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Time Finance plc ( (GB:TIME) ) has shared an announcement.
Time Finance plc has achieved a significant milestone in its Hard Asset lending portfolio, which has surpassed £100 million for the first time after 41 consecutive months of growth. This achievement aligns with the company’s strategy to expand its overall lending book to over £300 million by 2028, with Hard Asset and Invoice Finance being key growth areas. As of January 2025, the Hard Asset lending portfolio has grown by 21% since the last financial year and 222% since the strategy’s launch in 2021, now comprising 80% of the Group’s total lending portfolio. The company plans to release its Q3 Trading Update on March 25, 2025, to reflect its financial performance over the nine-month period.
More about Time Finance plc
Time Finance plc is a UK-based independent specialist finance provider, focusing on helping SMEs with flexible funding facilities. The company offers a multi-product range, including Asset, Loan, and Invoice Finance, primarily as an ‘own-book’ lender but also has the ability to broker deals to optimize business levels through different market and economic cycles.
YTD Price Performance: -3.23%
Average Trading Volume: 286,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £55.51M
Find detailed analytics on TIME stock on TipRanks’ Stock Analysis page.
