HoC in acquisition talks with six networks

Home of Choice says it’s currently in talks with six other networks over possible acquisition plans, with a deal expected by the end of the year.

Speaking at HoCs first-year anniversary, Richard Coulson, chief executive officer at HoC, says: We are in talks with six other networks over potential acquisition plans, they have approached us, because we know what we are doing.

“We will be announcing by the end of the year a deal where we will be working with another network.

Speaking about the four networks that have been told to halt appointing appointing representatives by the Financial Services Authority, Coulson says: Its not us, but do we know who it is? no. I feel sorry for them, because at the end of the day it cant be nice.

“I hope they get their house in order because the industry needs networks.

Coulson also predicted that by the end of the year both network and packagers would be in single figures.

HoC is now close to reaching its three-year recruitment target of 1,000 sellers within its first 12 months, and has now challenged itself to recruit 2,000 sellers by the end of 2008.