Bullhorn seeks investment as credit crunch hits.
Aggregator site Bullhorn.co.uk has raised the ‘for sale’ sign after falling victim to the current economic downturn.
Adil Khan and Nabeel Ahmed, who started the business a year ago, are seeking investment after declaring that the credit crunch has left them unable to expand the company.
Khan said: “We have come a long way but we have been using our own money to build it up. It now needs some big time investment.”
The Blackburn-based company, which specialises in private car insurance, has already received some interest from potential investors, but has been unimpressed by the deals offered.
“We have had a bit of interest in investment but we want to throw it out there to try to get some big companies,” he said.
Khan refused to disclose the turnover of the company, but said it had “great potential”.
He said the business already has a number of agencies with brokers including Endsleigh and Kwik-Fit, and revealed that Swinton had recently agreed to join its panel.