S & U PLC (LON:SUS)

Founded in the year 1938 in Birmingham, S&U plc is a leading UK-based company, which provides specialist motor finance and lending services. Now, its headquarters are in Solihull, United Kingdom. The shares of the company are traded on the London Stock Exchange, and were listed in 1961. It serves more than 60,000 customers across the UK, and its goal is to provide its customers the credit they deserve. The company aims at creating a high-quality portfolio to maximise the long-term returns for all its shareholders, while fulfilling the needs of its customers. S&U plc operates through its two trading subsidiaries, which are Advantage Finance and Aspen Bridging.

Advantage Finance was founded in the year 1999 and is at present among the top motor finance companies in the UK. It employs a skilled and talented workforce of 150 people and has delivered motor finance services to more than 180,000 customers. The main focus of Advantage Finance is on the non-prime used car market, which mainly offers cars for family purposes as well as work. It provides loans to its customers on HP basis with an upper limit of £15,000. The loyal customers of the company enable its expansion in the market through refinancing, but in addition to that, Advantage Finance also takes help of more than 40 internet and dealer brokers as well as direct dealers to capture the market. Advantage Finance is authorised by the Financial Conduct Authority and is an active member of the Finance and Leasing Association.

Aspen Bridging was founded in the year 2017 and it provides lending services for the rapidly growing short-term refurbishment and residential markets. Its pilot phase ended in 2018 and it has now attained the status of a fully fledged member of the holding company S&U plc. The company has an upper limit for lending, which is set at £5 million per deal, and offers £500,000 as an average loan amount. Aspen Bridging is an active member of The Association of Short-Term Lenders (ASTL).

Phoenix Global Resources plc follows a well-defined framework of corporate governance and aligns itself with the UK Corporate Governance Code 2018. The board of the company has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has an environmental, social and governance framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimise the impact of its business activities on the environment and create long-term value for the business as well as the wider community. It is also engaged in charities like NICE, and programmes for community service to help the disadvantaged section of the society, like supporting the Emily Jordan Foundation.