Manchester firm backs Ramsdens in eighth investment

Manchester privated equity firm NorthEdge Capital has backed Ramsdens Financial Limited (Ramsdens), the UK’s largest independent pawnbroker.

Stockton-on-Tees-based Ramsdens employs 450 people and has more than 120 branches across North East England, Yorkshire, Scotland and Wales.

The investment from NorthEdge will allow the business to further develop its store portfolio, expand and grow its core products, and continue to provide customers with excellent service.

Andy Ball, partner and chief investment officer at NorthEdge Capital, director James Hall and investment director Tom Rowley led the deal. Andy and James join the Board as Non-Executive Directors.

James Hall, Director at NorthEdge Capital, said: “Ramsdens has a strong position in a niche and exciting part of the financial services market. It has doubled its store portfolio over the last three years, which provides the business with a robust platform from which it will continue to grow through its focus on transparency and excellent reputation.

“We join the company at a particularly exciting time. Increasing regulation in the marketplace is opening up new opportunities, while driving standards and practices ever higher, which is good news for Ramsdens. We look forward to working alongside the management team to drive the further growth of the business.”

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