Time Finance reaffirms positive outlook for FY 2024-2025
AIM-listed Time Finance has reaffirmed that its financial performance for the financial year 2024-2025 is expected to be in line with current market expectations.
In a filing to the London Stock Exchange, the company outlined its forthcoming financial reporting schedule for the year ending 31 May 2025, indicating a steady trajectory underpinned by solid trading momentum observed throughout the year.
The company added that the strong performance seen in the first three quarters of the financial year continued through March and April 2025.
This sustained momentum has been driven by consistent demand from UK businesses for its diverse funding solutions, the company said.
As a result of the ongoing positive trading momentum, the board expressed confidence in the group's robust financial performance for the full year.
Furthermore, Time Finance said it plans to issue a trading update for the financial year ending 31 May 2025 on 26 June 2025.
The group will follow with the release of its full, audited final results and accompanying Annual Report and Financial Statements on 24 September 2025.
It will also provide a trading update for the first quarter of FY 2025/2026 at that time.
Time Finance provides flexible funding solutions to businesses across the UK.
It offers a range of financial products tailored to small and medium-sized enterprises (SMEs), with a primary focus on asset finance and invoice finance.
While the company mainly operates as an 'own-book' lender, it can also broker deals when suitable, allowing it to manage business volumes effectively across different markets and economic conditions.
Last month, Time Finance provided a £500,000 ($664,850) asset-based finance facility to Red Security for expansion and acquisition.
During the same time, the company also appointed Danielle Lynch as relationship manager within its Invoice Finance division.
"Time Finance reaffirms positive outlook for FY 2024-2025" was originally created and published by Leasing Life, a GlobalData owned brand.
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