OverviewSuggest Edit

Time Finance (formerly known as 1PM) is a specialist independent provider of finance to the UK SME sector. Founded in 2000 and based in Bath, the Group was admitted to the Alternative Investment Market in August 2006. Time finance provides an invaluable service to the UK SME market by helping to fill the funding gap left by the UK banking industry. What does Time finance do? The majority of 1PM’s business is provided by UK finance brokers, who are members of the NACFB. All lending and borrowing is at a fixed rate throughout the term of the agreement. Before any lend facility is agreed, all SMEs and proprietors undergo a detailed credit check carried out by Time Finance staff. They must have good credit histories and a proven ability to repay their finance commitments. Time Finance strives to be a responsible lender and will not provide finance to customers who cannot demonstrate they have sufficient cash-flow to honour their loan commitment. Finance Leasing and Hire Purchase Time Finance purchases a wide range of assets on behalf of its customers, costing from £1,000 up to a current maximum of £50,000 so exposure to one debtor is small compared with the overall portfolio; the assets are then leased back to customers over a fixed period of between 12 and 60 months. All assets leased must add value to the customer’s business. Time Finance retains ownership of the asset until the final payment is received. The lending term for an asset is between 12 and 60 months, with a typical agreement lasting 3 ½ years. Business Loans This is a new product offered by Time Finance to SME’s with loans of between £1,000 and £50,000 per customer. The loans are available for any purpose including working capital and cash-flow funding. The lending term for a loan is from 3 to 60 months.

HQBath, GB

Latest Updates

Employees (est.) (Sept 2021)121(-6%)
Revenue (FY, 2019)£31.8 M(+7%)
Share Price (Oct 2021)£0.2(+2%)
Cybersecurity ratingBMore
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Key People/Management at Time Finance

Ian Smith

Ian Smith

Mike Nolan

Mike Nolan

Managing Director – Asset Finance
James Roberts

James Roberts

Chief Finance Officer
Ed Rimmer

Ed Rimmer

Managing Director – Commercial Finance
John Newman

John Newman

Non-Executive Chairman
Ron Russell

Ron Russell

Non-Executive Director
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Time Finance Office Locations

Time Finance has offices in Bath, Cardiff, Lowton, Manchester and in 1 other location
Bath, GB (HQ)
2nd Floor, St James House, The Square, Lower Bristol Road
Cardiff, GB
Bay, The Maltings, E Tyndall St
Lowton, GB
Stone Cross Court
Manchester, GB
Castlefield House, Liverpool Rd
Milton, GB
Milton Park Innovation Centre, 99 Park Dr
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Time Finance Financials and Metrics

Time Finance Revenue

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Time Finance's revenue was reported to be £31.81 m in FY, 2019

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Time Finance's current market capitalization is £22.4 m.
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Time Finance Cybersecurity Score

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Time Finance Online and Social Media Presence

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Time Finance News and Updates

The Impact of Covid-19 on The Mental Health of BIPOC Children and Families Virtual Event on Saturday, June 19 at 1pm

Jamn 94.5’s Santi DeOleo to moderate The Impact of Covid-19 on the Mental Health of BIPOC Children and Families virtual event on Saturday, June 19 at 1pm. read more

BankMobile Technologies, Inc. and Megalith Financial Acquisition Corp. to Participate in SPACInsider Webinar on December 8th at 1pm ET and Attend 2020 Raymond James Technology Investors Conference

NEW YORK, NY, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Megalith Financial Acquisition Corp. (“MFAC”) (NYSE: MFAC, MFAC.W, MFAC.U), a special purpose acquisition company, announced today that it and BankMobile Technologies, Inc., a Pennsylvania corporation (“BankMobile”), will each participate in a webina…

Extra Crunch Live: Join a live Q&A with Max Levchin today at 1pm PDT/4pm EDT

Money makes the world go round, as the saying goes. But how and where we spend it are still very much up for grabs. One person who has been pondering that question and providing answers very successfully is Max Levchin, and we’re very excited to have him as our special guest today on Extra Crunch [……

Don’t miss today’s Startup Alley Ask Me Anything Session at 1pm PT

Today’s the day for all you early-stage startup founders to learn everything you’ve always wanted to know about Startup Alley but were afraid to ask (10 points if you get that pop culture reference). We’re live-streaming an Ask Me Anything session from the TechCrunch LinkedIn page today at 4 p.m. ET…

Join our conference call with immigration attorney Sophie Alcorn Tuesday at 1pm PDT

The world has been turned upside-down the past few weeks, with flight cancellations, global travel bans and a massive slowdown of worldwide commerce. For immigrants to the United States here on work visas, these are particularly ambiguous and challenging times. We’ve had prominent Silicon Valley imm…

Mizoram polls: 49% voter turnout recorded till 1pm

A voter turnout of 49 per cent has been recorded till 1 pm in the Mizoram Assembly elections being held on Wednesday.Voting in the single-phase polls began at 7 am and is scheduled to end at 4 pm.As many as 209 candidates are contesting to bag a seat in the 40-member Legislative Assembly. The Congre…
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Time Finance Blogs

Government-backed support available to SMEs

                  5th May 2020 In what continues to be an uncertain and unprecedented time for businesses, the Government and funders are doing everything they can to help and support SMEs...

Innovation and adaptation are key for SMEs

As the covid-19 pandemic presents unprecedented challenges, government guidelines to stay indoors and socially distance have dramatically changed the business landscape as we know it. With many businesses forced to close their doors to the public or...

Onepm Finance launch ‘Low Start’ repayment option to support small businesses

We are delighted to announce the launch of a new payment structure across our Leasing solution. ‘Low Start’ will enable SMEs to secure finance and invest in vital equipment in an affordable way during the covid-19 crisis...

We’re open for business

24th March 2020 In what is an uncertain and unprecedented time for businesses, we want to reassure you that we’re doing everything we can to support you and your clients through this difficult period. We understand that...

A message to our clients

We’re open for business and want to support you… 23rd March 2020 In what is an uncertain and unprecedented time for businesses, we want to reassure you that we’re doing everything we can to support you through...

Coronavirus: Important Announcement

Implementation of our remote working strategy 17th March 2020 The 1pm Group are committed to the wellbeing of our employees as well as supporting our customers, clients, suppliers, funders and business partners. We would like to take...
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Time Finance Frequently Asked Questions

  • When was Time Finance founded?

    Time Finance was founded in 1998.

  • Who are Time Finance key executives?

    Time Finance's key executives are Ian Smith, Mike Nolan and James Roberts.

  • How many employees does Time Finance have?

    Time Finance has 121 employees.

  • What is Time Finance revenue?

    Latest Time Finance annual revenue is £31.8 m.

  • What is Time Finance revenue per employee?

    Latest Time Finance revenue per employee is £262.9 k.

  • Who are Time Finance competitors?

    Competitors of Time Finance include iwoca, Mashreq Bank and BTV (Bank fuer Tirol und Vorarlberg).

  • Where is Time Finance headquarters?

    Time Finance headquarters is located at 2nd Floor, St James House, The Square, Lower Bristol Road, Bath.

  • Where are Time Finance offices?

    Time Finance has offices in Bath, Cardiff, Lowton, Manchester and in 1 other location.

  • How many offices does Time Finance have?

    Time Finance has 5 offices.