Time Finance plc Own-Book Lending Portfolio Update

Time Finance plc (LON:TIME), the AIM listed specialist finance provider, has provided the following update on the performance of its lending book portfolio. Increasing the Company’s own-book lending forms a key pillar of the Group’s medium-term growth strategy, announced in June 2021, which targets a more than doubling of the lending portfolio by 31 May 2025.

Time Finance also confirms key dates in the 2023 financial calendar.

Own-book lending growth continues in line with medium-term strategy

As at 31 August 2023, the unaudited value of the Group’s lending portfolio reached a record high of £175.8m, ahead of the level expected by management at this stage of the four-year medium-term plan. The lending portfolio stands 4% higher than the 31 May 2023 financial year-end level of £168.9m and 18% up on the prior year equivalent level of £142.9m as at 31 August 2022.

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