Southampton: Buyer sought for Good Mortgage Co
Thames Valley and South Coast accountants and business advisers James Cowper has been appointed to find a buyer for Money Workout trading as The Good Mortgage Company, a mortgage broker with a call centre based in Southampton.
The Good Mortgage Company has traded since 2008 with 31 employees. It has a pipeline of revenues estimated to exceed £150,000 and a database of 77,000 contacted enquiries developed over the past two years.
The Company has over 450 completed mortgages and an income of £400,000 generated from life insurance sales. It is capable of handling mortgages, secured loans and life insurance.
Peter Whalley, a partner in the Southampton office of James Cowper said: “My firm has been instructed to find a buyer for the business. The business has experienced some trading difficulties following the downturn in the mortgage market and this has led the stakeholders to decide now is the time to sell.
"Significant interest has already been expressed. Any purchaser would not be required to assume trade or expense liabilities or obligations to the existing owners. They will, however, need to move quickly in order to secure a purchase.”
Offers are sought by Friday April 1.
