S&U: Profits up 32%, impairments halved — and Advantage has 'got its va-va-voom back'

S&U PLC (LSE:SUS) chairman Anthony Coombs joined Proactive's Stephen Gunnion to discuss a strong financial recovery, with group profits up 32% and impairment charges more than halved. Coombs said Advantage, the motor finance arm, has emerged from two years of regulatory scrutiny with renewed energy — lending volumes are up sharply, credit quality has improved, and as he put it, the business has "got its va-va-voom back." Meanwhile, Aspen Bridging delivered record profits of £8.8 million, helped by new longer-term lending products that allow borrowers to transition from short-term bridges into extended financing. Looking ahead, Coombs sees demand for affordable motor finance remaining resilient and expects the property market to recover in the second half of the year — macroeconomic headwinds notwithstanding. For more insights like this, visit Proactive’s YouTube channel, like this video, subscribe, and enable notifications so you never miss an update. #SUplc #AnthonyCoombs #FinancialResults #MotorFinance #BridgingLoans #AspenFinance #AdvantageFinance #UKFinance #Investing #StockMarket #EarningsReport #BusinessNews #FinanceGrowth #Lending #ProactiveInvestors