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The Good Mortgage Company searches for buyer

Money Workout, a Southampton-based mortgage brokerage which trades as The Good Mortgage Company, has appointed accountancy firm James Cowper to find a buyer for the business after Octopus pulled its funding.

James Cowper partner Peter Whalley says: “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.”

TGMC has traded since 2008 and has 31 employees and has estimated pipeline revenues of over £150,000.


680 Jobs axed at Northern Rock in latest round of cuts

Northern Rock is axing 680 jobs as part of a restructure of the business. It has entered into a formal consultation with trade union Unite and other employee representatives on the further restructuring of the business. Northern Rock says the job losses will be spread across all levels of staff and the process will conclude […]

Osborne fails to escape the home truths

On the eve of Harry Houdini’s 137th birthday, George Osborne pulled his second Budget out of the hat with both hands tied firmly behind his back. Last May’s five-year deficit reduction plan left very little room for manoeuvre and even less for growth. The Chancellor did manage to keep a little something up his sleeve […]

Sesame Bankhall profit rises by 66% to £5m

Sesame Bankhall Group made an operating profit of £5m last year, up by 66 per cent on £3m in 2009. The results last week are the first set of full-year figures following the integration of Bankhall and mortgage adviser service provider PMS with Sesame in 2009.The Resolution report says: “The result reflects the combined fees […]


Barclays tops complaints league table

Barclays Bank received more complaints than any other financial institution during the second half of last year. FSA complaints figures published today reveal that the bank received 276,315 new complaints between July and December last year.  Over the same period it closed 279,646 complaints, and of those 55 per cent were upheld. Across the Barclays […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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