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Crunch hit for a six

One broker has taken diversification to a new level by turning part of his office into a specialist cricket equipment shop.

Steve Price, director of Derbyshire-based Woodenbox Mortgages, continues to write mortgages for clients but has converted the front of his office into Cricket-box, a supplier of cricket-related goods.

The converted office space originally operated as an estate agency alongside the brokerage but the cost of running the branch proved too high and Price closed down the agency.

He says: “I had this space and was thinking of what I could do with it. I have an interest in cricket so I thought – why not?”

Cricket-box re-cently won orders to supply two local teams with their playing kit and is also working on getting sponsors for England’s Under-19 squad.

Price adds: “All the advice brokers have been getting recently has been about diversification. Well, I agree so here’s to a successful and diversified 2009 for Woodenbox Mortgages and Cricket-box.”

A recent Datamonitor report says some brokers are selling electricity and gas to make up for the lack in mortgage business.

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