Time Finance’s interim results show its strategy continuing to compound nicely: record lending book, revenues and profits, alongside improving credit quality. Own-book origination increased 48% YoY to £62.6m, supporting a 12% YoY rise in the lending book to a record £235m (18 consecutive quarters of growth) and a 10% YoY increase in PBT to £4.3m. Encouragingly, growth has been achieved with lower risk, as secured lending rose 10pp to 87% of the book, and net arrears fell 0.8pp to 4.5%. Time has ....
