finance, a specialist finance provider listed on AIM, has announced its expectations for a stronger-than-anticipated performance for the full year. Over the first five months of the 2024/25 financial year, the company has reported consistent positive trading momentum, which it attributes to robust operational achievements.
The company has highlighted record-breaking revenues, a steadily growing lending book, and well-managed arrears as key factors driving this positive outlook. This performance has led the board to express increased confidence in exceeding current market expectations for the financial year. Revenue is projected to reach at least £35.1 million, with pre-tax profits expected to be no less than £7.2 million.
A scheduled trading update for the first half of FY25 will be released on 19 December 2024, providing further insights into the company’s progress. Time Finance operates from its head office in Bath, with additional offices located in Reading, Manchester, and Warrington.
In summary, the organisation’s trajectory underscores its ability to adapt and thrive, suggesting a promising future in line with its strategic goals.
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.