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B&B confirms sale to Garfield and Wishart

Bradford & Bingley has confirmed the sale of Charcol to a consortium of investors including the former founders, as exclusively revealed by Money Marketing Online.

The sale to Castlegate 342, a newly formed company which includes Advantage Capital and Jon Moulton among its shareholders, will see founders John Garfield and Charles Wishart back at the healm.

Garfield takes over as chief executive with Peter Barrett joining as managing director with particular responsibility for sales.

Charcol has around 8m of net assets.

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