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 says profit will outperform market expectations

March 05, 2024 at 03:58 pm EST

Time Finance PLC - Bath, England-based finance provider to small and medium businesses - Notes continued sound demand from businesses across the UK for the range of alternative finance products that the company offers. Says positive trading momentum continued throughout December, January and February. Expects revenue in the current financial year ending May 31 to rise by at least 14% to GBP31.5 million from GBP27.6 million in financial 2023. Further, anticipates pretax profit to jump at least 37% to GBP5.7 million from GBP4.2 million a year prior, which it says is ahead of the latest market expectations of GBP30.8 million for revenue and GBP5.4 million for pretax profit.

Current stock price: 39.80 pence per share, closed 4.2% higher on Tuesday in London

12-month change: up 78%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	TIME FINANCE PLC	40.75 GBX	0.00%	-0.61%	46.52M
	SOUND GROUP INC.	3.01 USD	+6.36%	-3.83%	15.93M

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

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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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TIME FINANCE PLC	+11.64%	46.52M
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Commercial Leasing

Time Finance plc

Equities

OPM

GB00BCDBXK43

Corporate Financial Services

Time Finance says profit will outperform market expectations

Stocks mentioned in the article

Latest news about Time Finance plc

Chart Time Finance plc

Company Profile

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Annual profits - Rate of surprise

Sector Commercial Leasing