Towergate acquired John Charcol from administrators

clock

Towergate Financial today revealed mortgage brokerage John Charcol went into administration before it acquired the company.

Towergate CEO Ian Darby says John Charcol went into administration last night but did not disclose the amount paid for the company. On a conference call this afternoon, Darby,who previously spent more than 15 years at John Charcol after joining the brokerage in 1984, also revealed the opportunity to buy John Charcol first arose eight days ago. Darby said John Charcol's staff, assets, brand, customers and services were acquired by Towergate overnight. Under the terms of the deal, all John Charcol staff and directors will be making the move to Towergate Financial. Over the last...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Considering client emotions: Dealing with post-Budget anxiety

Considering client emotions: Dealing with post-Budget anxiety

Advisers need to understand client emotions during 'turbulent times'

Isabel Baxter
clock 01 November 2024 • 4 min read
Well-trailed Autumn Budget 'not as dramatic as expected'

Well-trailed Autumn Budget 'not as dramatic as expected'

Although speculation around pensions tax-free cash was ‘unhelpful’

Isabel Baxter
clock 01 November 2024 • 4 min read
Feel Good Friday: Succession Wealth raises £30,000 for cancer charity

Feel Good Friday: Succession Wealth raises £30,000 for cancer charity

Wealth firm hosts its annual charity golf tournament

Professional Adviser
clock 01 November 2024 • 1 min read