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Time Finance PLC on Tuesday celebrated robust demand from UK small & medium-sized enterprises as it reported higher interim revenue and profit and a positive outlook. The Bath, England-based asset, loan and invoice finance provider for small and medium enterprises said pretax profit climbed 8.4% to £4.3 million in the six months to November 30 from £3.9 million a year prior. Revenue rose 3.9% to £18.8 million from £18.1 million. Cost of sales increased 2.4% to £7.7 million from £7.6 million, while administrative expenses came in 3.5% higher at £6.7 million from £6.5 million. Time Finance said that positive trading momentum continued throughout December, underpinning confidence that trading for the financial year ending May 31 ‘will be at least in line with market expectations.’ The company does not pay dividends as it is currently deploying cash reserves for business growth. ‘ This approach to future dividends is kept under regular review and any change to the policy would be notified at that point in time,’ the firm said. Chair Tanya Raynes said: ‘The first six months trading of financial year 2026 mark a solid financial performance and strong start in terms of delivery against our current strategic plan through to May 2028, with robust demand from UK small & medium-sized enterprises helping to drive the lending book to record highs. While revenues continue to grow, the focus on efficiencies has resulted in growth in both margins, profits and earnings per share. Net tangible assets are at an all-time high; cash reserves and funding sources remain healthy; while arrears and write-offs have both fallen, reflecting the strong credit controls in place across the group. The board, therefore, feel confident that the group remains well positioned to deliver further long-term growth and increased value to the company’s shareholders.’ Time Finance shares were 0.5% lower at 52.74 pence each on Tuesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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