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Surge of car finance customers underlines encouraging trends at S&U says chairman

Anthony Coombs, chairman of car finance group S & U PLC (LON:SUS), told Proactive that it has seen a surge of new customers since February.

S & U tightened its lending criteria last year and it is now seeing the benefit, said Coombs.

Loan quality is improving, he adds, with lower impairments and faster collections.

Property finance arm Aspen is also going well with a record pipeline of applications.

Overall, the trends are very encouraging said Coombs in spite of an uncertain economic backdrop.

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Price: 1520 GBX

LSE:SUS
Market: LSE
Market Cap: £184.23 m
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S & U PLC focused on accelerating profit growth next year

S & U PLC’s (LON:SUS) Anthony Coombs tells Proactive London's Andrew Scott that recent trading's 'generally been very good'. ''It's not trading at record levels but given the uncertainty that we're seeing in the economy generally and the general growth rate and levels of consumer...

on 20/12/19

2 min read