Time Finance Management
Management criteria checks 2/4
Time Finance's CEO is Ed Rimmer, appointed in Feb 2021, has a tenure of 3.92 years. total yearly compensation is £466.00K, comprised of 48.3% salary and 51.7% bonuses, including company stock and options. directly owns 1% of the company’s shares, worth €698.13K. The average tenure of the management team and the board of directors is 2.2 years and 2.6 years respectively.
Key information
Ed Rimmer
Chief executive officer
UK£466.0k
Total compensation
| CEO salary percentage | 48.3% |
| CEO tenure | 3.9yrs |
| CEO ownership | 1.0% |
| Management average tenure | 2.2yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| May 31 2024 | UK£466k | UK£225k | UK£4m |
| Nov 30 2023 | n/a | n/a | UK£4m |
| Aug 31 2023 | n/a | n/a | UK£4m |
| May 31 2023 | UK£359k | UK£220k | UK£3m |
| Nov 30 2022 | n/a | n/a | UK£2m |
| Aug 31 2022 | n/a | n/a | UK£2m |
| May 31 2022 | UK£236k | UK£220k | UK£1m |
| Nov 30 2021 | n/a | n/a | UK£2m |
| Aug 31 2021 | n/a | n/a | UK£2m |
| May 31 2021 | UK£193k | UK£54k | UK£2m |
| Feb 28 2021 | n/a | n/a | UK£994k |
| Nov 30 2020 | n/a | n/a | UK£211k |
| Aug 31 2020 | n/a | n/a | UK£883k |
| May 31 2020 | UK£400k | UK£160k | UK£2m |
| Feb 29 2020 | n/a | n/a | UK£4m |
| Nov 30 2019 | n/a | n/a | UK£6m |
| Aug 31 2019 | n/a | n/a | UK£6m |
| May 31 2019 | UK£221k | UK£175k | UK£6m |
| Feb 28 2019 | n/a | n/a | UK£7m |
| Nov 30 2018 | n/a | n/a | UK£7m |
| Aug 31 2018 | n/a | n/a | UK£7m |
| May 31 2018 | UK£258k | UK£160k | UK£6m |
Compensation vs Market: Ed's total compensation ($USD575.71K) is about average for companies of similar size in the German market ($USD465.65K).
Compensation vs Earnings: Ed's compensation has increased by more than 20% in the past year.
CEO
Ed Rimmer (52 yo)
3.9yrs
Tenure
UK£466,000
Compensation
Mr. Edward J. Rimmer, also known as Ed, has been CEO at Time Finance plc (formerly known as 1pm PLC) since June 2021. He has been an Executive Director of Time Finance plc (formerly known as 1pm PLC) since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.9yrs | UK£466.00k | 1.0% € 698.1k | |
| Chief Financial Officer | 7.7yrs | UK£353.00k | 0.71% € 496.5k | |
| Group Head of Operations | 1.3yrs | no data | no data | |
| Senior Compliance Manager | 1yr | no data | no data | |
| Head of Marketing | less than a year | no data | no data | |
| HR Manager | no data | no data | no data | |
| Managing Director of Invoice Finance | no data | no data | no data | |
| Head of Sales for North | no data | no data | no data | |
| Managing Director of Asset Finance | 3yrs | no data | no data |
2.2yrs
Average Tenure
Experienced Management: B5D1's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.9yrs | UK£466.00k | 1.0% € 698.1k | |
| Chief Financial Officer | no data | UK£353.00k | 0.71% € 496.5k | |
| Independent Non-Executive Director | 1.3yrs | UK£24.00k | 0.094% € 66.0k | |
| Independent Non-Executive Chairman | 3.8yrs | UK£62.00k | 0.040% € 27.9k | |
| Independent Non-Executive Director | 1.3yrs | UK£24.00k | no data |
2.6yrs
Average Tenure
52yo
Average Age
Experienced Board: B5D1's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/23 01:26 |
| End of Day Share Price | 2025/01/23 00:00 |
| Earnings | 2024/05/31 |
| Annual Earnings | 2024/05/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Time Finance plc is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Renton | Cavendish |
| Andrew Renton | Cavendish Historical (Cenkos Securities) |
| Derren Nathan | Hybridan LLP |