A&B becomes first pawnbroker to join the BRC

Groundbreaking day as high street pawnbroker is granted membership

Albemarle & Bond Holdings announced today that it has become the first pawnbroking business to be granted membership of the British Retail Consortium (BRC).

The BRC membership, which covers Albermarle & Bond and Herbert Brown pawnbroking and jewellery stores, is another significant step in the changing perceptions of pawnbroking and it becoming a mainstream presence on the UK high street.

Story continues below

Albermarle & Bond chief executive Barry Stevenson said: "Achieving membership of the BRC is recognition of the important role pawnbrokers play in today’s economy – taking the space banks have freely vacated in customers minds. We operate a 21st century business that offers very high standards of value, convenience and service to its customers, in pleasant, modern and friendly retail environments.

"We are looking forward to working closely with the BRC to learn from and share best practice as well as educating the general public, media and government on the changing face of pawnbroking."

BRC director-general Stephen Robertson says: "Albemarle and Bond Holdings, through its two store formats, has a fast-growing customer base and impressive store rollout program. We welcome them as jewellery retailers and pawnbrokers into the BRC, as they play an increasingly important part in the economy of our local high streets."

The company, which offers secure pawnbroking services, alongside short-term loans, gold-buying, and jewellery retailing through a network of over 140 stores across the country, announced record profit this year as well as its 19th consecutive year of growth.