Source of Wealth:Debt recovery
Stewart and Susan Smith have a net worth of £34 million as of April 2012, according to the Sunday Times UK Rich List. Herbert Smith started his finance business in the 1950s working door to door, and was joined in 1974 by his son, Stewart. In 1997 the Smiths moved into pawnbroking as a franchisee of John Ramsden's Pawnbrokers. Five years later they bought out the franchiser and expanded rapidly across Teesside. Ramsdens Financial made a £5.3m profit on £33.8m sales in 2010. It is largely owned by the Smith family, led by Smith and his wife Susan.
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheRichest?Get Your Free Access Now!