Tag Archives: albemarle and bond

Albemarle & Bond bought out by private equity firm

Albemarle & Bond bought out by private equity firm

International investors led by Promethean take on 128 A&B branches. Pawnbroker Albemarle & Bond has been acquired by a group of international investors led by private equity firm Promethean Investments, saving 628 jobs across 128 stores. A joint statement from Promethean Investments LLP and the joint administrators of Albemarle & Bond at PricewaterhouseCoopers (PwC) said

Albemarle & Bond melts gold stock to raise funds

Troubled pawnbroker moves announcement of annual report to December. Burdened pawnbroker Albemarle & Bond has resorted to melting down gold stock in order to raise funds, according to a trading update released on November 27. The company said the impact of the competitive trading environment has continued to be a challenge, with no signs of

Albemarle & Bond defers covenant testing date

Pawnbroker says agreement shows it is working closely with the banks. Troubled pawnbroker Albemarle & Bond has agreed a further deferral of the company’s covenant testing dates until February next year, marking its second deferral since September 30. Albemarle & Bond has agreed with its lending banks to move the date to next year, giving

Albemarle & Bond fulfilling market expectations

Four month into financial year, group’s pledgebook is up 5.3% y-o-y. Albemarle & Bond has released a trading statement, outlining that four months into its financial year it is performing "in line with full year market expectations". The group’s pledge book at the end of October 2012 was 5.3% higher than at October 2011. Though,

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