Consumer credit lender S&U (SUS) is upbeat on trading in the four months to the end of May, with a 29 per cent jump in receivables at Advantage Finance, the motor finance business that's now the biggest part of the group. Moreover, customer numbers grew to a record and collection levels are better than ever.
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Trading on the home loan side was more subdued, with advances down 3 per cent and collections by 2 per cent. Yet this was a resilient performance, given strong trading in the previous year. Furthermore, new products have recently been introduced, including a pre-paid debit card. Broker Arden Partners is maintaining full-year estimates of £13.5m pre-tax profits and EPS of 86.1p.
