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LSL Pink tie-up rumoured

Sarah Davidson

October 15, 2010

Mark Graves, LSL Financial Services director, would not confirm that the deal was going ahead but did not deny the truth of the rumours directly.

Pink’s managing director, David Copland, could not be reached for comment.

If the acquisition goes ahead Pink will be the second network LSL has bought this year. In May the company rescued network Home of Choice from administration, buying it for £1.5 million and rebranding it First Complete.

First Complete returned to profit three months later.

In 2009, LSL Property Services reported pre tax profits of £28.3m. LSL chief executive, Simon Embley, told Mortgage Introducer earlier this year that “we clearly have capital” to invest.

LSL also owns e.surv surveyors and estate agencies Your Move and Reeds Rains.

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