Time Finance has reported a profit before tax (PBT) of £7.9m ($10.6m) for the year ending 31 May 2025, a 34% increase from the £5.9m ($8m) recorded in the previous fiscal year.
The company’s lending book value reached £217.4m, showing an 8% growth, with deal origination also rising by 5% to £96.5m.
Notably, the asset finance division, including the ‘Hard’ subset, and the invoice finance division, grew by 31% to £111m and 8% to £70m, respectively.
Time Finance has also expanded its reach by introducing a specialist Materials Handling team to enter new markets.
Upon completing its four-year strategy that began in June 2021, Time Finance has released a new three-year plan titled ‘Continuing the Journey’.
The strategy is designed to enhance lending book growth, ensure resilient lending practices, and improve operational efficiencies.
Time Finance non-executive chair Tanya Raynes said: “The group’s financial performance over the final year of our four-year strategy was particularly strong. Despite wider macro-economic headwinds, revenue, profit before tax, and earnings per share all saw double-digit growth, with PBT and EPS both showing growth in excess of 30%.
“The balance sheet has also continued to strengthen with the lending book and net tangible assets hitting record highs at 31 May 2025, while arrears and write-offs remain controlled. As a result, the group remains well positioned to continue to increase shareholder value.”
Last month, Time Finance announced an expansion of its lending capabilities, with the total facilities exceeding £250m.
This growth has been facilitated by the renewal of contracts with a consortium of eight funding partners, which has provided the company with an additional financial capacity of more than £95m.
“Time Finance profit before tax surges 34% in FY24/25” was originally created and published by Leasing Life, a GlobalData owned brand.
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