Time Finance (TIME): Offer for the company
This situation live
TIME Time Finance
17 Aug 2026 · offer · 59.1p · +0% until the next step
the Combined Group would be well-positioned as a significant independent alternative lender with a combined net loan book size of nearly £650 million
2 Sep 2026 · offer · +1% until the next step
The Scheme is also subject to the satisfaction or waiver of the Conditions and further terms that are set out in the Scheme Document.
1 Oct 2026 · approved · 0.3% below the offer · +2% since
The outcome of today's Court Meeting and General Meeting means Conditions 2(a) and 2(b) have been satisfied.
Offer for the company
approved · 0.3% below the offer
Offer59.1p in cash
Premium+13% on 52.5p
Spread now+0.3% to the offer
Boardrecommends
Irrevocables47.36%
BidderBentley Park
As of 1 Oct 2026 ↗
Next: scheme expected to become effective the fourth quarter of 2026
Every step · 3
- 17 Aug 2026 offer · 59.1p – the Combined Group would be well-positioned as a significant independent alternative lender with a combined net loan book size of nearly £650 million ↗
- 2 Sep 2026 offer – The Scheme is also subject to the satisfaction or waiver of the Conditions and further terms that are set out in the Scheme Document. ↗
- 1 Oct 2026 approved · 0.3% below the offer – The outcome of today's Court Meeting and General Meeting means Conditions 2(a) and 2(b) have been satisfied. ↗
What is happening
Time Finance: Offer for the company – approved · 0.3% below the offer. ['approved']
- In short
- Own-book growth had produced a record £250m gross book and 20 consecutive quarters of growth by 31 May 2026, against a £300m-plus target for May 2028. The recommended 59.1p cash offer supersedes the standalone plan if it completes. Shareholders approved the Scheme on 1 October 2026; audited FY results are expected in November 2026.
- Announced
- 17 Aug 2026 · offer · 59.1p
- Latest
- 1 Oct 2026 · approved
- Approval needed
- Majority in number and 75% in value at Court Meeting; Resolution at General Meeting; Court sanction
- Meetings
- Court Meeting 10.00 a.m. and General Meeting 10.15 a.m. on 1 October 2026; proxies by 29 September
- Timetable
- Timetable unchanged: Scheme expected effective in Q4 2026; Long Stop Date 28 February 2027
- Conditions
- Includes the FCA Regulatory Condition and Court sanction
- Offer
- 59.1p cash per share, about £55.13m fully diluted, by Court-sanctioned scheme of arrangement
- Court Meeting
- 90.47% of Scheme Shares voted in favour; 28 of 39 holders (71.79%) in favour, on 1 October 2026
- General Meeting
- Special resolution passed with 90.84% of votes in favour on 1 October 2026
- Conditions met
- Conditions 2(a) and 2(b) satisfied; FCA Condition and Court sanction remain
What comes next
scheme expected to become effective the fourth quarter of 2026.
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Also at Time Finance
Time Finance’s purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities. It offers a multi-product range for SMEs primarily concentrating on Asset Finance and Invoice Finance.
Time Finance – company page →