Published: August 17, 2026 at 8:29 am
A £55 million deal has been agreed which will take Time Finance plc private after 20 years as a listed business.
The board of the Bath-based alternative finance company, which was founded in 2000 and listed in London in 2006, has agreed a takeover by private lender Ultimate Finance.
Bentley Park (UK) Limited, the parent company of Ultimate Finance, has seen its offer of 59.1 pence in cash accepted. It values the entire issued share capital of Time Finance at £55.13m.
The offer represents a premium of approximately 12.6% to the closing price of 52.50p on Friday.