They weren't criticising the business performance, they just didn't like the business model - a model which is working by the way. |
I saw that. Currently can't see capital from banks being withdrawn as TIME is doing well
Price recovering now
However there is no doubt this is high risk |
Its off a bit today because Paul Hill & Paul Scott aren't fans of the stock.
See 64.1 mins into this video. |
No idea, very odd. Unless some are reading the current absence of a TU compared to last year as a negative!Looks like an opportunity, given the last update and prevailing climate and prospects for the business. |
Why is it off 8% this morning? |
 Time Finance eyes North West growth with new Birchwood office
Leading independent business finance provider, Time Finance, has launched new office premises at The Square at Birchwood Boulevard as the business looks to expand its asset finance services for SMEs across the UK.
Taking a five-year lease, Time Finance now occupies 4,593 sq ft of new office space in Birchwood where its 40-strong northern Asset Finance team will be based, relocating from its former premises in Warrington.
The move forms part of Time Finance’s long-term growth plan and closely follows the business’ financial results, which saw a 20% increase in turnover to £33.2m and a 41% rise in pre-tax profit to £5.9m for the year ending May 2024.
From its new offices, Time Finance will grow its Asset Finance services, helping businesses in sectors such as manufacturing, engineering, construction, recycling, transport, logistics plus bus and coach as well as the traditional soft asset sectors they have always supported. The office will also support the expanded delivery of Time Finance’s growing Asset Based Lending (ABL) service, through which businesses can access finance by using existing assets as capital.
Ed Rimmer, Chief Executive Officer at Time Finance, commented: “We are on a really exciting growth path as we reach more businesses, particularly SMEs, with our creative and flexible finance solutions. Being able to serve our growing portfolio of deals is reliant on investing in our teams across the UK, giving them strategically located offices from which they can provide an exceptional service for our network of broker partners. We’re very excited for the future in our new Birchwood premises; it is an important part of our own growth and that of our clients across the North West and beyond.”
Steve Nichols, Managing Director of Asset Finance at Time Finance, added: “Our relocation to Birchwood represents growth for our Asset Finance team as we seek to reach more UK SMEs, while also improving our connectivity and giving our team a reinvigorated space to deliver our services.
“Asset Finance is a valuable tool for businesses looking to access the equipment they need to grow, but when used alongside Time Finance’s other services as part of a multi-product solution, it allows businesses to access capital tied up in their existing equipment. We look forward to reaching even more businesses with our creative funding solutions as we grow in our new office.”
Time Finance specialises in the provision of funding solutions to over 10,000 UK businesses seeking to access the finance they need to realise their growth plans. As well as Invoice Finance, UK Businesses can take advantage of Time Finance’s extensive portfolio comprising: Asset Finance, Business Loans and Asset Based Lending. |
Bought more today. Expect price to at least double from here in 2025. |
SP now fully recovered from Budget wobbles. Will it solidly break out above 60p and hold? (I hold in the Boon Fund) |
Time Finance are certainly in a sweet spot and the large banks and funders are keen to give them the funds to do the work that high street banks once undertook. |
You do realise they lend to very small businesses NatWest can't be bothered with? |
I think asset financing demand will take off next 12 months. All businesses now looking to see where they can replace humans with robots and machinery ahead of next April's blockbuster minimum wage rise...(I hold in the Boon Fund) |
The Invoice financing seems to be taking off. |
Can currently buy £2k. But not £3k. |
Time Finance @time_finance
New Asset Based Lending Deal Alert! 🚨
We supported this Haulage business with a £270k Asset Based Lending facility. The business specialises in providing HGV haulage services to the road surfacing sector. 🚛
They required funding to address cash flow pressures stemming from rapid growth which caused payment timing discrepancies between their debtors and creditors.
🤝 To address their needs effectively, we provided a comprehensive multi-product facility that combines both invoice finance and asset finance. The deal comprises of a £120,000 invoice finance facility and a £150,000 asset finance facility. This integrated solution will support their working capital requirements while also facilitating the acquisition of an additional HGV.
🔒 Our flexible facility also provides the business with Selective Bad Debt Protection. |
New positive article on Master Investor - subscription-only unfortunately:
"Small Cap Comment – Time Finance
Having followed Time Finance for the last 18 years, Mark Watson-Mitchell remains a fan of its business model and anticipates further growth over the next few years, shares now 53p, Brokers TP 112p.
Mark Watson-Mitchell
Oct 31, 2024
Time Finance (LON:TIME) – The Growth Continues And Now With Extra Funding
I do not expect any fireworks at next Tuesday’s AGM being held at the Hilton Manchester Deansgate from this AIM listed independent specialist finance provider.
What I do expect though is some confirmation that the £53m capitalised group is still on track to record a near 25% increase in current year profitability.
The Business
Time Finance's purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.
It offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance.
While focussed on being an 'own-book' lender, the group does retain the ability to broke-on deals where appropriate, enabling it to optimise business levels through market and economic cycles.
etc" |
Now no buy quote available here. |
Budget not as bad as feared. AIM IHT 20%, not cut altogether so still worth having. |
Shares Investor Evening (London) - LIVE EVENT - 13 November 2024 |
These Asset Finance deals seem to be landing with increasing regularity. And with growing deal sizes too.
Time Finance @time_finance
New Asset Finance Deal Alert! 🚨
We supported this vacuum excavation business with a £495k Asset Finance facility 🦺
They needed a new machine to expand their growing fleet, enabling them to meet rising client demand and further their mission to pioneer vacuum excavation across diverse commercial and industrial sectors.
✅ Our flexible team gave the customer 50% rentals for 6 months, spread the VAT and provided a 5-year term to keep costs lower whilst they embed the equipment into their fleet. This has enabled cashflow to be flatlined, meaning the initial outlay to the business was financially manageable. |
Lota of shares plummeting downwards due to selling pressure before the budget tomorrow.I've got my eye on a top-up. But I also have some other shares competing for the money.... SYS1, CAV, BEG, SPSY for example.(i hold in the Boon Fund) |
Also bought more yday, had a few holding pullback rapidly yesterday likely to do with budget and capital gains stuff |
Cavendish's target price (issued last month) suggests over 100% upside to be had here. |
I also think these are very cheap and topped up for my missus and myself hence the 5649 and 6000 purchases. Not too sure why these have been marked down from the highs of 62p but the Directors are confident via their purchases and the management certainly seem to know what they are doing |
That's me back in yesterday and today. Very cheap again |
Time Finance @time_finance
Another deal paid out! ✅
We recently packaged a £750,000 Disclosed Invoice Finance Facility for a Print and Mailing company who offer tailored print services across a diverse sector 📧
This client took the opportunity to grow their business and purchased a company who had gone into administration.
🌱 Our facility enabled this client to save 33 jobs, which demonstrates how transformative an invoice finance facility can be to enable business growth. |
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