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Time Finance PLC - Bath, England-based asset, loan and invoice finance for small and medium enterprises - Ahead of its annual results on September 25, Time Finance says says net tangible assets exceed £40 million as of August 31. July and August, the second and third month of its new financial year, both saw record revenue, it says. Revenue in the first quarter as a whole was 20% up on £7.6 million a year before, which would place it at £9.1 million. This gives the company confidence in achieving a full-year performance in line with market expectations, it says.
Current stock price: 53.08 pence, up 5.1% in London on Tuesday
12-month change: doubled from 26.00p
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