Hyperion has reported a 94% leap inprofits to £4.03m in its results for the year to 30 September 2005.
The results showed that revenues increased by 32% to £27.4m and operating margins climbed from 10% to 15%.
Hyperion said broking operations under the Howden brand reported revenues of £17.96m and the group's underwriting agencies, DUAL and CFC Underwriting, reported increases in revenues of 36% and 27% respectively.
The company added that international expansion had continued in 2005 and would continue as it looked to establish start up operations in new territories.
Hyperion said a fund raising exercise had been completed to raise a war chest to fund further expansion in 2006 and that it is actively seeking suitable business operations to add to its group.
David Howden, Hyperion's chief executive, said: “Despite difficult market conditions compounded by cost pressures in London arising from increased regulation, we have bucked the trend and achieved another year of solid organic growth."
