S&U plc (GB:SUS) has released an update.
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S&U PLC, a specialist in motor and property finance, reports diverging trends in its business units, with Aspen Bridging experiencing strong growth and Advantage Finance facing a period of consolidation due to regulatory challenges. Despite a tougher regulatory and economic environment, S&U is optimistic about a recovery in the motor finance sector following constructive negotiations with the Financial Conduct Authority. The company anticipates a rebound in Advantage Finance’s profitability in the latter half of the year, while Aspen Bridging continues to achieve record profits and growth.
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