London-based Lawrence Group has been involved in the jewellery and precious-metal business for “the best part of 50 years”, according to owner Lawrence Collins, who runs the business with his wife, Jill. Dealer in precious metals, retailer of jewellery and property investors, Lawrence Group’s core subsidiary Gerrards was started after the business received a number of trade inquiries about the possibility of acquiring scrap gold bars. Gerrards began to handle more and more precious metals, incorporating materials from outside the jewellery sector to include dental and other industrial scrap. The firm’s business model is focused on “diversification”, and its website candidly states: “Unlike our competitors, we never claim to be the cheapest but we do aim to give our clients a consistent, reliable and quality service at a fair and reasonable price.” In the year to February 2008, turnover was a glittering £65m, with pre-tax profits at £1.4m after paying a dividend of £99,800.
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