LONDON (ShareCast) - (Sharecast News) - Time Finance said on Wednesday that its lending portfolio reached a record £230m at the end of October, driven by strong growth across its asset and invoice finance divisions.
The AIM-traded specialist finance provider said the unaudited value of its loan book was up 6% from £217m at the end of May and 12% higher than the £205m reported a year earlier.

It said the increase marked another step toward its goal of growing its gross lending portfolio to £300m by May 2028.

The company said both of its key strategic growth areas - invoice finance and the "hard" asset finance segment - hit all-time highs.

It said its invoice finance book rose to more than £75m, up 13% year on year, while the hard asset finance subset climbed 28% to over £123m.

Combined, secured lending now accounts for more than 86% of the group's portfolio, also a record level.

Time Finance said the ongoing expansion of its lending book gave the board "increased confidence" that financial performance for the 2025-2026 financial year will be at least in line with current market expectations.

At 1452 GMT, shares in Time Finance were up 7.01% at 51.9p.

Reporting by Josh White for Sharecast.com.

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