15 Feb 2021
S&U - Planning for a significant rebound
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.
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S&U - Planning for a significant rebound
S&U plc (SUS:LON) | 1,872 -187.3 (-0.5%) | Mkt Cap: 227.5m
- 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.