UK: pawn line development of new business

Lift the pawn, people's traditional impression is: old shop stacked with all kinds of old boxes, counter display old clocks and watches, old jewelry, several pedantic dispensers, waiter and customer talk about the price. Britain's pawn shops for hundreds of years is also the case. But today, entering the 21st century, British pawn shops began looking for new ways to seek survival and development, pawn of the latest business including car rental and liquidation of debts and so on. Nathan ·, President of the national pawn Association, Finch, said, “ the old rules of pawn shops are changing. We live in a credit society, pawn, rental has become a way of borrowing. & rdquo; British National Pawnbrokers Association established in 1892, in the past five years, this old industry amount to borrow from 400 million pounds up to 500 million pounds, instead of falling number of association members; on the contrary, from 330 increased to 4.7. However, the data show, in need of personal financing, only 5% of British adults will consider to choose the pawnshop, than almost everyone will deal with banking terms, pawn is a potential weak, but the personage inside course of study of the pawn momentum of development have been very satisfied. In two of the nation's largest pawn & mdash; & mdash; arbor Marr & middot; bond and Harvey & middot; Thompson is listed companies, they have been in the British national set up about 150 chain stores. Since the 90s of the 20th century since listing, arbor Marr & middot; bond company's share price has risen by four times; in May this year, Harvey & middot; Thompson also listed in the second board market in London, successfully financing 18 million pounds, to repay the company's debts. Now Harvey & middot; Thompson company value at around 60 million pounds, the flag has 69 stores, and plans in the next three years and an additional 30 stores. Along with the development of the two ceremony which, some hundred years old is also stepping up the pace to be outdone. One of them has been a pawn of the British royal family of Sutton pawn shops are planning to expand the scale, for listing. And these momentum of development is very fierce pawn, just a few successful members of the British Association of pawn. In recent years, arbor Marr & middot; bond and Harvey & middot; Thompson, two British largest pawn also own valuation, cash checks, such as business moved to the Internet. Now, the pawn line of new business: borrowing and debt cleared, and the establishment of a chain service system in the country. In 1989, the British National pawn association to sum up their own over a hundred years of pawn experience, re established the company's charter. The new regulations are designed to help the member companies actively expand their business, to ensure that their company's behavior is effectively regulated, in the pawn, especially the financial services business to protect the interests of the public and so on. With the development of the times, the pawn of the old tree in the UK has been out of bud.