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28th September 2021 S & U PLC ( " S & U " or " the Group " ) INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JULY 2021 Back on track and driving forward S & U , the specialist motor and property bridging finance lender announces today its results for the six months ended 31st July 2021. As the legacy of Covid gradually fades and brightening skies appear , S & U is robustly back on track and driving forward to our usual standard of profitable , sustainable growth . Financial Highlights Profit before tax : £ 19.9m ( H1 2020 : £ 6.3m ) Earnings Per Share : 133.1p per share ( H1 2020 : 41.9p ) Net Group Receivables : £ 306.4m ( 31 July 2020 : £ 281.9m ) - up 9 % First interim dividend : 33p per ordinary share ( H1 2020 : 22p ) Group Gearing at 61 % ( 31 July 2020 : 62 % ) - Group facilities increased to £ 180m giving £ 65m headroom for growth . Operational Highlights Advantage Finance Limited • Profit before tax : £ 18.5m ( H1 2020 : £ 6.1m ) • New net loan advances up 35 % year on year at £ 68.3m ( H1 2020 : £ 50.7m ) • Total first half collections up 14 % at £ 100.2m ( H1 2020 : £ 87.9m ) with record Q2 basic live collections • New customer payment portal and underwriting refinements through Open Banking links . Aspen Bridging Limited • Profit before tax : £ 1.5m ( H1 2020 : £ 0.1m ) New net loan advances £ 56.5m ( H1 2020 : £ 9.9m ) Excellent repayments and book quality with only one current default Receivables book grows from £ 34.1m to £ 57.7m in first half- up 69.2 % Anthony Coombs , Chairman of S & U commented : " As the old saying goes , the finest steel goes through the hottest fire . The Covid induced tribulations of the past year have seen S & U emerge more profitable , more competitive and more attuned to our customers ' needs . Add to that the buoyant markets in which we operate , our strongest ever financial base and our loyal and committed workforce , and prospects for the future are bright indeed . " Enquiries : S & U Plc Anthony Coombs , Chairman Newgate Communications Bob Huxford , Tom Carnegie , Megan Kovach Peel Hunt LLP Adrian Trimmings , Andrew Buchannan , Rishi Shah 0121 705 7777 020 7653 9848 020 7418 8900 1