UK-based specialist lender Time Finance has reported an increase in its lending facilities, surpassing £250m.  

The expansion is the result of renewed agreements with a consortium of eight funding partners, providing the company with additional financial leeway exceeding £95m. 

The company aims to extend its reach across the UK, aligning with its strategic plan that spans the next three years, concluding in May 2028.  

Time Finance CFO James Roberts said: “I am delighted that the group has put in place substantial funding facilities as we embark on our new three-year growth plan. The previous plan, from June 2021 to May 2025, saw invoice finance lending increase by 170% and hard asset lending by 249%.  

“Strong demand for both product sets has continued to be experienced in the first months of the new financial year, which began on 1 June 2025. 

“As such, the significant headroom provided by these larger and more flexible facilities across all lending divisions position the Group well as it looks to further support UK business requiring funding for business-critical equipment through asset finance or working capital solutions through invoice finance.” 

Furthermore, Time Finance announced that it will release its fully audited financial statements for the year ending 31 May 2025 on 24 September.  

Concurrently, a trading update for the first quarter of fiscal year 2025/26 will be provided. 

Last month, the company reappointed Tom Ludden as business development manager in its Invoice Finance division to support the company’s goal of expanding its own-book lending to £300m.