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

Published: 07:05 24 May 2019 EDT

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.

S & U plc looking to diversify with new bridging finance pilot

Motor finance company S & U Plc (LON:SUS) will spend up to £20mln investing in a new pilot property bridging finance business over the next 18 months if it deems it worthwhile. So says chairman Anthony Coombs, talking to Proactive,  after the company  posted six month results to the end...

on 09/29/2016