Time Finance plc

OPM

GB00BCDBXK43

Corporate Financial Services

Market Closed - London S.E. Other stock markets 11:35:05 2024-04-26 am EDT			5-day change	1st Jan Change
40.75 ^GBX	0.00%		-0.61%	+11.64%

Apr. 11	Time Finance Appoints Caroline McDonald as Head of Marketing	CI
Apr. 03	Time Finance agrees deal to extend existing finance facility	AN

Time Finance expects results ahead of market consensus

May 03, 2023 at 07:40 am EDT

Time Finance PLC - Bath, England-based finance provider to small & medium businesses - Expects trading for the financial year ending May 31 to be ahead of the latest market expectations. Market currently expect Time Finance to report revenue of GBP26.0 million and pretax profit of GBP3.6 million. Says it is now confident that revenue and pretax profit will be at least GBP26.7 million and GBP4.0 million, respectively. In financial 2022, Time Finance reported revenue of GBP23.6 million and pretax profit of GBP1.1 million.

Current stock price: 25.75 pence, up 1.0% in London on Wednesday

12-month change: up 12%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Time Finance plc

Time Finance Appoints Caroline McDonald as Head of Marketing	Apr. 10	CI
Time Finance agrees deal to extend existing finance facility	Apr. 03	AN
EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal	Mar. 26	AN
Time Finance says profit will outperform market expectations	Mar. 05	AN
EARNINGS: Ace Liberty swings to loss, CC Japan beats benchmark	Jan. 25	AN
Time Finance plc Reports Earnings Results for the Half Year Ended November 30, 2023	Jan. 25	CI
Time Finance Appoints Tom Chambers as First Invoice Finance Business Development Executive	Jan. 23	CI
EARNINGS AND TRADING: Time Finance revenue up; Libertine loss narrows	Dec. 19	AN
Time Finance plc Appoints Tracy Watkinson to Its Board as Non-Executive Director	Dec. 07	CI
Time Finance Plc Announces Board Changes	Nov. 15	CI
Paul Hird Appoints to Time Finance Board as Non-Executive Director	Nov. 09	CI
Time Finance shares jump as it celebrates strong trading	Nov. 09	AN
Time Finance full-year revenue and profit jump but no dividend yet	23-09-26	AN
Time Finance plc Reports Earnings Results for the Full Year Ended May 31, 2023	23-09-26	CI
Time Finance plc Announces Executive Changes	23-09-19	CI
R&Q premiums rise as presses on with separation	23-06-29	AN
Time Finance delivers first asset based lending facility	23-05-24	AN
Time Finance expects results ahead of market consensus	23-05-03	AN
Time Finance plc Provides Earnings Guidance for the Year Ending May 31, 2023	23-05-03	CI
Time Finance plc Announces Issue #17 Secured Loan Notes Due February 24, 2026	23-03-08	CI
Stocks mostly down on hawkish Powell comments	23-03-08	AN
FTSE 100 Closes Up 0.1% Lifted by Miners	23-03-08	DJ
UK 10-Year Gilt Yield Could Fall to 2.5% By End-2023	23-03-08	DJ
BOE's Dhingra Warns on Risks of Overtightening	23-03-08	DJ
Time Finance surges as profit more than doubles to GBP3.0 million	23-03-08	AN

Chart Time Finance plc

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Company Profile

Time Finance plc is a multi-product alternative finance provider. The Company is a lender for the working capital requirements of United Kingdom businesses and acts as a broker in arranging funding. Its offerings include Asset Finance and Invoice Finance with lending proposals originated through various channels, such as finance brokers and other professional firms, equipment vendors, suppliers and dealers, and direct from borrowers. Asset Finance enables investment in vital equipment or refinancing existing assets. Its business products consist of hire purchase, finance lease, and asset-based lending. Invoice Finance helps in improving the cashflow of the customer's business. It provides funding and offers an optional credit control service, where it manages a tailored collections process on the customer's behalf. It offers business loans secured against collateral and secured loans on a short or long-term basis, with monthly repayments. It also offers commercial loans.

Sector

Corporate Financial Services

Calendar

2024-06-27 - Q4 2024 Sales and Revenue Release - Trading Update

More about the company

Sector Commercial Leasing

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Commercial Leasing

Time Finance plc

Equities

OPM

GB00BCDBXK43

Corporate Financial Services

Time Finance expects results ahead of market consensus

Latest news about Time Finance plc

Chart Time Finance plc

Company Profile

Income Statement Evolution

EPS Revisions

Annual profits - Rate of surprise

Sector Commercial Leasing