The Money Shop to open 50 new stores
Nottingham-based pawnbroker The Money Shop plans to open 50 stores this year, creating 330 jobs.
The short-term lender claims it has had its busiest ever January – traditionally a good month for the company.
Head of pawnbroking Neil Surgenor said: "We have witnessed an influx of people who have been refused credit by their banks and are unable to take out unsecured loans.
"Negative connotations of the pawnbroking industry are declining and a post-ebay generation has emerged, that is more open to pawning. They see it as just another way of borrowing."
The Money Shop's parent company, Dollar Financial UK, operates online lending services through its PaydayUK and Payday Express brands; business loans, through Merchant Cash Express; jewellery and pawnbroking through its specialists at Suttons and Robertsons in London, Duncanson and Edwards in Edinburgh and Robert Biggar in Glasgow.
It employs more than 2,100 staff.
