Niche consumer and motor finance provider S&U has revealed an eight per cent rise in revenue and remains “confident for the future”.
Solihull-based S&U saw sales rise to £26.8 million in the six months to July 31, up from £24.8 million in the first half of last year.
The improvement in fortunes sent pre-tax profits up by 14 per cnet, to £7.3 million.
It came after the firm’s motor finance arm saw revenue increase by 14 per cent across the period, while home credit increased by five per cent.
In a statement, the firm said: “Whilst no business can be entirely insulated from the country’s economic tribulations, S&U continues to prosper as a result of close customer relationships and an ability to react to their needs and circumstances.
“We constantly work on ways to further improve this. That is why, UK PLC’s troubles notwithstanding, we remain confident for the future.”