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.