Time Finance Hard Asset lending book breaks £100m milestone

Time Finance plc

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that the Group’s Hard Asset lending portfolio, the focus of the Group’s Asset Finance business, has reached an all-time record high, exceeding £100 million for the first time.

The Hard Asset lending portfolio has now increased in size month-on-month for three and a half years, highlighting the Company’s commitment to driving own-book secured lending – a key pillar of the Group’s stated strategy of growing its overall lending book to over £300m in 2028.

As at 31 January 2025, the unaudited value of the Group’s Hard Asset lending portfolio reached £103 million, a 21% increase since the last financial year-end (31 May 2024: £85 million), and a 222% increase on its size at the launch of the Company’s growth strategy in June 2021 (31 May 2021: £32 million).

As a result, and reflecting the focus on secured lending, the combined Hard Asset and Invoice Finance lending books represent 80% of the Group’s total overall lending portfolio at 31 January 2025 (31 May 2024: 75%; 31 May 2021: 50%).

Notice of Q3 Trading Update

The Group is planning to publish its Q3 Trading Update, reflecting the nine-month period from 1 June 2024 to 28 February 2025, on Tuesday 25 March 2025.

Commenting on achieving this significant lending milestone Ed Rimmer, Time Finance Chief Executive, said:

“Growing our lending book is one of the core pillars of our strategic plan and Hard Asset, alongside Invoice Finance, are the two key areas expected to drive this growth. To break through the £100m milestone in Hard Asset is an achievement we are very proud of, and it sets us on a firm footing to achieve our medium-term aim of growing the combined group lending book to £300m by the end of May 2028.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:
Discover top-performing stocks across health, energy, finance, and telecom with insights from leading analysts to make informed investment decisions.
Discover six high-growth AIM-listed British companies delivering exceptional returns, with share prices surging up to 150% in the past year.
Time Finance plc (LON:TIME) reports a strong financial performance for FY 2023/24, with significant boosts in revenue and profitability, surpassing market expectations.
Time Finance Plc (LON:TIME) CEO Ed Rimmer presents Q3 Trading update & strategic direction for the fiscal year ending February 2024. Explore the company's performance & growth as an alternative finance provider for SMEs.
Time Finance plc CEO Ed Rimmer discusses positive performance, economic challenges, and long-term goals in an exclusive interview with DirectorsTalk.

Search

Search