Accident management group Helphire has posted a profit of £1.8m for the first six months of the year.
The profits compare to a loss of £1.1m for the same period in 2001.
The improved performance is largely due to what the company called "significantly reduced" bank borrowings. A 75% increase in car hire days for the period also fuelled growth, it said.
Executive chairman Michael Symons said Helphire's performance has been boosted with the advent of additional revenue streams from new products.
Symons said: "Our jewellery valuation service, 'e-register', continues to grow with valuation details of over £283m on its database.
"A very positive response to the benefits of the service has been received from a number of major household insurers who are interested in the potential for using the system."
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
