# Time Finance interim Results scheduled for release 20th January 2022

- Link: https://www.directorstalkinterviews.com/time-finance-interim-results-scheduled-for-release-20th-january-2022/4121038827
- Published: 2021-12-15T07:36:01+00:00
- Author: Giles

**[Time Finance plc](https://www.directorstalkinterviews.com/company/time.l)** (
[LON:TIME](https://www.directorstalkinterviews.com/company/time.l)), the AIM listed
independent specialist finance provider, is pleased to issue the following update
on the Company’s trading performance for the six month period ended 30 November 
2021, ahead of the publication of its Interim Results which are scheduled for release
on 20 January 2022.

In line with its strategic objectives, the Group has continued to experience positive
trading momentum regarding lending origination on its own-book, with the Board and
management team remaining focussed on the Group’s recovery from the impact of the
pandemic.

The Group’s balance sheet strengthened further during the period, with unaudited
Net Tangible Assets at 30 November 2021 of more than £29m. Deals in arrears are 
at their lowest levels since the fourth quarter of 2018, and no deals remain in 
forbearance as a result of the impact of the pandemic. Furthermore, the Company’s
gross lending book increased from its 31 May 2021 level of £116m to approximately
£121m as at 30 November 2021.

Notwithstanding this positive momentum, it is clear that the economic effects of
the pandemic continue to overshadow many of the sectors of the economy. Consequently,
the Time Finance Board remains both vigilant and cautious as to the potential impact
that further economic uncertainty or additional government restrictions could have
on the Group.

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