0 £0.00
This item was added to your basket
Credit Strategy homepage

Dear visitor,
You are viewing 1 of your 1 free articles

We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Pawnbroker Ablemarle & Bond Herbert Brown ceases trading

Nearly 400 jobs are at risk after pawnbroker group Ablemarle & Bond Herbert Brown announced is has ceased trading.

Share on LinkedInShare on TwittereCard

In a statement on its website, the company told customers, who pawn items for short-term cash, that their items would be held at its pawnbroking centre for the duration of their loan.


While it gave details on how customers can retrieve their items or receive funds for items sold for a surplus, it did not give any detail on the future of its 116 stores across the UK.


“If you do not redeem your loan on the agreed date your pledged item(s) may be sold in accordance with your pawnbroking agreement,” the company said.


“If your item is sold for a surplus, we will write to inform you how you can receive these funds.”

Ablemarle & Bond Herbert Brown’s struggles follow the collapse of Instant Cash Loans, which owned The Money Shop, in June.


It is owned by Speedloan Finance, which, according to its most recent filings with Companies House, had a loan book of £14.4m in the year to March 31, 2018 and revenues of £34m. Both were down from the previous year when the loan book stood at £15.2m and overall revenues were £38m.


Its ultimate owner is a Japanese company, Daikokuya Holdings, which is listed on the Tokyo stock exchange and also has a pawnbroking business in Japan.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.


Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group