Financial services specialist Park Group has expanded the products its Christmas hamper club can offer after it spent £300,000 on buying Home Farm Hampers. The consideration was paid in cash and funded from Park’s existing resources.

Financial services specialist Park Group has expanded the products its Christmas hamper club can offer after it spent £300,000 on buying Home Farm Hampers. The consideration was paid in cash and funded from Park’s existing resources.

Home Farm, which has 7,500 agents and an order book worth an estimated £8 million, was sold by home shopping and educational supplies business Findel. The company was sold after Findel’s directors decided to focus the group’s operations on its core activities.

Park’s executive chairman, Peter Johnson, said the deal provides additional revenue for the group and that the acquired business will become part of Park’s existing business.

Birkenhead-based Park’s operations include saving schemes and loans while its Christmas club provides hampers, shopping vouchers and gifts. In the six months to the end of September last year, Park reported a pre-tax loss of £4.9 million from turnover of £34.8 million.