Starting Up
Anyone thinking of establishing a pawnbroking business will need to satisfy a number of criteria
Security
Pawnbrokers have a common law duty to take what is described as 'reasonable care' of the property that they take into pawn.
They must take all reasonable measures to ensure that pledges are not lost, damaged or stolen and it follows that their premises need a high standard of security for both customers' goods and, highly importantly, members of staff. Effective security arrangements for pawnbroking premises have become crucial in an environment of rising crime.
The NPA is always available to give guidance in this most important area.
