Tenant referencing firm acquires competitor

A tenant referencing and insurance firm has announced that it has completed the acquisition of one of its competitors.

Let Insurances Ltd, which trades as LetRisks, has acquired the Landlord Hub, which was founded in 2012.

LetRisks, which currently has offices in Southampton and Banbury, specialises in insurance and tenant referencing products for the Private Rented Sector. It works with letting agents up and down the country as well as a number of blue chip companies.

After experiencing what it calls rapid growth, the Landlord Hub says it now helps over 10,000 tenants move home every month.

Subject to FCA approval, Heidi Shackell, managing director of the Landlord Hub, will become chief executive of the merged business.

“The Landlord Hub is an innovative, fast developing business with particular emphasis on their referencing products and customer care. We are delighted that this merger will take us forward on the next stage of our journey, and maximising the potential of the combined tenant referencing and lettings insurance business,” says Philip Cook, chairman of LetRisks. 

He says the Landlord Hub’s partnerships with some of the UK’s biggest letting agents are particularly impressive and that the brands will work well together now they are ‘under one umbrella’.

“We will now quickly move forward with our plans for the future seeking feedback from our customers to ensure that we more than meet their needs and help them to grow successfully,” he adds.