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An update from S&U plc ( (GB:SUS) ) is now available.
S&U plc, despite facing challenges in the UK financial services industry, has maintained its overall net receivables largely due to the strong performance of its property lender, Aspen Finance. The company is navigating a difficult market climate exacerbated by a Court of Appeal decision and a poorly received government budget, which have impacted consumer and business confidence and slowed growth. Advantage Motor Finance has seen a decline in net receivables and profit, influenced by regulatory challenges and opportunistic claims. Conversely, Aspen Finance has thrived, exhibiting significant growth in advances and profit, driven by an increase in bridging lending and a stable market position. S&U continues to focus on responsible lending and maintaining access to fair credit amidst regulatory and market challenges.
More about S&U plc
S&U plc operates as a specialist financier in the motor and property sectors, focusing on providing financial services within the UK. The company is known for its diversified offerings, particularly through its subsidiaries Advantage Motor Finance and Aspen Finance, which cater to motor finance and unregulated property finance markets, respectively.
YTD Price Performance: -30.74%
Average Trading Volume: 6,245
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £172.5M
For detailed information about SUS stock, go to TipRanks’ Stock Analysis page.