Business description

S&U’s Advantage motor finance business lends on a simple hire purchase basis to lower- and middle-income groups that may have impaired credit records which restrict their access to mainstream products. It has c 54,000 customers currently.

Growth as promised, more to come

Update | Financials | 31/03/2015

S&U has been promising excellent growth and in FY15 it delivered even more than was expected. Pre-tax profits were up 34% and EPS was up 38% on FY14. This was driven by a 48% increase in motor advances and home credit, which has been stable for many years, delivered an 11% increase in advances on a 7% increase in customer numbers. Funding continues to be prudent (gearing 66%) and a deposit licence is being sought. We expect modest consensus upgrades.

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Stock data

Market cap.£268.6m
Last close2240.000p
High / Low (52 weeks)2420.0p / 1883.5p
Stock market listingLN
Forecast net cash (£m)97
Forecast gearing ratio (%)N/A

Price performance

Relative *2.82.0(0.3)

* % Relative to local index

Company news


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