Time Finance increased profit and turnover with record lending book growth

Specialist finance provider Time Finance has posted interim results featuring increased profit and turnover. The AIM-listed firm said its lending book is at record levels after ten consecutive quarters of growth.

In the six months to 30 November, revenue at the business was up 19 per cent to £15.7m while profit before tax climbed 35 per cent to £2.7m.

Own-Book lending origination was up 29 per cent to £47.3m while gross lending-book increased 24 per cent to a record £188.6m.

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.

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