Buyer sought for struggling pawnbroker

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STRUGGLING pawnbroker Albemarle & Bond has put 
itself up for sale following a string of profit warnings and a mass exodus of its board directors.

Britain’s second biggest chain of pawnbrokers, which recently admitted it had resorted to melting down gold items to stay within its lending limits, announced the sale plans yesterday, saying it believes the move is in the “best interests of the company’s shareholders”.

Hunter Kelly, EYs head of restructuring for Yorkshire and the North East

Profit warnings rocketed in region over last quarter, says EY