S&U’s car finance business, Advantage, continues to make strong progress and has recorded compound annual growth in customer receivables of 34% in the last five years. The business is set to remain the principal growth driver for the group, but S&U has identified secured bridging finance as a potentially attractive area in which to deploy some of its lending capacity and plans to launch a pilot business by the end of 2016. If fruitful, this business would provide both diversific
12 Oct 2016
Motor finance drives growth, bridging an option
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Motor finance drives growth, bridging an option
S&U plc (SUS:LON) | 1,872 -187.3 (-0.5%) | Mkt Cap: 227.5m
- Published:
12 Oct 2016 -
Author:
Andrew Mitchell -
Pages:
7
S&U’s car finance business, Advantage, continues to make strong progress and has recorded compound annual growth in customer receivables of 34% in the last five years. The business is set to remain the principal growth driver for the group, but S&U has identified secured bridging finance as a potentially attractive area in which to deploy some of its lending capacity and plans to launch a pilot business by the end of 2016. If fruitful, this business would provide both diversific