Ramsdens ‘highly confident’ for future after securing new £15m funding deal

Bosses at pawnbrokers Ramsdens say they are “highly confident” in the group’s growth prospects after seeing strong trading in the last five months.
The Middlesbrough business issued a trading update for the five months ended February 29, reporting growth across the company, which trades in core business segments of foreign currency exchange, pawnbroking loans, buying and selling of precious metals and jewellery retailing. The update, which comes ahead of its AGM, showed continued growth in its pawnbroking loan book, which increased by £400,000 over the period to reach £10.7m, while jewellery retail revenue was broadly flat.
It said the purchase of precious metals gross prof …