Charcol reveals ambitious growth plans

Walter Avrili, managing director of John Charcol, said the firm had spent the past nine months since its buyout from Towergate Group by Palatine Private Equity putting “heavy investment” into the business’ technology, systems, training and office space.

Avrili said the next step was to grow the number of advisers “significantly” from its existing 84.

He said: “We are looking for entrepreneurial people who are keen to build a profitable business within a culture that rewards initiative.”

He added that the firm was interested in hearing from intermediaries generating a minimum of £100,000 in revenue per year.

Simon Knight, chief executive of John Charcol, said: “Charcol has an entrepreneurial culture and deep technical expertise which is why so many of our advisers choose to stay with us long-term.

“Revealing our ambitious growth plans is the first of several announcements we’re hoping to make over the coming months that herald a commitment to serving our customers well across mortgage, protection and general insurance.”

In March this year John Charcol was bought out from Towergate Group by Palatine Private Equity as part of a deal worth £8.64m.