Time Finance expects FY25 performance to surpass market expectations

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that it has continued to enjoy positive trading momentum throughout the first five months of the 2024/25 financial year (FY25) and confirms that the Company will provide a scheduled trading update in respect of H1 FY25 on Thursday 19 December 2024.

This positive momentum year-to-date includes record revenues, a lending book hitting new heights, and arrears remaining well under control. As a result, the Board now has increased confidence that Group performance for FY25 will be ahead of current market expectations1. Revenue and Profit Before Tax for FY25 are now expected to not be less than £35.1m and £7.2m respectively.

1       FY2024/25 market expectations as at the date of this announcement of £34.5m of revenue and £6.9m of profit before tax.

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

Strengthening your business financial health

Managing a business’s finances can be challenging, especially when faced with financial difficulties that impact your credit score. A bad credit score can create obstacles in obtaining funding and increase borrowing costs. However, there are practical

Time Finance plc

Time Finance celebrates strong growth and positive forecasts

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

Time Finance plc

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

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