Coronavirus: Ramsdens pulls down shutters on all UK sites

Ramsdens, which is best known for its pawnbroking activities and moved into Scotland in 2009, has closed all its 161 stores in the UK until further notice due to Covid-19.

Peter Kenyon, chief executive of Ramsdens – which is temporarily closing all 161 of its UK stores. Picture: Jon Savage.

The firm, whose activities also encompass foreign currency exchange, precious metals buying and selling and retailing of second-hand and new jewellery, said that as per its trading update on 18 March, it has a robust balance sheet, including about £10 million of cash and an undrawn £10m revolving credit facility.

The firm has has been in Scotland since 2009 where it has about 50 branches and 230 staff.

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Chief executive Peter Kenyon said: "The safety and wellbeing of our customers, colleagues and the wider community remains our top priority and we are doing what is best by them. We have been following government guidance throughout this unprecedented period and, following the most recent government instructions, yesterday we closed our shops until further notice.

“We look forward to once again opening our doors and serving all the local communities where we operate. Until that time, our jewellery website will remain active for our customers to browse our extensive range of new and second-hand jewellery and luxury brand watches."