Credit where it’s due as S&U reveals financial success

SOLIHULL-based motor finance and home credit provider S&U has seen revenue increase by 21% and profit before tax leap by 28%.

Announcing its interim results for the six months ended July 31, S&U revealed profit before tax of £11.3m (H12013: £8.8m) and revenue of £34.7m (H12013: £28.6m).

During the period S&U saw a 73% increase in the number of motor finance loan transactions and a 12% increase in home credit sales.
 
Anthony Coombs, chairman of S&U, said:  “The gradual recovery in the economy has seen a distinct improvement in consumer confidence which has justified the significant investment we have made in both our motor finance and home credit divisions. 

“By continuing to keep our customers at the centre of everything that we do, we are seeing that investment bears fruit. With hard work and attention to detail we are confident that it will continue to do so.”