Time Finance plc (B5D1)

Overview

Time Finance plc, initially known as 1pm plc, is a financial services provider headquartered in Bath, the United Kingdom. Founded in 2000, the company has grown to offer a broad array of financial products and services tailored for both consumers and businesses across the UK. It operates through two main segments: Asset Finance and Invoice Finance. In December 2020, it underwent a rebranding, changing its name to Time Finance plc to perhaps better reflect its evolved business strategy and the comprehensive range of financing solutions it provides.

Products and Services

Time Finance plc caters to the diverse financial needs of its clientele through various products and services, including:

• Vendor Finance: This service facilitates suppliers in offering finance options to their customers, making it easier for buyers to purchase equipment or services by spreading the cost over time.
• Hire Purchase: Allows customers to acquire an asset by making installment payments over time. Ownership of the asset transfers to the customer once all payments are made, enabling businesses and individuals to manage cash flow effectively.
• Finance Leasing: Offers businesses the advantage of using equipment or machinery without the need for outright purchase. Payments are made over a predefined period, after which there may be an option to acquire the asset, continue leasing, or return it.
• Asset-Based Lending: This solution provides businesses with funding based on the value of their assets such as inventory, equipment, and accounts receivable, thus leveraging existing capital to drive growth.
• Invoice Finance: A way for businesses to unlock the value of their unpaid invoices, providing immediate cash flow relief by allowing them to receive a majority of the invoice value upfront from the lender.
• Secured Business Loans: Tailored for businesses in need of larger sums of finance, these loans are secured against company assets, offering potentially lower interest rates and longer repayment terms.
• Vehicle Finance Solutions: Specifically designed for the purchase or lease of vehicles, these financing options support businesses in managing the costs associated with vehicle acquisition and maintenance.
• Commercial Loans: Direct lending to businesses for a variety of purposes, including expansion, project financing, or operational needs, with tailored repayment structures to suit different business models.