Pawnbroker opens first Welsh store
0 Comments | South Wales Evening Post, May 19, 2010
THE UK’s largest independent pawnbroking business has opened its first outlet in Wales.
The Neath store of Ramsdens Financial is the first of several planned for South Wales in the coming weeks.
It will open another branch in Port Talbot in June as well as launching further outlets in Merthyr Tydfil and Cardiff. As well as traditional pawnbroking, the chain sells, repairs, buys and values jewellery as well as offering cheque cashing, payday loans and foreign currency.
Ramsdens bought a Scottish group of jewellers in February last year and now has 16 outlets there out of its 59 nationwide.
The firm’s chief executive officer Peter Kenyon said: “This is proving to be a boom period for pawnbroking and gold buying which are our two main services.
“The reception we have received in Scotland over the last year has given us the confidence to expand into Wales where I am sure we will be equally welcomed, if not more so.”
The Neath shop, in Angel Street, will be managed by local woman Judith Ireland who will oversee two staff.
Ramsdens was founded in the North East of England by the father of its current executive chairman, Stewart Smith.
In September last year the company became the first high street pawnbroker to set up an online service in the UK.
