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Market: LSE
Sector: General Financial
EPIC: SUS
Latest Price: 730.00p  (-0.68% Descending)
52-week High: 792.50p
52-week Low: 547.50p
Market Cap: 85.75M
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S & U Plc
www.suplc.co.uk

S&U PLC is the United Kingdom's foremost niche consumer and motor finance provider.
Based in Solihull in the West Midlands it has operations throughout the United Kingdom from Edinburgh to London to Grimsby to Falmouth in Cornwall. It provides work for nearly 800 people and is proud to provide 140,000 people throughout the country with their consumer and motor finance requirements.

S & U 's motto is to provide Britain's "foremost consumer and motor finance service for its customers". We continually strive to achieve that ideal and the results are benefiting our customers, our employees and of course our shareholders.

Full S & U Plc profile here
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S&U upbeat as customer numbers rise

9th Dec 2011, 7:31 am by Philip Whiterow S&U saw motor customers rise by 12%

Credit provider S&U (LON:SUS) said today current trading is strong despite the problems affecting the wider economy.

Both its home credit arm Loansathome4u and motor finance business Advantage saw customer numbers rise in the four months to December 8.

In home credit, customers rose by just under 2% compared to this time last year. Debt quality also continues to improve, the firm said, with the group confident about the Christmas season.

In motor finance, customer numbers are over 12% up on last year and despite some lenders returning to the market, sales growth is strong and margins have improved S&U said.

It added that Advantage's debt quality is at its highest level ever, while monthly customer repayments now average a regular £2.5 million and impairment rates continue to fall.

Overall, group borrowing fell in the quarter with good collections and cost control enabling it to repay a medium term loan ahead of schedule.

Chairman Anthony Coombs, said: "Whilst it would be unwise in the current economic climate to take Christmas sales and collections for granted, current trading is strong and underpinned by a solid financial base. Expectations and group morale are high."

Loansathome4u provides home credit via 500 agents across the UK, while Advantage employs over 70 people and has provided motor finance for over 40,000 customers across the country.

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