Albemarle & Bond Jewellers & Pawnbrokers Limited and Herbert Brown & Son Limited - both formerly in Administration and Albemarle & Bond Holdings Plc - in Creditors' Voluntary Liquidation ("ABHP") (together "the Companies")

Mike Jervis, Peter Dickens, Toby Underwood and Stuart Maddison were appointed as joint administrators (“the Administrators”) of the Companies on 25 March 2014. The Companies trade as Albemarle Bond and Herbert Brown.  

The group is the second largest pawnbroker in the UK, serving over 100,000 customers.  It provides a wide range of services for customers looking to access cash, including pawnbroking, gold buying, cheque cashing and unsecured lending. It also provides foreign exchange services and acts as a jewellery retailer.

As a result of the decline in gold prices, 40 of the group’s pop-up stores were closed in 2013.  Against this backdrop, efforts to turnaround the business have proved unsuccessful, which has led to the Companies filing for administration.

The Administrators are pleased to announce that on 15 April 2014 the majority of the business and assets of the Companies were sold to Promethean Investments LLP, preserving over 600 jobs. All 120,000 pledged items remain safe and available for customers to redeem.

Further information regarding pledged items is included in the ‘Customers’ section.

Peter Dickens, one of the Administrators commented:

“This deal achieves the most positive outcome for customers, staff and landlords - which was a key driver for A&B’s stakeholders.”

Updated 7 March 2017:

The Liquidators' draft final progress report to creditors for ABHP is available for download via the link below.  This document is password protected.  Should you wish to access the document below, you will require the password issued in the letter sent to all known creditors dated 6 March 2017.  Please note that the password is case sensitive.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Liquidators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com.

Albemarle & Bond Holdings Plc - in Liquidation - Joint Liquidators' Draft Final Report

Updated 22 September 2016:

The Administrators' final progress reports to creditors for the Companies in administration are available for download via the links below.  These documents are password protected.  Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 22 September 2016.  Please note that the passwords are case sensitive.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Jewellers & Pawnbrokers Limited - In Administration - Joint Administrators' Final Report

Albemarle & Bond Jewellers & Pawnbrokers Limited - In Administration - Form 2.35B

Herbert Brown & Son Limited - In Administration - Joint Administrators' Final Report

Herbert Brown & Son Limited - In Administration - Form 2.35B

Updated 16 August 2016:

The Administrators' progress reports to creditors for the Companies in administration are available for download via the links below.  These documents are password protected.  Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 16 August 2016.  Please note that the passwords are case sensitive.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Jewellers & Pawnbrokers Limited - In Administration - Joint Administrators' progress report dated 16 August

Albemarle & Bond Jewellers & Pawnbrokers Limited - In Administration - Form 2.24B

Herbert Brown & Son Limited - In Administration - Joint Administrators' progress report dated 16 August 2016

Herbert Brown & Son Limited - In Administration - Form 2.24B

Updated 23 February 2016:

The Administrators' progress reports to creditors for the Companies in administration are available for download via the links below.  These documents are password protected.  Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 23 February 2016.  Please note that the passwords are case sensitive.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Administrators' progress report dated 23 February 2016

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Form 2.24B

Herbert Brown & Son Limited - in Administration - Administrators' progress report dated 23 February 2016

Herbert Brown & Son Limited - in Administration - Form 2.24B

Update 7 September 2015:

The Administrations of Albemarle & Bond Jewellers & Pawnbrokers Ltd (in Administration) and Herbert Brown & Son Ltd (in Administration) have been extended to 24 September 2016 by order of the Court.

The Administrators' progress reports to creditors are available for download via the links below. These documents are password protected. Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 7 September 2015. Please note that the passwords are case sensitive. If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Administrators' progress report dated 10 August 2015

Herbert Brown & Son Limited - in Administration - Administrators' progress report dated 10 August 2015

Update 13 April 2015

Albemarle & Bond Holdings Plc has moved from Administration to Creditors' Voluntary Liquidation, in accordance with the former Administrators' proposals, with effect from 1 April 2015.

The Administrators' progress reports to creditors are available for download via the links below. These documents are password protected. Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 10 April 2015. Please note that the passwords are case sensitive. If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com 

Albemarle & Bond Holdings Plc - formerly in Administration - Administrators' progress report dated 10 April 2015

Albemarle & Bond Holdings Plc - formerly in Administration - Form 2.24B

Albemarle & Bond Holdings Plc - formerly in Administration - Form 2.34B

Update 24 March 2015:

The Administrations of Albemarle & Bond Jewellers & Pawnbrokers Ltd (in Administration) and Herbert Brown & Son Ltd (in Administration) have been extended to 24 September 2015 by consent of the secured creditors.

The Administrators' progress reports to creditors are available for download via the links below. These documents are password protected. Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 24 March 2015. Please note that the passwords are case sensitive. If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com 

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Administrators' progress report dated 18 March 2015

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Form 2.31B

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Form 2.24B

Herbert Brown & Son Limited - in Administration - Administrators' progress report dated 18 March 2015

Herbert Brown & Son Limited - in Administration - Form 2.31B

Herbert Brown & Son Limited - in Administration - Form 2.24B

Update 23 October 2014:

The Administrators' progress reports to creditors for the Companies are available for download via the links below.  These documents are password protected.  Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 23 October 2014.  Please note that the passwords are case sensitive.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Holdings Plc - in Administration - Administrators' progress report dated 23 October 2014

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Administrators' progress report dated 23 October 2014

Herbert Brown & Son Limited - in Administration - Administrators' progress report dated 23 October 2014

Update 4 June 2014: 

The Joint Administrators' Proposals for the Companies were deemed approved on 29 May 2014 in accordance with Rule 2.33(5) of the Insolvency Rules 1986.

Update 16 May 2014:

The Administrators' Proposals for the Companies are available for download via the links below.  These documents are password protected.  Should you wish to access the relevant document below, you will require the password issued in the letter sent to all known creditors dated 16 May 2014.  If you are a creditor and have yet to receive this notice, please supply details of your claim in writing (with supporting evidence) to the Joint Administrators, PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT or by email to creditorenquiries@uk.pwc.com

Albemarle & Bond Holdings Plc - in Administration - Administrators' proposals dated 16 May 2014

Albemarle & Bond Holdings Plc - in Administration - shareholder list

Albemarle & Bond Holdings Plc - in Administration - statement of claim form

Albemarle & Bond Jewellers & Pawnbrokers Limited - in Administration - Administrators' proposals dated 16 May 2014

Albemarle & Bond Holdings Plc - in Administration - statement of claim form

Herbert Brown & Son Limited - in Administration - Administrators proposals' dated 16 May 2014

Herbert Brown & Son Limited - in Administration - statement of claim form

A creditor's guide to Administrators' fees

Mike Jervis and Peter Dickens have been appointed as joint liquidators of Albemarle & Bond Holdings Plc. Mike Jervis and Peter Dickens are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The joint liquidators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The joint liquidators are Data Controllers of personal data as defined by the Data Protection Act 1998. PricewaterhouseCoopers LLP will act as Data Processor on their instructions. Personal data will be kept secure and processed only for matters relating to the Liquidation.