John Charcol, the national mortgage broker, has begun a review of its ownership and capital structure after receiving a number of expressions of interest in the firm.
The company has appointed investment bank Gleacher Shacklock to review its financing and ownership options.
John Charcol has been in operation since 1974 and says it is the only UK broker to offer customers the option to transact face-to-face, by phone or online.
In a statement released today, Ian Kennedy, chief executive of John Charcol, says: “Recent approaches have prompted us to review the future ownership and financing arrangements for John Charcol.
"Our business is unique and we have built a strong market position. We are well positioned for the considerable growth which we expect from the increased demand by consumers and distribution partners for our services in tougher markets.”
The firm says it saw business grow by 20% during 2007 and has already seen a 30% increase in business in 2008 compared with the same period last year as homeowners seek advice on how to deal with the effects of the credit crunch.
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