12th Nov 2025 16:41
(Alliance News) - Time Finance PLC shares rose on Wednesday as it said its lending portfolio reached a record high of GBP230 million at the end of October.
The Bath, England-based asset, loan and invoice finance provider for small and medium enterprises said the lending portfolio of GBP230 million is up 6.0% from GBP217 million at the end of May, and 12% higher than GBP205 million a year ago.
As part of its three-year growth strategy, Time Finance has a target for its gross lending portfolio to reach GBP300 million by the end of May 2028.
The Invoice Finance lending book is in excess of GBP75 million, up 13% from GBP66 million a year prior. The Hard subset of the Asset division exceeded GBP123 million, up 28% from GBP96 million.
"This ongoing positive lending book growth provides the board with increased confidence that group financial performance for [financial 2026] will be at least in line with current market expectations," the company said.
Shares in Time Finance jumped 11% to 53.90 pence on Wednesday afternoon in London.
By Michael Hennessey, Alliance News reporter
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