Time Finance achieves 273% increase in profits as annual results are released

Following a year of ambitious growth for the alternative SME lender, aim-listed Time Finance has revealed all-time high annual trading results, with its gross lending book reaching a record £169m and profits up 273%.

Specialising in the provision of business funding solutions: Asset Finance, Invoice Finance, Business Loans, Vehicle Finance and Asset Based Lending, Time Finance supports some 10,000 UK businesses.

Illustrating the success and progression of the firm’s ongoing strategy, Time Finance has announced total revenue has risen by 16% to £27.4m. The firm also reports a significant increase in profit before tax, which has soared 273% to £4.1m. With an increased focus on new business, own-book lending origination rose by 14% to £73.4m.

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