Motor finance provider S&U (LON: SUS) has prospered where less sensible competitors have fallen foul of their overambition and lack of controls. The core motor finance business has 19 years of consistent growth and the group has started up a new growth business.
S&U provides finance to buyers of used cars. The new car market has slumped over the past couple of years, but the used car market has held up. S&U has always had a prudent approach to its lending but there were additional difficulties last year as some borrowers were hit by income concerns.
2018-19 figures
In the year...
