Strong financial performance
In its half-year trading update for the period ending November 30, 2024, Time Finance reported:
- Revenue: £18.2 million, a 16% increase from the previous year
- Pre-tax profit: £3.9 million, up 44% year-on-year
- Profit margin: Improved to 21% from 17%
- Gross lending book: Reached a record £209.4 million, marking 14 consecutive quarters of growth
These figures indicate a consistent upward trajectory in the company’s financial health. Read more
Strategic focus and expansion
Time Finance has concentrated on secured lending, particularly in invoice finance and hard asset finance. These areas now constitute approximately 77% of its total lending book. This strategic focus has contributed to the company’s sustained growth. Read more
Additionally, the company has expanded its operations by opening new office premises in Birchwood, aiming to enhance its asset finance services for SMEs across the UK. Read more
Analyst perspectives
Analysts have responded positively to Time Finance’s performance. For instance, Simon Thompson of Investors Chronicle highlighted the company’s upgraded earnings guidance and low valuation metrics, suggesting potential for further growth. Read more
Investment considerations
Given its strong financial results, strategic focus on secured lending, and positive analyst coverage, Time Finance presents itself as a compelling option for investors interested in the UK finance sector. However, as with any investment, it is essential to conduct thorough research and consider market conditions before making decisions.decisions.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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