The board plans to review its options in a ‘structured’ manner, with the hope of finding a company that can offer a larger network of opportunities for the firm.
The agency, which is expected to earn nearly £4m in revenue fees this year – up more than 20 per cent, is thought to have received a number of approaches in its ten-year history.
The first approach for the firm was made just six weeks after its inception.
Hogarth was formed in 1997 out of Shandwick Consultants by directors Chris Matthews, Nick Denton, John Olsen, James Longfield and Rachel Hirst. Andrew Jaques joined as a partner in 2000.