Pawnbroker

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Pawnbroker

A person who engages in the business of lending money, usually in small sums, in exchange for Personal Property deposited with him or her that can be kept or sold if the borrower fails or refuses to repay the loan.

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In addition to pawnbroking and gold buying, the company sells high-quality new and pre-owned gold and silver jewellery in its stores, as well as offering a range of other financial services including pay day advances and Speedloans.

Store expansion is golden opportunity

The company said: "The pawnbroking industry itself continues to benefit from the rising gold price and a wider recognition in the UK of gold as a source of value, particularly in these times of economic uncertainty.

Pawnbroker H&T lifted by rocketing price of gold

Mr Salmon doesn't envisage mass use of pawnbroking, but said cash flow is a major issue for small businesses is thanks to delayed payments.

Firms turn to pawnbrokers to pay the bills; Assets used in times of cash trouble

He is keen on making pawnbroking socially acceptable.

Ramsdens reveals plan to double its operation; FINANCIAL SERVICES

H&T said profits for 2010 should exceed the upper end of market expectations of pounds 26m after consumers increasingly turned to its pawnbroking and Gold Bar jewellery buying outlets.

New stores help boost profits for H&T Group

The nationwide group said income from pawnbroking grew 11 per cent, cheque cashing was up by seven per cent and pay day advances fattened by five per cent while a one per cent drop in retail sales was offset by improved margins.

Back to business for pawn shops

CEO Peter Kenyon said the company's 2011 turnover was over pounds 54m, giving them a year on year growth of 52% While Ramsdens, which has 30 outlets in the North-east and Yorkshire, has experienced improved performances across most of its product streams, it recorded a record increase in pawnbroking loans.

Ramsdens hits pounds 50m

PAWNBROKING businesses have expanded in the wake of bank branch closures across Yorkshire, according to a report.

More of us are going for broke

Gold prices have surged above pounds 600 an ounce this year, boosting scrap prices and leading to a 30 per cent jump in revenues from the main pawnbroking business.

PEOPLE looking to cash in [...]; Business IN BRIEF

Report co-author Professor Elaine Kempson said: 'People who are not familiar with pawnbroking may be surprised both by the extent to which it is regulated and by the steps taken by the industry itself to ensure responsible lending.

Pawnbroker shops are closing; Customers like it because it is a non-judgmental, a quick and easy transaction and it is relatively cheap against other kinds of borrowing John Nichols

THE pawnbroking industry traces its roots back to Ancient Greece but in 21st Century recession-hit Britain, it is one of few sectors on the high street that is in rude health.

CASH FOR GOLD; As credit dries up in the wake of the economic crisis, more and more people are turning to pawnbrokers to get cash quick and protect their credit rating. But is the industry giving people value for money? RACHEL WEARMOUTH investigates Rise of the pawnbroker

The company, which offers payday loans and gold-buying as well as traditional pawnbroking, said that it expected its profits for this year to be "above the top end of current market expectations" of around pounds 20million.