THE cost of living crisis is a boon for pawnbroker H&T – as more struggling people are forced to turn to the business for cash.
Demand “gathered momentum” in the last six months, the company said.
It helped profits to jump by almost a third to £8.8million.
Its pledge book – which includes short-term loans linked to customers’ belongings – grew 14 per cent to £114.6million.
Borrowers are taking out bigger loans, of about £423 each, compared with £405 in December.