International law firm Simmons & Simmons has advised Time Finance plc on the proposed recommended cash acquisition by Bentley Park, the parent company of specialist lender Ultimate Finance.
The offer, to be made under the UK Takeover Code, values Time Finance at approximately £55.13 million, and is expected to create a further scaled, multi-product UK SME lending platform combining two businesses with complementary capabilities and geographic footprints with a combined net loan book of nearly £650 million.
Founded in 2000 and admitted to trading on AIM in 2006, Time Finance is an award winning non bank alternative finance company providing UK businesses with flexible funding solutions, including asset finance, invoice finance, business loans and asset based lending.
The acquisition is expected to be implemented through a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The transaction is subject to customary approvals (including FCA approval) and is expected to complete in Q4 2026.
Cavendish Capital Markets Limited and Interpath Ltd acted as financial advisers to Time Finance.
The Simmons & Simmons team advising Time Finance was led by corporate Partners Sean Geraghty and Mark Chivers, with support from Managing Associate Holly Vaudry and Supervising Associate Hannah Maxwell.
