Time Finance has achieved a major milestone after the group’s Hard Asset lending portfolio has reached an all-time record high, exceeding \u00a3100m for the first time.<\/p>\n
The portfolio is the focus of the group’s Asset Finance business and it now has an unbroken three-and-a-half record of increasing in size month-on-month.<\/p>\n
The AIM-listed independent specialist finance provider has set the target of growing its overall lending book to more than \u00a3300m in 2028.<\/p>\n
Ed Rimmer, chief executive of Time Finance, said: “Growing our lending book is one of the core pillars of our strategic plan and Hard Asset, alongside Invoice Finance, are the two key areas expected to drive this growth.<\/p>\n
“To break through the \u00a3100m milestone in Hard Asset is an achievement we are very proud of, and it sets us on a firm footing to achieve our medium-term aim of growing the combined group lending book to \u00a3300m by the end of May 2028.”<\/p>\n
As at January 31, the unaudited value of the group’s Hard Asset lending portfolio reached \u00a3103m. This is a 21% increase since the financial year-end last May, and a 222% increase on its size at the launch of the company’s growth strategy in June 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asset finance business has enjoyed significant growth since 2021<\/p>\n","protected":false},"author":18,"featured_media":905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127685,120781],"coauthors":[81],"class_list":["post-18966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","category-markets","tag-bristol-and-bath","tag-featured-story"],"yoast_head":"\n