Management at a northeast-based financial adviser is ignoring the current slowdown and is looking for more acquisition targets to expand its coverage after announcing record results.

Carterbar has recently bought local firms Graeme Watson Independent Financial Advisers and Retirement Options Wearside, which have helped more than double its turnover to £860,000 in the past 12 months.

But the company’s financial planner, Suzanne Cox, told reporters that the board believes there is room to make further acquisitions to continue expanding its operations.

“Our investors do hear the talk of uncertainty and slowdowns in the housing market, but our experience is that they recognise that there are still good investments to be made,” she added.

The Stockton on Tees-based company was established in 1996 to advise on savings and investments, personal protection, retirement planning and mortgages.