BullionByPost® in the Media
My First Million - Rob Halliday-Stein
Read how entrepreneur Rob Halliday-Stein, 37, founded BullionByPost in 2008, using £10,000 from his mother’s will. After his mother’s death, Halliday-Stein invested part of his inheritance in physical bullion. Put off by the unfriendliness and high premiums of traditional dealers, he recognised a gap in the market for the small investor, which coincided with the banking crisis.
The company, which employs 25 staff, has handled over 100,000 deliveries and in 2013-14 sales hit £96m. Since April last year the company has offered a new bullion storage service in partnership with secure storage firm Brink’s.
May 2015 | The Financial Times
BullionByPost make Fast Track 100
BullionByPost has made the Sunday Times Virgin Fast Track 100 league table for the first time ranking 63 for 2014. The Sunday Times Virgin Fast Track 100 league table ranks the UK's 100 private companies with the fastest growing sales over the last three years.
Click here to view the latest league table
Fast Track 100 is compiled by Fast Track and published in The Sunday Times each December and awards private businesses run by entrepreneurs, has between 20 and 500 staff with sales ranging between £5m and £100m.
Founded in 2008 by Rob Halliday-Stein, BullionByPost's sales hit £96m during 2014 achieving a 3 year average sales growth of 59.57%.
Click here to read more
December 2014 | Fast Track 100 - The Sunday Times
Scots flock to gold
Rob Halliday-Stein, founder and MD of BullionByPost, says the company saw a 41 percent surge in gold sales to Scotland last week as residents fear a "yes" vote in the referendum.
Watch the video on the CNBC website
Sept 2014 | CNBC
Turnover is vanity, cash is reality
The saying that “turnover is vanity, profit is sanity but cash is reality” has never been truer for Britain’s small and medium-sized businesses. Survey results published within the last week by Sage Group found that SME leaders say that the top challenge they face is controlling costs.
The Times speaks to ten business leaders including Rob Halliday-Stein, founder and Managing Director of BullionByPost, about controlling costs and understanding cash flow.
Rob Halliday-Stein set up BullionByPost in 2009 with just £10,000. This year the turnover is expected to exceed £100 million. Hardly an SME you might think, but Halliday-Stein deals in gold bullion. His is still a young, small business, operating on tight margin and has to watch the pennies like any other SME: ‘Understand your costs. They are the key to cash flow,’ he advises.
Read the full article on The Times website
June 2014 | The Times
BullionByPost founder named IoD director of the year
Rob Halliday-Stein, founder of BullionByPost, was named overall director of the year and also young director of the year by the West Midlands branch of the Institute of Directors (IoD) at its annual awards at Warwickshire County Club in Edgbaston.
Regional chairman Jason Wouhra praised Rob's entrepreneurial vision which he called a lesson to everyone who had a business idea and wanted to take it to market.
Rob Halliday-Stein founded the business in his home for £10,000 and now generates turnover of £120m. BullionByPost, the UK's No.1 online supplier of gold and silver bullion, was created when the founder, Halliday-Stein, spotted a gap in the market to provide bullion directly to the public.
Read the full article on the IoD website
June 2014 | IoD
Rob Halliday-Stein joins Elliot Moss on Jazz FM
Founder and Managing Director of Jewellery Quarter Bullion Limited, Rob Halliday-Stein is interviewed by
Elliot Moss on Jazz FM
. Rob tells how he spotted a gap in the market and turned an initial £10,000 investment into a £100m a year plus business in five years.
Listen to the full interview on iTunes
May 2014 | Jazz FM
IN DEPTH: A bright future for silver?
Annual silver hallmarking figures have declined by six million articles in the past decade, but as the silver
price eases, jewellery brands are reacting with fresh designs tailored to fit customers' spend.
The Professional Jeweller speaks to wholesalers, British brands and bullion dealers, including Rob Halliday-Stein, founder of BullionByPost, about what’s new and next for the white metal.
Despite the changing tastes of consumers and the shift in jewellery trends creating a melting pot of innovative silver brands, Halliday-Stein highlights the two types of consumers buying silver from the UK’s leading online bullion dealer, BullionByPost, “We have two customers buying silver; one for long term investments – people who are tucking something away for decades mostly who don’t intend to sell it anytime soon – and the people buying it for gifts. Coins and small bars are very popular for christenings still and the current prices make silver look attractive again, which is obviously a good thing in terms of gifting and jewellery.”
May 2014 | Professional Jeweller
Indian silver imports fall as gold curbs ease
Professional Jeweller speaks to Rob Halliday-Stein, founder of BullionByPost, about the easing of import restrictions on gold into India and its side-effects on silver demand.
With India easing the restrictions on importing gold, Reuters have suggested that the demand for silver is likely to fall from the record high levels experienced in 2013. India, which currently accounts for 20% of the world silver consumption, tripled imports of silver in 2013 after restrictions on gold imports were put in place in a bid to cure a high current account deficit and combat illegal smuggling.
However, questions have been raised as to whether the industry should read too heavily into the situation in India. Halliday-Stein said, “The long term picture for silver is governed by so many factors it’s difficult to predict” and later stated that the “fundamentals for silver are still very strong.”
March 2014 | Professional Jeweller
BullionByPost Scoop Best Financial Services Award
BullionByPost scoop the award for Best Financial Services at the eCommerce Awards for Excellence following another record year for sales.
BullionByPost were shortlisted in a competitive group alongside LV=, MyBank, Nutmeg, eWAY, Ukash, Avantia Group and 1st Central Insurance Management. The award was presented to BullionByPost Founder and Managing Director Rob Halliday-Stein by TV comedian and host for the evening, Rob Beckett.
October 2013 | E-Commerce Awards 2013
BBC Radio 4 Interview Rob Halliday-Stein
Listen to BullionByPost Founder & Managing Director Rob Halliday-Stein interviewed on BBC Radio 4 You&Yours show on how the recent gold and silver price drops have affected his growing business.
Rob explains how increased demand for gold and silver bullion has forced him to recruit new staff and seek a new larger premises in Birmingham city centre. Rob also goes on to detail how the recent price dip has resulted in an unprecedented surge in demand for physical bullion with thousands of new private investors buying gold for the first time.
Listen to the whole interview on the BBC Radio 4 website
Aired April 2013 | BBC Radio 4 You&Yours
BullionByPost's Gold Bars Star on BBC2 Newsnight
Market commentator Max Keiser (of the Keiser Report) and economist Daniel Knowles appear on Jeremy Paxman's BBC Newsnight on Wednesday 17th April to discuss the recent gold price falls alongside BullionByPost's 10 x 1KG Metalor gold bars valued in excess of £300,000.
Ex-trader Keiser continues to back gold and argues the fundamentals of owning physical gold have not changed claiming that the recent price dip offers individuals another great buying opportunity, contrastingly Knowles is pro-paper.
Watch the debate on Jeremy Paxman's BBC 2 Newsnight
Aired 17th April | BBC Newsnight on BBC 2
Cyprus Bailout Woes Sparks Rush on Buying Gold
Fears about continuing economic instability across the eurozone, exacerbated by the Cyprus bailout, have seen demand for gold soar, according to internet dealer BullionByPost .
The company, which sells and delivers bullion to customers via Royal Mail, said it had seen weekly sales triple to more than
£4million in the past two weeks
It expects to record a turnover of £75million for the year to the end of April, up 40 per cent on the previous year.
The company said most of the demand has come from new customers. It also claimed to have been 'inundated' with inquiries from people living in Cyprus wanting to buy gold.
This includes Cypriots and British expats, as well as people living in the UK but with bank accounts in Cyprus.
Read the article on ThisisMoney.co.uk
Published 31st March 2013 | This is Money
How I Struck Gold on the Internet
The route to becoming an online millionaire didn't quite happen as Rob Halliday-Stein planned. In the final year of his economics degree he and a friend built a student accomodation website. Unfortunately, the dotcom bubble burst and, instead of becoming an internet millionaire, Halliday-Stein went to work for an opticians - Dolland & Aitchison.
There, having impressed in different departments, he was allowed to run its online business. At the time the firm "had a website that it wasn't doing anything with", so Halliday-Stein began to experiment. After seven successful years and now an expert in online retail, he left to help Asda launch the internet side of its George clothing line. But just ten months into the job, Halliday-Stein's mother died. He left the company, determined to make a fresh start. But doing what?
Published 11 March 2013 | MoneyWeek
Striking Gold: Rob Halliday-Stein
In a downturn, strong, fast-growth businesses are like gold dust: we need them if our economy is to grow and thrive. Birmingham's BullionByPost is well and truly a child of the recession.
All too often we hear about the losers of the recession; tales abound of businesses – large and small – going to the wall. Just last month, HMV and Blockbuster, two of the high street’s best-known brands, hit the runners.
And then, every once in a while, a business emerges triumphant, like a phoenix rising from the ashes of our once-thriving economy. BullionByPost is one such firm. The founder of the Birmingham-based business, Rob Halliday-Stein, struck gold when he realised that the banking industry had gone to the dogs and people were looking for other ways and means to invest their cash.
Published 04 February 2013 | Elite Business Magazine
How I made it: Rob Halliday-Stein, Founder of BullionByPost
Four years ago, after his mother died, he had travelled from Birmingham to find out how he could turn his inheritance into something he could keep hold of — GOLD .
The banking crisis was raging, and waiting with him were others wanting the safety of gold rather than money in a bank that might go bust. All were happy to pay a 5% fee for the metal. Halliday-Stein thought he could do it better — and cheaper.
In November 2008, he set up BullionByPost, an online gold and silver dealer. The business, which buys bullion from traditional dealers and delivers it to customers the next day, has gone from sales of £6m and a profit of £20,000 in its first year to a profit of £1.5m last year on sales of £55m. It is based in Birmingham and has 12 staff.
The company has handled more than 35,000 deliveries in Britain, from a £30 silver coin to a £500,000 gold shipment. The average order is worth about £3,000. Read more .
Click here to view the full article on The Sunday Times website
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Published 30 September 2012 | The Sunday Times
The Best Financial Gifts to Buy Children this Christmas
Sales of gold coins are up 50% compared with the pre-Christmas period last year as investors seek 'safe haven' gifts for children
Sales of gold coins in the past three months are up 50% compared with the pre-Christmas period last year and sales of silver coins have doubled as investors seek “safe haven” gifts for children.
The price of precious metals has soared as investors have sought “hard” assets during market uncertainty, and many predict it will rise further. Myles Zyblock at RBC Capital Markets, the investment bank, said gold could rise to $3,800 (£2,435) an ounce within three years. It was about $1,370 (£874) an ounce last week — a 25% rise since the start of the year.
Simon James at Moneysupermarket, the comparison website, said: “With households having to tighten belts, a gift that also offers some financial benefit is likely to be well received this Christmas.”