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Categories:Mortgages

John Charcol is late in filing 2008 accounts

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John Charcol is over a month late in filing its latest accounts to Companies House.

The brokerage was due to file its full year 2008 accounts on October 31 2009 but has not yet done so. The last accounts filed were full year results for 2007.

In 2008, John Charcol directors were forced to pump in £2.1m on top of the £1.5m that they had put up in 2007 in order to shore up the brokerage against losses of £1.2m in 2007.

The directors also had to underwrite a £1.3m rights issue and take out a £1.2m debenture to ensure it met FSA capital adequacy requirements.

Alexander Hall and estate agency Foxtons, both owned by BC Partners, are also one month late in filing their accounts.

Earlier this year, Foxtons Holdings, which includes Alexander Hall, breached its lending agreements with its banks Bank of America and Mizuho after amassing debts of £260m. The accounts were due to be filed on October 31.

John Charcol director of marketing Drew Wotherspoon says: “John Charcol is currently finalising its accounts and they will be submitted shortly.”

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Readers' comments (1)

  • Lets hope Charcol show a good profit.

    Personally, I think mortgage brokers will be a sying breed within 3 years as more lenders look to distribute directly via branches and online/direct and therefore looking to close up our business in 2010.

    RDR isnt helping and frankly, after 15yrs - Ive had enough and Im joining the estate agent brigade - no clawback, repeat business, and 9-5hr Mon to Sat with a unique product.

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