Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced its audited final results for the year ended 31 May 2026. The Company previously provided an FY2025/26 full year trading update on 25 June 2026.
As announced by the Company on 1 October 2026, Time Finance shareholders, on that same day, approved the recommended cash acquisition of the Company by Bentley Park (UK) Limited, the terms of which were first announced on 17 August 2026. The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and is subject to the terms and conditions set out in the shareholder circular relating to the Scheme published by Time Finance on 2 September 2026.
Completion of the Acquisition remains subject to the satisfaction or (where applicable) waiver of the remaining Conditions set out in Part 3 of the Scheme Document, including the FCA Condition and the sanction of the Scheme by the Court at the Scheme Sanction Hearing.
The expected timetable of principal events for the implementation of the Scheme remains as set out on pages 12 and 13 of the Scheme Document. Any updates to the expected timetable will be announced through a Regulatory Information Service.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Scheme Document.
FY2025/26 Summary
• Revenue of £38.5m (FY2024/25: £37.1m), an increase of 4%
• Profit Before Tax (“PBT”) of £8.4m (FY2024/25: £7.9m), an increase of 6%
• Earnings per share (“EPS”) (fully diluted) of 6.8pps (FY2024/25: 6.3pps), an increase of 8%
• Own-Book Deal Origination of £124.1m (FY2024/25: £96.6m), an increase of 29%
• Lending book of £251.0m at 31 May 2026 (31 May 2025: £216.7m), an increase of 16%
• Consolidated Net Assets at 31 May 2026 of £78.0m (31 May 2025: £71.8m), an increase of 9%
• Consolidated Net Tangible Assets at 31 May 2026 of £50.2m (31 May 2025: £44.1m), an increase of 14%
• Deferred income of £31.2m (31 May 2025: £26.6m), an increase of 17%
• Net arrears relatively stable at 4.8% of the gross lending book at 31 May 2026 (31 May 2025: 4.6%)
• Net Bad Debt Write-Offs relatively stable at 0.9% of the average lending book (31 May 2025: 1.0%)
