Following several months of sustained growth, alternative finance lender, Time Finance, has announced a record lending book of £188.6m for the six months ending November 2023, representing a 23 per cent increase on the previous 12 months.
Demonstrating the ongoing success of the business’ growth strategy, the results reveal that own-book lending origination was up by nearly 30 per cent to £47.3m and there was a 19 per cent increase in total revenue, up to £15.7m. Profit before tax showed a 35 per cent increase to £2.7m for the six-month period to 30th November 2023.
