Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from S&u Plc
[{"type":"text","content":"\n\n12 August 2025\nS&U plc\n(\"S&U\" or \"the Group\")\nTrading Update and Notice of Results\nS&U PLC (LSE: SUS), the specialist motor and property finance lender, today issues its trading update for the period from its AGM statement on 18th of June 2025 to 31st of July 2025. The Group will announce its half year results on Thursday 9th of October 2025.\n \nJust two months ago, in our AGM statement, I said that my cautious optimism in April was being clearly justified as the S&U corporate tanker turned. Since then, these favourable trends have continued and even accelerated; they have been accompanied by external events, most notably the Supreme Court decision on motor finance commissions of a fortnight ago, which will add confidence and stability to the markets we serve and therefore attract investment into them.\n \nAs a result, the expected resurgence in profitability for the Group is beginning to materialise and is expected to gain momentum in the second half of the year.\n \nAdvantage Finance\nReflecting a gradual revival in the used car market nationally for which FLA figures showed a 6% increase in volumes in June year on year, Advantage has outpaced this in the last quarter. Following the ending of the FCA s166 investigation earlier in the year, advances have recovered to exceed budget at £70.6m at half year. In addition, the hiatus in collections brought about by this investigation has dissipated as repayment rates return to nearly 90% year-to-date, and customer service levels and productivity rise.\n \nThe environment in which Advantage operates has also improved. The Chancellor's emphasis in her recent Mansion House speech on a regulatory regime for financial services which encourages growth, does appear, albeit at an early stage, to have had an effect. If persisted in, this will provide the consistency and certainty for which we have long called and will attract capital investment into motor finance thus sharpening competition and benefiting customers.\n \nCentral to this was the Supreme Court decision to reverse that of the Court of Appeal of a year ago on motor finance commissions. Rejecting the idea that there is a fiduciary relationship (shared by the lender) between broker/dealer and customer, was both good common sense and minimises the risk of contagion to other consum...