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Birmingham Post
Birmingham Post
Business
Coreena Ford

Ramsdens hails resilient pandemic performance despite falling profits and sales

Ramsdens Middlesbrough

North East pawnbroker Ramsdens has hailed a resilient performance despite seeing pre-tax profits tumble from more than £9.2m to £564,000.

Middlesbrough based Ramsdens - which has more than 150 stores around the UK - has posted full year accounts for the year ended September 30 2021 showing a fall in turnover from £72.5m for the previous 18 months to £40.7m.

Operating profit also fell, from £10.02m to £1.04m, and total comprehensive income was £366,000, down from £7.1m in the prior period.

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