Lockdowns have held back the level of S&U’s motor finance transactions and receivables, but property bridging has seen a stronger end to the year than expected. Both businesses report strong demand and for motor finance the benefits of tighter credit criteria and a prospective recovery in lending volumes should become progressively more apparent during FY22 and FY23.
15 Feb 2021
S&U - Planning for a significant rebound
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S&U - Planning for a significant rebound
S&U plc (SUS:LON) | 1,750 -175 (-0.6%) | Mkt Cap: 212.6m
- Published:
15 Feb 2021 -
Author:
Andrew Mitchell -
Pages:
6 -
Lockdowns have held back the level of S&U’s motor finance transactions and receivables, but property bridging has seen a stronger end to the year than expected. Both businesses report strong demand and for motor finance the benefits of tighter credit criteria and a prospective recovery in lending volumes should become progressively more apparent during FY22 and FY23.