Time Finance reports record high lending book

Time Finance has reported a 12% increase in revenue to £13.2m and a 67% increase in pre-tax profits to £2m in the six months to November 2022. Additionally, the company’s lending book has reached a record high of £152.7m.

The company attributes the positive financial results to the “resilience” of its offering and its ongoing investments in its proposition.

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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