Somerset-based broker Higos is preparing to make a string of acquisitions around the UK and launch a new division in a bid to become a top-50 broker within five years.

Managing director Ian Gosden said the broker, which is expected to control £19.5m GWP by the end of the year, would grow to £100m GWP by 2010.

He said a particular aim was to build the company's presence in the South West.

Gosden said the company was set to complete its purchase of Plymouth-based Haines Wallace in December, which controls £5.5m GWP. He added there were more to follow. Higos has already made over six acquisitions this year, including Liability Direct in June.

Gosden said: "I have six more acquisitions on my desk. There is one in Kent that I will buy and shut down, and another in Scotland."

The broker is also set to launch a telesales operation, Higos Direct, next year, to market direct to the public. Gosden said he planned for the operation to reduce Higos' reliance on business introduced by IFA networks from a current 75% of business to 50%.