Tag Archives: pawnbroking

Mays Pawnbrokers celebrates 190th anniversary as web offer flourishes

Mays Pawnbrokers and Jewellers in Manchester is celebrating its 190th anniversary having successfully adapted to the digital era with a bricks-and-mortar and online offering.  The company launched its first website under the name William May in 2014, focusing on vintage jewellery and pre-owned watches. Managing director Nick Withington (pictured) has been instrumental in turning the

Minister backs Pawnbrokers in fight against crime

Public support from Lynne Featherstone MP for Gold Standard scheme. The Minister for Crime Prevention, Lynne Featherstone MP, has backed the work of members of the National Pawnbrokers Association (NPA) is ensuring crime is tackled across all local communities. The public support came after a series of steps by the NPA – further to discussions

FOCUS: How pawnbroking is targeting new audiences

Trade grows 8% as taboos are broken and new consumers are reached. The UK pawnbroking industry has grown 8% in recent years, as asset-rich but cash-poor individuals use what’s sitting in the safe for monetary loans. Now, with TV shows and advertising campaigns pitching pawnbroking to consumers of all ages and socio-economic background, three industry

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

NPA welcomes new FCA consumer credit regime

The FCA will have more authority to act against law breakers. The National Pawnbrokers Association (NPA) and its members have officially begun operating under the Financial Conduct Authority’s (FCA) new regime for regulating consumer credit. The NPA is working with the pawnbroking industry to ensure compliance with the new FCA Sourcebook (CONC). This differs in

H&T group profit drops 60% to £6.7m in 2013

But pawnbroker’s retail sales remained resilient in tough environment. Pawnbroker H&T Group has released its preliminary results for the year ended December 31 2013, with group profit before tax falling 60.6% to £6.7 million but retail sales climbing 23.9% to £24.9 million. According to the results, H&T’s group profit totalled £49.9 million in 2013, a