Time Finance, a specialist business lender based in Bath, is experiencing significant growth, with expectations to surpass financial targets for the current year. The company now anticipates achieving annual revenues of at least £35.1 million and pre-tax profits of £7.2 million, reflecting strong business performance.
The firm attributes its success to positive momentum throughout the year, marked by record-breaking revenues, an expanding lending portfolio, and effectively managed arrears. This progress comes as part of a four-year strategy initiated in 2021 under the leadership of CEO Ed Rimmer, which has clearly delivered impressive results.
The lender’s achievements are further highlighted by its share price, which has tripled over the past two years and recently reached its highest point in six years. Time Finance plans to release a more comprehensive update to the market just before Christmas, providing further insights into its remarkable progress.
Time Finance’s continued growth and positive outlook are clear indicators of its successful strategy and solid market performance.
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.
