Cash Generator

Cash Generator was founded in 1994, by British businessman Brian Lewis. Having noticed the success of a similar business in the United States, he decided to emulate the business model in the United Kingdom, and opened his first store in Bolton, Greater Manchester on Valentine's Day 1994. After opening 15 corporate stores in the North of England, Lewis launched the franchise network, opening the first franchise store in 1997. The headquarters were located in Bolton until 2012, when they moved to Edinburgh.

Within the first year of opening, the company changed its name to Cash Generator. Brian Lewis decided upon the name after changing other elements in response to customer feedback: "When theory hits practicality, practicality always wins. For instance, the original name was 'Paragon', but we changed it because it didn't say what we did. We are a 'cash generator'."

Cash Generator was 100% owned by Lewis from February 1994, until April 2008, when a management buyout was staged by three directors and in conjunction with New World Corporate Finance. The acquisition meant that the founder Lewis was bought out, remaining as a shareholding non executive director. The three directors included Julian Urry, Managing Director of Cash Generator, from 2004, previously CEO of Cash Converters, Robin Page, Franchise Director and Steve Wilkinson, Finance Director. In 2012 Axcess Financial Services Group Purchased Cash Generator to help expand its loan business – it already operated Cheque Centres Ltd. In 2017 Axcess sold Cash Generator to investors Rcapital.

On 9 April 2008, three directors, Julian Urry, financial director Steve Wilkinson and franchising director Robin Page, with additional finance from New World Corporate Finance bought out founder Brian Lewis, forming a new company (Cash Generator Holdings Limited) in the process. Lewis remained as a shareholding non executive director.

In February 2010, the company launched its new 'Express' store concept, opening stores on select trunk roads and arterial routes, with high visibility and easy access for local residents.

In December 2010, the company was acquired by United States-based financial services group Axcess Financial, for an undisclosed sum.

In 2011 they opened 21 new stores and the company moved in to franchising. This allowed a further 29 stores ran by franchisees to open that same year. By 2015, Cash Generator owned 223 stores. In December 2012, Cash Generator recruited a new managing director, Allan May, who had previously been head of operations at Comet.

In 2017, Axcess sold Cash Generator to investors Rcapital.

As of October 2026, there are 100+ Cash Generator stores operating in the United Kingdom, all of which are franchise operations., all stores are now franchise stores

In 2011, it was stated that the average store receives 5,000 visits a week. In 2009, the company launched CashGenerator.co.uk as a fully transactional website that allows customers to browse and shop online.

Retail operations

Some Cash Generator stores have three counters; retail, buying and financial; but it is mostly focused on Retail and Buying.

The core businesses activity is the buying and selling of second-hand goods, mainly electrical and entertainment products such as televisions, games consoles, mobile phones, games, laptops, tablets, gold and jewellery. In addition to second-hand items, the stores also sell new and refurbished domestic goods.