Bath-based alternative finance specialist Time Finance has reported a “strong and resilient” performance for the last financial year. The AIM-listed company said it had supported 10,000 UK business owners with more than £137m of funding - up 18% on the previous year - for the year ending May 31, 2022.
The firm reported a total revenue of £23.6m over the period and said expansion of its national business development team had led to growth in its book lending, with deal origination at £64.4m, an increase of 36% on 2021.
Over the last year, Time Finance has made a number of appointments to its senior management team including Sharon Bryden as director of commercial loans and ABL; Steve Nichols as director of asset finance; Louise Ikonomides as head of business improvements; and Helen Wheeler as head of invoice finance operations.
