Time Finance has reported record revenues and profits for the year ended 31 May 2026, with its lending book surpassing £250 million for the first time as the specialist finance provider delivered its 20th consecutive quarter of growth.
The AIM-listed lender increased its gross lending book by 15% year-on-year to a record £250.9 million, while own-book deal origination rose 26% to £122 million.
Revenue increased 4% to an all-time high of £38.5 million, with profit before tax rising 6% to £8.4 million. Profit before tax before exceptional items increased 8% to £8.5 million, while the group’s profit margin improved to 22%.
The business says strong operational efficiencies and disciplined credit management helped maintain stable arrears and bad debt write-offs despite continued lending growth. Net arrears stood at 4.8% of the lending book, while net bad debt write-offs remained low at 0.9%.
FUNDING HEADROOM
Time Finance also strengthened its funding position during the year, extending existing facilities and securing additional long-term funding partnerships. The business ended the financial year with more than £80 million of available funding headroom to support future growth.
As part of its strategy through to May 2028, the lender continues to increase its focus on secured lending, with invoice finance and hard asset finance accounting for more than 95% of new lending during the year and now representing almost 90% of its overall lending book.
IMPROVED MARGINS
Ed Rimmer (main picture), chief executive officer of Time Finance, says: “The Group ends the year having enjoyed all-time high revenues, improved margins and record profits.
“The lending book also hit a significant milestone, surpassing £250m, an important feat that has been achieved without the lowering of credit quality, as demonstrated by the consistent and stable nature of both our arrears and our net write-offs.
“We have a proven, simple model that continues to deliver and the Board is confident that the Group remains appropriately positioned on its growth strategy and, as a result, is well placed to build long-term value for all our shareholders.”
