Helphire drove back into profit after turnover increased by 85% to £23.7m in the six months to the end of September from £12.8m in the same period last year.

Pre-tax profit hit £1.8m for the period from a loss of £1.1m last year.

The group achieved an earnings per share figure of 1.57p, up from a loss per share of 98p last year.

Executive chairman Michael Symons put the company's better financial health down to a reorganisation last year and improving market conditions.

The group is planning to launch a version of its Theft Sure product directly to insurance companies and big brokers.

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