Time Finance heads for the exit on a high

Time Finance is heading towards the end of its life as a listed company on a high while it waits for the final approvals on a takeover by rival lender Ultimate Finance.

Pre-tax profit was up 6% to £8.4m and it finished the year to May with a record lending book, it has revealed.

The first year of the lender’s three-year “Continuing the Journey” strategy saw revenues increase by 4% to £38.5m, although the group's journey is about to set off in a different direction.

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