Pawnbroker’s based at Wakefield’s Merchant Gate scheme goes into administration

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A cash-for gold pawnbroker’s which moved its headquarters to Wakefield’s Merchant Gate development in 2011 is facing job losses after going into administration.

A decline in gold prices has forced Albemarle and Bond, which is Britain’s second largest pawnbroker and employs 900 people UK-wide, to call in administrators from PricewaterhouseCoopers (PwC).

PwC said redundancies were possible after efforts to turn the business around, which included closing 40 pop-up shops over the last six months, proved unsuccessful.

 

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