Time Finance growth in lending book; significant increases in revenues and profits

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has provided a trading update in respect of the Group’s performance for the six-months ended 30 November 2023 (“H1 2023/24”). This update is in advance of the scheduled release of the Group’s full H1 2023/24 unaudited Interim Results on 25 January 2023.

H1 2023/24 Highlights

·    Own-Book lending origination of £47.2m, an increase of 29% (H1 2022/23: £36.6m)

·   Lending-book continuing to grow, increasing 11% to £188.5m since financial year-end (31 May 2023: £170.1m) and 23% from the same date 12 months prior (30 November 2022: £152.7m)

·    Revenue of £15.7m, an increase of 19% (H1 2022/23: £13.2m)

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