Read More.pdf

Interim-Results.pdf
Preview of Read More
🔗 Source: timefinance.com
📊 Size: 366 KB
👤 Author: Josh Self
⬇️ Downloads: 129

Summary

Time Finance plc announced its unaudited interim results for the six months ended 30 November 2021, with financial highlights including:
- Origination up 3% to £58.1m
- Revenue up 1% to £11.8m
- Gross profit up 3% to £7.6m
- Profit before tax up 1% to £1.2m
- Gross lending portfolio increased to £120.5m
- Net Assets increased to £58.2m
- Net deals in arrears reduced by 26% to 9% of the gross lending book
- Nil net deals in forbearance
Operational highlights include accreditation from the British Business Bank to provide the Recovery Loan Scheme, a £50m Invoice Finance funding facility, and investment in sales resources. The company's lending portfolio performance is better than pre-pandemic levels and continues to improve.

Description

Time Finance plc announced its unaudited interim results for the six months ended 30 November 2021, with financial highlights including:
- Origination up 3%...

Technical Information

  • File Format: PDF
  • File Size: 366 KB
  • Pages: 11
  • Language: EN
  • Author: Josh Self
  • Total Downloads: 129
  • Last Updated: 3 weeks ago

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