Consolidating broker Oval has its sights on three areas of the UK for future acquisitions, its newly-appointed deputy managing director said.

Howard Peel, who was previously managing director of East Midland division of the company, said the broker was looking to make purchases in Scotland, Manchester and Southern regions.

"We have good presence in the Midlands. We are up to strength in that region.

"We want to be in Scotland and Manchester; and there are good opportunities to build a presence in the South," said Peel.

He said the group was looking at "three or four" acquisitions at present. Ten have joined the group since its start up in 2003.