Here’s another brief stock pitch for you! Time Finance (LON:TIME) (StockRank: 82) is another stock that could have made it onto my annual watchlist this year, and is a company that has made a consistently positive impression on me, so I’m happy to lay out the case for you here!
Disclosure: At the time of publication, I do not have a position in Time Finance.
Source: timefinance.com/clients
The Pitch
Time Finance, known as 1pm plc until 2020, is a Bath-based independent finance provider with two main categories of business: invoice finance and asset finance.
They previously offered loans that were less well secured, such as ordinary business loans and consumer loans, before making a strategic shift into lower-risk categories. The hard assets against which they lend include construction equipment, printing equipment, manufacturing & engineering machinery, tractors, cars and vans.
After suffering some weakness during Covid, they have enjoyed considerable growth from a low revenue point of £22.5m (FY May 2022) to an expected £38.5m in FY May 2026 (source: Cavendish). This represents a compound annual growth rate or CAGR for revenues over this four-year period of 14%.
What makes this all the more meaningful is that it has been achieved during a period of strategic change, with a major evolution in the composition of their lending portfolio. More on this below.
The Big Picture
The broader company profile is as follows:
£235m lending book (as of November 2025), up 12% year-on-year.
Strategic focus: the core products, focused on “hard” lending categories, have reached 87% of the total lending book. This is up from 78% in November 2024. Back in 2021, they were only 50% of the portfolio.
Low arrears: at the most recent interims, arrears were only 4.5% of the lending book (down from 5.3% a year earlier). Bad debt write-offs were only 1% of the average lending book (down from 1.2% a year earlier).
With 98% of new lending by TIME focused on their core categories, their lending book is only going to continue becoming more concentrated in them.
Committed, long-standing management: CEO Ed Rimmer has been with the company since 2017, and has been CEO since 2020, overseeing the company’s successful evolution. CFO James Roberts has also been with the company, as CFO,…
