Midlands-based prestige replacement vehicle specialist Accident Exchange announced pre-tax profits of £1.1m for its first full year of trading.
The profit was realised on a turnover of £4.12m for the year. Accident Exchange listed on AIM in April 2004.
The company, which provides cars to customers involved in non-fault accidents, said it saw a 42% growth in the last three months of the financial year.
Accident Exchange chief executive Steve Evans said, “The rate of expansion is the result of the approach we have taken.
“By offering support to the dealer or body repairer, we have substantially strengthened our key relations.”
