Nigel Farage has spoken about his aspirations as Reform UK party leader and insists he could become prime minister.

He told Sky’s political correspondent Darren McCaffrey the prospect of taking over at Number 10 at some point “may not be probable, but it’s certainly possible”.

In an interview on the sidelines of the Reform UK annual conference in Birmingham, he also described his intention to change the party and make it more democratic.

“I don’t want it to be a one man party. Look, this is not a presidential system. If it was, I might think differently about it. But no, it’s not. We have to be far more broadly based,” he said.

He also accepted there were issues with how the party was perceived by some during the general election.

“We had a problem,” he admitted. “Those that wished us harm use the racist word. And we had candidates who genuinely were.”

Earlier the party leader and Clacton MP gave his keynote speech at the conference, explaining how they intend to win even more seats at the next general election.

He also called out the prime minister for accepting free gifts and mocked the candidates in the Tory leadership race.

But he turned to more serious points, too – promising that Reform UK will “be vetting candidates rigorously at all levels” in future.

Addressing crowds in Birmingham, Mr Farage said the party has not got “time” or “room” for “a few extremists to wreck the work of a party that now has 80,000 members”.

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“The infant that Reform UK was has been growing up,” he said in his speech and pointed towards the success of the Liberal Democrats at the general election.

He told delegates his party has to “model ourselves on the Liberal Democrats” which secured 72 seats on a smaller popular vote share than Reform UK.

He said: “The Liberal Democrats put literature and leaflets through doors repeatedly in their target areas, and despite the fact they haven’t got any policies at all. In fact, the whole thing’s really rather vacuous, isn’t it? But they manage with a vote much lower than ours to win 72 seats in parliament.”

Reform won more than four million votes in July, and 14% of the vote share – more than the Lib Dems.