S&U’s core non-prime motor finance business, Advantage, has delivered 18 consecutive years of profit growth, including a 20% increase in FY18. A mix change towards higher-risk customers meant a higher rate of impairment but the risk-adjusted return on receivables only declined slightly and, looking ahead, should be at least stable following a tightening of criteria. Meanwhile, the scope for profitable receivables growth seems good given a market share of c 1% and, separately, the pr
12 Apr 2018
S&U - Set for further growth with tighter credit criteria
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S&U - Set for further growth with tighter credit criteria
S&U plc (SUS:LON) | 1,872 -187.3 (-0.5%) | Mkt Cap: 227.5m
- Published:
12 Apr 2018 -
Author:
Andrew Mitchell - Pages:
S&U’s core non-prime motor finance business, Advantage, has delivered 18 consecutive years of profit growth, including a 20% increase in FY18. A mix change towards higher-risk customers meant a higher rate of impairment but the risk-adjusted return on receivables only declined slightly and, looking ahead, should be at least stable following a tightening of criteria. Meanwhile, the scope for profitable receivables growth seems good given a market share of c 1% and, separately, the pr