Teesside firm Ramsdens hits 'milestone' as profits top £10m for first time

Pawnbroking chain Ramsdens has returned profits above £10m for the first time in its history after a big rise revenues. Annual results from the Middlesbrough-based firm show that its revenue for the year ending September 2023 rose 27% to £83.8m. Over the same period, profit before tax increased 22% to £10.1m - something the firm’s chief executive called a ‘milestone’ figure. The firm, which now has 165 outlets around the UK and employs nearly 800 people, has increased its dividend to shareholders. It said current trading was in line with expectations and there were “significant opportunities to grow each of its income streams”. :…