Albemarle & Bond Store Loans | www.albemarlebond.co.uk
Albemarle & Bond is one of the UK’s leading pawnbrokers. They now use www.albemarlebond.co.uk for both this brand plus Herbert Brown. Both operate as trading names of Speedloan Finance Ltd. The collective network of branches is 114. It is not made clear what the current variation between the pair is. It does appear that there are around 20 Herbert Brown shops. This company was formed in 1840 and acquired in 2007 whilst the central company started out in 1983. Albemarle’s network has took on a major downsize. At their peak we believe they had upwards of 230 stores. It is lucky that they are still in operation having been rescued from administration by Promethean Investments back in 2014.
Their potential collapse was blamed on reckless expansion that wasn’t helped by a plunge at the time in gold prices. This firm has been unfortunate online as well on the high street. Back in 2012 they acquired EPDL (Early Pay Day Loans) in a £1.2 million deal. EPDL was rebranded as Cash Window that would struggle and eventually cease trading. A small handful of products are headlined on the www.albemarlebond.co.uk site such as cheque cashing, pawnbroking, travel money etc. There are no unsecured Albemarle & Bond loans available online or in-store. Historically, there was a personal loan in-store that was available from £100 to £1000 on terms spanning 12 and 18 months. On the secured side they also promoted the logbook lender Mobile Money online.
As it stands, the only type of lending is made through a secured pawnbroker loan. Their calculator shows £50 to £1000 on repayments of 1 to 6 months. For a single month they just ask for £9.99 per £100 that is a good deal. Unfortunately, they are seeking jewellery or a good watch to be used as security (no electrical items). Several branch listings were checked over and these had matched opening hours. Mon, Wed, Thu, Fri and Sat were all 9am to 5pm whilst Tuesday differed as 9.45am to 5pm. The same times were seen with Herbert Brown. Overall, online loans would be expected here. It makes you wonder if they will ever be able to close up the gap on H&T Who Fund Online as well as In-Store.