Summary
Prestige Pawnbrokers has reported pre-tax profits of approximately 115% over two years, with annual revenue exceeding £15m for the first time. The company's live loan book has grown by almost 50%, and it recorded nine months with revenues exceeding £1m in FY26, compared with just one such month two years earlier.
Founder James Constantinou said demand has shifted as people increasingly view pawnbroking as a way to unlock cash from valuable possessions without selling them, particularly luxury watches, jewellery and handbags. Second-hand luxury sales at Prestige have increased by more than 60% to £10m annually, driven by customers seeking premium items at lower cost.
Prestige operates eight stores across the country, including a Manchester branch. The business has transformed the traditional pawnbroking sector into a multi-million-pound enterprise by bringing a premium approach to the industry.
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Common questions
- What is this article about?
- Prestige Pawnbrokers has increased pre-tax profits by 115% over two years to a record performance, with revenue rising 54% to more than £15m, as more Britons use valuable possessions to access cash. The chain, which operates a Manchester branch, has seen its loan book grow by almost 50% and second-hand luxury sales rise by more than 60%.
- When was this published?
- This article was published on 24 September 2026.
- Who published this article?
- This article was published by Business Manchester.