Overview

• H&T's pre-tax profits rose to £9.9 million in the first half of 2024, a 12.5% increase from the previous year.
• The company's lending business saw a 14% rise, reaching £146 million, amid a lack of regulated small-sum credit options.
• Entrepreneurs and small business owners are increasingly pawning personal items due to tightened bank lending criteria.
• Jewellery and watch sales surged by 27%, contributing significantly to H&T's revenue growth.
• H&T benefits from elevated gold prices and increased demand for foreign currency services.