Is unbolted a sustainable business

The problem unbolted faces is the competition and just how long it has been established in some strata throughoit the social classes.
We see loans coming through that enable people to bid at auction if that "must have" comes up at an inopportune moment.
As many people now do so much online I think online pawn is not too far behind the curve.
With a reduction in pawn on collateral and the massive Henry Moore coming to FS there is a clear niche with little competition. I am surprised that FS and coll bling of smaller values have not been taken over to Unbolted where intetest rates to lenders is lower so possibly this feeds through to the customer rate. Possible that revaluation may present a much lower figure, specially coming from fs, if they try to move from fs to ub.
I do hope they can get scale to give continued profitability and growth without needing to go into buildings.

I had the OP concerns about a year ago, but actually feel Unb is showing signs of now going from strength to strength.

Seems to me recently the dealflow has improved, with more loans daily, and this may well have come about due to Fs and more recently Coll's moves away from bling. IMO they've now got very little competition in this niche area and their main opposition would now presumably be regular bricks and mortar pawn shops. AIUI Unb offer much better borrower rates than what's available on the high street, but still produce very attractive margins for themselves (there's an excellent blog post highlighting the positives of their disruptive business model floating about somewhere).


Edit: ...and here it is: unbolted.com/uk/blog/thinking-pawning-your-assets-unbolted-offers-cheaper-more-discrete-alternative/