Despite being owned by a venture capitalist firm, Nikko Principal Investments, who said it had always planned to cash in on the lender when the time was right, the company is insistent that there are currently no bidders.
Sales and marketing director, Peter Beaumont, explained: “Because of who we are owned by, there is always a possibility we could be bought out. However there is currently no ‘For Sale’ sign up for the business. Nikko have not set an exact timetable for when we will be sold. It could happen within a two-year, five-year or even seven-year period.”
Mortgages Plc will have been owned by Nikko for three years in December.
Beaumont continued: “We don’t want go to market until we have completed what we have set out to do.”
He did however concede that things could change quickly if a potential buyer expressed a serious interest.
