Pimlico Plumbers boss Charlie Mullins is in talks to sell off part of his company, in a move that could value the business at £100m.

Mullins is in talks with private equity firms about a deal, and has hired Cavendish Corporate Finance to advise on the sale. It is understood a number of private equity firms are interested.

Mullins said: “We are always looking out for investment. We are a growing company and want to expand both within London and further afield.

“We feel there are good opportunities for expansion at the moment, especially given some of the problems currently being experienced by large players such as British Gas.”

Read more/Source: City A.M.