S & U 2017 final results
Key Financials:
· Revenues up 32% at £79.8m (2017: £60.5m)
· Profit before taxation up 20% at £30.2m (2017: £25.2m)
· Basic earnings per share up 19% at 203.8p (2017: 170.7p)
· Proposed final dividend up 6p to 45p (2017: 39p); total dividend in respect of the year increased by 15% to 105p (2017: 91p)
· Strong balance sheet:
o Net receivables increased by 35% to £262.1m (2017: £193.5m)
o Investment in motor finance and in the launch of Aspen Bridging increased yearend net borrowings to £105.0m (2017: £49.2m)
o Committed funding facilities increased to £135m post yearend giving good headroom
