Time Finance anticipates stronger financial year ahead

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.

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

More articles like this

Time Finance plc

Time Finance appoints Matt Heap as new Head of Credit

Time Finance has welcomed Matt Heap as the new Head of Credit within its Asset Finance division, bringing over two decades of experience in financial services. Matt’s background includes senior positions such as Business Manager at

Time Finance plc

UK budget changes target economic growth and business stability

This year’s Budget announcement has introduced several new measures that the Government hopes will rebuild public finances, create economic growth, and strengthen business foundations across the UK. Among the most notable shifts is a £40 billion

Time Finance plc

Business finance for entrepreneurial success

Business finance is a crucial aspect of running a successful company, yet many business owners wonder what it exactly entails. At its core, business finance involves managing a company’s financial resources to ensure ongoing growth and

Time Finance plc

The importance of Business Strategy

A business strategy typically serves as an outline detailing how a company plans to position itself, grow over time, and achieve its short-term and long-term objectives. It doesn’t always have to be a formal document, but

Time Finance plc

How to raise capital for business growth and success

Understanding how to raise capital can significantly impact a business’s success. Without the necessary funds, a company cannot grow or even begin its path towards success. Yet, many businesses struggle to identify the most suitable methods