Time Finance (LSE:TIME) reported another strong quarter, with continued demand from UK businesses for its funding products pushing its gross lending book to a record £236.4m. This marks the nineteenth consecutive quarter of growth for the specialist lender. The company’s strategic shift toward secured lending has continued to reshape the portfolio, with invoice finance and hard asset finance now representing 96% of new lending and 88% of the overall book, strengthening earnings quality while reducing risk exposure.
For the nine months to 28 February 2026, own-book lending origination increased 27% to £86.5m. Revenue rose 4% to £28.3m and profit before tax advanced 5% to £6.2m, with the PBT margin improving to 22%. Operational performance was supported by lower arrears and reduced bad debt write-offs, while higher net tangible assets and deferred income also strengthened the balance sheet. These factors underpin the board’s confidence that the company will meet market expectations for the full year and continue delivering long-term value for shareholders.
Time Finance plc’s outlook is supported primarily by its strong financial performance and a series of positive corporate developments. Technical indicators suggest the shares could have further upside potential, while valuation metrics point to the stock appearing undervalued. The lack of earnings call data does not materially affect the overall assessment.
More about Time Finance plc
Time Finance plc is an AIM-listed independent specialist finance provider that focuses on delivering flexible funding solutions to UK SMEs. The group specialises in asset finance, invoice finance and secured loans, primarily operating as an own-book lender. It also retains a brokerage capability, allowing it to place deals externally and maintain activity levels through changing market and economic conditions.
Leave a Reply