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Time Finance plc ( (GB:TIME) ) just unveiled an announcement.
Time Finance plc announced its unaudited interim results for the half-year ending 30 November 2024, highlighting a record lending book, improved profit margins, and a 39% increase in earnings per share. The company is well on track to meet its medium-term strategy goals set in 2021, with plans to expand its lending book to over £300 million by 2028. The Group has strengthened its balance sheet and maintained low levels of arrears and write-offs, underpinned by renewed funding facilities and robust demand from UK SMEs. This strong performance and strategic momentum position Time Finance to deliver continued growth and increased shareholder value.
More about Time Finance plc
Time Finance plc is a UK-based specialist finance provider focusing on alternative finance solutions for SMEs. The company offers a multi-product range including Asset, Loan, and Invoice Finance, primarily operating as an ‘own-book’ lender but also acting as a broker when necessary. Its target market includes businesses with funding requirements between £5,000 and £3.5 million.
YTD Price Performance: 4.03%
Average Trading Volume: 277,903
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £59.21M
For an in-depth examination of TIME stock, go to TipRanks’ Stock Analysis page.
