With economic recovery buoying demand for credit, sub-prime lender S&U (SUS) has continued to make robust progress. Indeed, the group's pre-close trading update earlier this month - released in advance of half-year figures on 24 September - reported solid growth for the six months to the end of July.
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Management said that the group's motor finance unit, Advantage, had continued to trade at "record levels", with advances at more than £18m above that seen in last year's period. The unit's credit quality was described as "the best ever", too. Meanwhile, the home collected credit arm is benefiting from having opened three new branches and from improved consumer confidence.
