1pm plc

What 1pm plc does

Time Finance plc, the operating brand referenced under the corporate entity 1pm plc, is an AIM-listed UK specialist business finance provider headquartered in Bath, England. The company offers five core funding products to UK small and medium-sized enterprises: Asset Finance (equipment financing and refinancing), Invoice Finance (advances against outstanding receivables), Business Loans (including the Xtra Time Loan facility), Vehicle Finance (commercial and fleet vehicles), and Multi-Product Solutions (combined facilities integrating multiple asset and invoice lines into a single relationship). Products are delivered under multi-year contracts with transaction/take-rate pricing that is quote-based and not publicly disclosed, with example facility sizes ranging from £75K for small asset finance deals up to £2.25m for confidential invoice finance lines.

The company operates a hybrid go-to-market model combining a regional in-house Business Development Team with a broad intermediary channel of brokers, IFAs, and accountants who introduce SME clients. Its geographic footprint is domestic UK only, served through local teams positioned regionally. Trade body memberships (NACFB, FLA, UK Finance) and accreditation with BBB and the UK government's Growth Guarantee Scheme for Asset Finance provide regulatory and channel credibility. Underlying technology is not publicly disclosed; there is no evidence of proprietary platforms, APIs, AI-driven underwriting, or differentiated technical infrastructure in the available data.

Revenue mechanics are built on transaction-based pricing across each lending product line, with relationship deepening through Multi-Product bundling that increases wallet share per client. Marketing reaches both end borrowers and intermediaries through content (Time Blog, case studies), organic social (LinkedIn, X, YouTube), SEO, and industry events. The customer base spans a long tail of UK SMEs across diverse sectors (steel manufacturing, knitwear, recruitment, cleaning, and others) with no apparent concentration in any single named account. Time Finance has accumulated multi-year industry recognition, including a 2023 Asset Finance Awards win, multiple 2025 Commercial Lending Awards, and a Best Companies 3-star workplace accreditation.

Name

1pm plc

Legal name

Time Finance plc

Website

https://1pm.co.uk

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Time Finance plc (referenced as 1pm plc) is an AIM-listed UK specialist SME lender offering asset finance, invoice finance, business loans, vehicle finance, and multi-product solutions to small and medium-sized businesses across the United Kingdom through direct and broker channels.

Ownership category

akta.pro rank

Product category

Commercial Finance / SME Lending

NAICS

Miscellaneous Intermediation (52391)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Working Capital Solutions (dynamic discounting, supply-chain payables/receivables) (FSABAIAJ)

akta.pro secondary industries

Trade Finance & Supply Chain Finance Platforms (FSAGAJAL), Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Commercial finance solutions
• SME lending services
• Asset finance
• Invoice finance
• Business loans

Headquarters

HQ city

Bath

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Finance: Financing for equipment purchases and refinancing of existing assets, enabling investment in vital equipment to make business happen.
2. Invoice Finance: Improving cashflow through confidential invoice finance facilities, allowing businesses to unlock cash tied in outstanding invoices.
3. Business Loans: Term loans including Xtra Time Loan facilities for business funding needs, enabling business plans to come to life.
4. Vehicle Finance: Specialized vehicle financing solutions for businesses, ensuring customers get a finance solution right for them.
5. Multi-Product Solutions: Combined facilities using multiple asset types to improve cashflow, typically combining invoice finance with asset finance and loans.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

1pm plc, trading as Time Finance, is a UK-based commercial finance provider delivering asset finance, invoice finance, business loans, vehicle finance, and multi-product solutions to small and medium-sized enterprises across the United Kingdom. The company offers flexible, tailored funding facilities designed to support business growth, equipment investment, cashflow management, and working capital needs. Services are delivered through a combination of direct customer engagement and an extensive intermediary network of brokers, IFAs, and accountants.

Product overview

Time Finance plc is an AIM-listed UK financial services company providing a unified portfolio of flexible funding solutions to British businesses. The offering consists of five core financial products: Asset Finance (for equipment investment and asset refinancing), Invoice Finance (for cashflow improvement through invoice advances), Business Loans (for general commercial funding needs), Vehicle Finance (for business vehicle purchases), and Multi-Product Solutions (a combined facility integrating multiple product types). These products are designed to work together as an integrated suite, enabling SME owners to access flexible financing tailored to their specific business goals, with local teams delivering personalized service.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Finance Financing facility for equipment purchases and refinancing of existing assets, enabling investment in vital equipment to make business happen. Targeted at UK SMEs needing equipment financing solutions.
• Invoice Finance Confidential invoice finance facilities that improve cashflow by unlocking funds tied in outstanding invoices, giving businesses the freedom to grow. Targeted at UK SMEs needing working capital solutions based on their debtor book.
• Business Loans Term loans including Xtra Time Loan facilities for business funding needs, designed to make business plans come to life. Targeted at UK SMEs requiring flexible term loan financing with flexible repayment structures.
• Vehicle Finance Specialized vehicle financing solutions for businesses, including cars, vans, and commercial vehicles (HGVs). Ensures customers get a finance solution tailored to their individual business needs.
• Multi-Product Solutions Combined financing solutions that utilise multiple assets within a business to improve cashflow, typically combining invoice finance with asset finance and loans. Targeted at UK SMEs needing integrated, tailored funding packages.

Quantifiable outcome

• Steel manufacturer rescued from administration and returned to profitability within facility term
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• NACFB (National Association of Commercial Finance Brokers)coreChannel Partner/ Reseller/ DistributorTime Finance is a member/accredited partner of NACFB, the primary trade body for commercial finance brokers in the UK. This accreditation is displayed on their website and supports broker confidence in the firm's lending capabilities.
• FLA (Finance & Leasing Association)coreChannel Partner/ Reseller/ DistributorTime Finance is a member of the FLA, the leading trade association for the asset finance, consumer credit, and motor finance sectors in the UK. FLA membership demonstrates commitment to industry standards.
• UK FinancecoreChannel Partner/ Reseller/ DistributorTime Finance is a member of UK Finance, the collective voice for the banking and finance industry. Membership supports the company's positioning as a trusted lender.
• BBB (Better Business Bureau)minorChannel Partner/ Reseller/ DistributorTime Finance displays BBB accreditation badge, indicating they meet BBB standards for trustworthiness and business practices.
• LWE (Leeds Woodhouse Environment) - LEAP InitiativeminorStrategic or Co-development PartnerTime Finance participates in the LWE LEAP initiative, a local enterprise and partnership program supporting business growth in the Leeds/Woodhouse area.
• Growth Guarantee SchemecoreStrategic or Co-development PartnerTime Finance participates in the UK government's Growth Guarantee Scheme for Asset Finance, providing government-backed support for SME lending and reducing risk for lenders to support business growth.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Funding Circle UK: Funding Circle is a UK SME lending platform (formerly marketplace, now balance-sheet) focused on small business loans. It competes with Time Finance's loan product and shares the SME target market, though it operates a more digital/automated model.
• Nucleus Commercial Finance: Nucleus is a UK SME asset finance and business loan provider operating with a strong broker-intermediated model similar to Time Finance, competing directly in the same funding categories and customer size segment.
• Aldermore Bank: Aldermore is a UK challenger bank with material asset finance, invoice finance, and SME lending franchises. It serves the same UK SME customer base and operates through similar intermediary channels as Time Finance.
• Praetura Commercial Finance: Praetura is a UK challenger SME lender offering asset finance, invoice finance, and loans — overlapping directly with Time Finance's product suite and North-West/Midlands SME target market.
• MarketFinance (now Market.co): MarketFinance is a UK invoice finance and business lending platform that directly competes with Time Finance's Invoice Finance product for UK SMEs, especially in tech-enabled origination.
• Paragon Bank: Paragon is a UK specialist lender with significant commercial finance and asset finance operations, competing directly with Time Finance in equipment finance and SME lending, with an overlapping broker-led distribution model.
• Close Brothers Group plc: Close Brothers is a UK-listed specialist lender offering asset finance, invoice finance, and SME loans — a near-direct overlap with Time Finance's product suite and target market. Both serve UK SMEs through intermediary channels and have AIM/LSE-listed structures.
• Bibby Financial Services: Bibby Financial Services is one of the UK's largest invoice finance and SME commercial lending providers, directly competing with Time Finance in invoice discounting and asset-based lending for UK SMEs via broker networks.

Broad incumbents

• HSBC UK (Commercial Banking): HSBC UK's Commercial Banking division is a major incumbent provider of SME loans, asset finance, and trade/invoice finance to UK SMEs. It competes with Time Finance across the same products but serves a broader customer spectrum including large corporates.
• Lloyds Banking Group (Business Banking): Lloyds is the largest UK SME banking franchise and competes broadly with Time Finance in SME loans, asset finance referrals, and invoice finance, though as a deposit-funded full-service bank with much broader capabilities.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/time_finance
• YouTubeyoutube.com/channel/UCZrkR3JlwgvwFlA0AtkjDKQ?
• LinkedInlinkedin.com/company/timefinance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1pm plc