Beleaguered mortgage broker John Charcol has set up a new business which industry sources say could be part of its ongoing restructuring plans.
The new firm, John Charcol 2010, is listed on Companies House as a private limited company with an incorporation date of 2 February 2010 and an address on Colmore Road, Birmingham. John Charcol refused to comment on the venture but the move may be part of a plan to ease the provider out of financial difficulties. The firm, which was due to file its full year 2008 accounts on October 31 2009, has not yet done so. John Charcol has undergone a difficult last two years due to the decline in the UK's property market. The brokerage, which opened in 1974, was bought by Bradford and Bin...
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