Time Finance Share Discussion Threads

[boonkoh] 08/3/2023 08:46

£2m PBT at HY. £3m at end of Q3.Company is only guiding £3.6m for FY but given they have demonstrated that they tend to be conservative with their outlook, the momentum looks more like a £4-4.25m FY PBT.

[cheshire man] 08/3/2023 08:16

"Full-year results now expected to be ahead of recently increased market expectations":-))

[z1co] 08/3/2023 08:16

All the noise from the company was indicating that they were trading very strongly .No doubt at all that they will be raising their guidance again in June.

[doobz] 08/3/2023 08:07

Lovely stuff, all stops at BE and this could easily multi from here now. Well done everyone

[hastings] 08/3/2023 07:49

I see the broker has upped EPS to 3.2p for this full year rising to 3.9p next year. It adds that upside risks to forecasts remain dominant.

[hastings] 08/3/2023 07:26

Excellent news and is bang on with management's vision when I spoke with them at the end of January.

[someuwin] 08/3/2023 07:16

Wow - Fantastic update!

[z1co] 17/2/2023 12:10

Thanks

The business must be trading very strongly due to the company recruiting more staff so early in the year.

[someuwin] 17/2/2023 11:48

Cheers Z1CO - sound like all is doing well for Time.

[z1co] 17/2/2023 11:24

Time Finance is pleased to announce the appointment of Casey Baldwin as Business Development Manager in its Invoice Finance team as it sets out to bolster its support to SMEs in Yorkshire and the North East of England.

Casey joins Time Finance with 10 year’s experience in the Invoice Finance sector, having spent her career working alongside both national brokers and business owners to package supportive and flexible funding solutions. Casey most recently worked at Novuna where she spent 3 years as a Business Development Manager. Prior to that, she gained experience in business development and relationship management roles at Bibby Financial Services, Aldermore Bank and RBS Invoice Finance.

In her new position, Casey will be responsible for building and maintaining strong introducer relations across Yorkshire and the North East, whilst generating awareness of the Invoice Finance solutions available to business owners and intermediaries through Time Finance.

Speaking of her appointment, Casey said: “I’m really excited to be joining the Time Finance team. Their Invoice Finance division have an excellent reputation in the market and are well known for their common-sense approach to structuring funding solutions and achieving high client retention figures. Their broad offering and appetite to support more businesses is a great talking point and opens up a lot of opportunities to help businesses with all aspects of their financing needs.

“For me, stepping into this role also comes at a crucial time. The challenges that the SME market currently faces leaves many in need of a tailored solution that can help them in overcoming cashflow issues within their business and operations. I’m looking forward to building up my network of trusted introducers and working closely with them to spot opportunities and react swiftly to their clients’ funding requirements.”

Invoice Finance can relieve pressure on cashflow and give businesses the freedom to grow. By releasing up to 90% of the value of unpaid invoices, businesses can access additional working capital and use the funds to support day-to-day cashflow requirements or fuel investment plans.

Time Finance offers Confidential and Disclosed Invoice Finance facilities ranging from £10,000 to £2.5million, with the added flexibility that their funding lines can grow alongside a business.

Andy Hume, Head of Sales at Time Finance, added: “Casey is a great addition to our team, and we are delighted to have her on board as we continue to expand our presence across the UK.

“As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses who are looking to release additional working capital for additional headroom and growth. We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to Invoice Finance solutions, and considering the wider challenges that the current market is facing Casey’s appointment could not come at a better time to help us to achieve this”.

Casey’s recruitment is the latest in a string of appointments at Time Finance in recent months. Jake Smedley joined as Business Development Manager in the Yorkshire, Humberside and Lincolnshire region, whilst Kevin Howard joined as Head of Relationship Management. As it continues to invest in its people, the firm also celebrated the launch of their new Invoice Finance office in Reading in October of last year.

[z1co] 11/2/2023 08:56

The company continues to gain more customers and they are taking on extra staff which is always a good sign that they expect to remain busy:

Time Finance
@time_finance 27/01/2023

🔒 We recently supported a well-established printing equipment distribution business with a £100,000 Secured Business Loan.

Our Secured Loan helped the business to refinance an existing bridging loan which was secured on their commercial property.


23/01/2023

We have an exciting opportunity for a Credit Controller to join our team in Reading. If you are looking to kickstart your career in financial services, then we want to hear from you.

19/01/2023

We are looking for two new Business Development Managers to join our Invoice Finance team, with opportunities in both our Reading and Manchester offices.

[boonkoh] 09/2/2023 12:53

S&U reporting that bad debts are not increasing yet. Granted, different sectors (motor, property bridging) but glad that on a macro level, we're not seeing struggles yet. Hay is being made with higher Net Interest Margins, while bad debt remains low.

[z1co] 09/2/2023 11:59

GPIM Limited has increased it's holding to 18.07% from 17.11%

[z1co] 04/2/2023 11:27

Ed Rimmer, Chief Executive Officer at Time Finance, shares his predictions on what 2023 will bring for businesses and the key trends to expect this year.

[z1co] 01/2/2023 19:52

A few traders got excited yesterday and today sold at 26p and 25p but there were also a lot of buyers at 26p or above.

A total of 250,000 shares were bought at 26p or above.

The slight pull back will not last very long ,the shares are destined for 40p within the next few months.

They will be a lot higher than 40p by the time they announce their results in September

[doobz] 31/1/2023 13:50

Yeh 30 easily, have a feeling its gonna find 40 sooner than you might think as well.

[boonkoh] 31/1/2023 12:54

This breakout looks interesting. Next stop 30-31p? Just below NTAV?

[lennonsalive] 31/1/2023 12:45

Onwards to 30!

[gswredland] 31/1/2023 12:39

Shortage of stock here?
up a lot on small trading

[z1co] 31/1/2023 10:25

Meanwhile the share price has just started to catch up with this significant growth in business, the lending book at an all time high.

[someuwin] 31/1/2023 10:16

A picture paints a thousand words. lending book growing strongly since Covid lockdowns ended - now at record levels!

Share price yet to reflect the recovery, let alone the future growth...

[gswredland] 31/1/2023 09:30

Interesting

[someuwin] 31/1/2023 08:58

Can't even buy £1k worth now.