Time Finance (TIME)

Sector:

Financials

Index:

FTSE AIM All-Share

39.50p
   
  • Change Today:
      0.80p
  • 52 Week High: 42.70
  • 52 Week Low: 23.30
  • Currency: UK Pounds
  • Shares Issued: 92.51m
  • Volume: 311,618
  • Market Cap: £36.54m
  • RiskGrade: 204

1pm subsidiary buys motor finance brokerage CarFinance2U

By Michele Maatouk

Date: Wednesday 13 Dec 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed specialist provider of finance facilities to the SME sector, 1pm, said on Wednesday that its subsidiary Academy Leasing has bought Wirral-based motor finance brokerage, CarFinance2U.
Based in West Kirby, the business provides vehicle finance facilities to customers across the UK. It receives credit applications from motor dealerships throughout the UK and sources the most competitive financing rates for their customers from amongst its panel of 13 lenders.

Mark Burgess, who co-founded CarFinance2U with Dan Rothwell in 2011, said: "As part of a much bigger group, we will be able to utilise greater operational resources across all aspects of the business, not least, access to more finance through Academy's panel of additional lenders as well as significant opportunities for cross-selling and the cross-referral of customers.

"We now also have the potential to develop a direct customer offering to complement our existing relationships with our motor dealership network through specialist lead generation and marketing capabilities."

Mike Nolan, founder of Academy Leasing and managing director of 1pm's asset finance division, said: "I'm delighted to welcome Mark and Dan to the group. They have demonstrated their abilities to establish and grow their business rapidly in a competitive market environment, not least as a result of the high quality of service provided to their customers and I can see very considerable opportunities to further develop the business and its customer offering as part of the 1pm group."

Academy Leasing is a Warrington-based vehicle and equipment finance provider.

At 1450 GMT, the shares were down 0.3% to 45.38p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Time Finance Market Data

Currency UK Pounds
Share Price 39.50p
Change Today 0.80p
% Change 2.07 %
52 Week High 42.70
52 Week Low 23.30
Volume 311,618
Shares Issued 92.51m
Market Cap £36.54m
RiskGrade 204

Time Finance Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.19% above the market average26.19% above the market average26.19% above the market average26.19% above the market average26.19% above the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Price Trend
95.77% above the market average95.77% above the market average95.77% above the market average95.77% above the market average95.77% above the market average
98.28% above the sector average98.28% above the sector average98.28% above the sector average98.28% above the sector average98.28% above the sector average
Income Not Available
Growth
71.79% above the market average71.79% above the market average71.79% above the market average71.79% above the market average71.79% above the market average
79.63% above the sector average79.63% above the sector average79.63% above the sector average79.63% above the sector average79.63% above the sector average

Time Finance Dividends

  Latest Previous
  Final Interim
Ex-Div 31-Oct-19 04-Apr-19
Paid 12-Dec-19 01-May-19
Amount 0.56p 0.28p

Trades for 28-Mar-2024

Time Volume / Share Price
16:45 50,000 @ 38.50p
16:24 4,000 @ 39.89p
15:14 50,000 @ 38.50p
16:08 5,000 @ 39.89p
15:59 10,000 @ 39.10p

Time Finance Key Personnel

CFO James Roberts
CEO Edward Rimmer

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