UK-based independent finance provider Time Finance has announced an upward revision of its financial outlook for the 2024/2025 fiscal year. The company attributes this positive shift to sustained trading momentum and record-breaking revenues over the first nine months of FY 2025. With a focus on expanding its asset lending portfolio, Time Finance has seen significant growth in both revenue and profit, setting new benchmarks for future performance.

The revised projections anticipate at least £36 million in revenue and £7.5 million in pre-tax profit for FY 2025. This marks a notable improvement from previous estimates set in November 2024. Additionally, the company's asset lending portfolio has surpassed £100 million for the first time, reflecting a strategic emphasis on secured lending and invoice finance.

Enhanced Financial Projections Reflect Strong Trading Momentum

Time Finance has experienced consistent growth throughout the first nine months of the current fiscal year. The company's latest financial update reveals that it is on track to exceed market expectations, driven by robust trading performance. Revenue and profit before tax are projected to reach at least £36 million and £7.5 million, respectively, surpassing earlier forecasts. This optimistic outlook underscores the company's ability to capitalize on favorable market conditions.

During the first half of FY 2025, Time Finance reported a 16% increase in revenue, reaching £18.2 million compared to £15.7 million in the same period last year. Profit before tax also saw a substantial rise of 44%, climbing to £3.9 million. These figures highlight the company's strong operational performance and effective management strategies. The upward revision in financial projections reflects Time Finance's commitment to maintaining positive momentum through disciplined business practices and strategic investments. Furthermore, the company plans to release its Q3 trading update on March 25, 2025, providing further insights into its ongoing success.

Strategic Growth in Asset Lending Portfolio Drives Expansion

A key driver behind Time Finance's impressive financial performance is the rapid expansion of its asset lending portfolio. As of January 31, 2025, the portfolio has reached £103 million, marking a 21% increase from the previous year-end and a remarkable 222% surge since the launch of its strategic growth plan in June 2021. This consistent month-on-month growth demonstrates the company's dedication to expanding its own-book secured lending operations.

The growth in the asset lending portfolio is integral to Time Finance's broader strategy of increasing its total lending book to over £300 million by 2028. By focusing on secured lending and invoice finance, the company has successfully positioned itself as a leader in these sectors. As of January 31, 2025, the combined hard asset and invoice finance books accounted for 80% of the group's total lending portfolio. This strategic approach not only enhances the company's financial stability but also supports its long-term growth objectives. The continued expansion of the asset lending portfolio signifies Time Finance's commitment to delivering value to its clients and stakeholders while maintaining a strong market presence.