S&U - Looking towards a resumption of growth
The typical 52-month original term of S&U’s Advantage motor finance loans means that it takes time for the benefit of tighter credit criteria to flow through fully and there is also a time lag before a revival in loan growth is reflected in earnings; however, both are now in prospect. Aspen property bridging is also at a point where growth may accelerate, subject to market conditions. Taken together, we estimate this could allow the group to regain revenue and profit levels approaching those of FY20 by FY23.S & U is engaged in the provision of consumer credit and car finance throughout the United Kingdom.
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