The insurance division of IFA Group Berkeley Berry Birch (BBB) has generated a 20% increase in revenues during the 12 months to March.
The division, formerly known as Berry Birch and Noble (BBN), posted turnover of £3.4m during the financial year ending March 2003.
However its parent, BBB, reported a loss of £39m and was forced to write off £29.4m from acquisitions.
BBB chief executive Stephen Ingledew said the next few months would be a 'very difficult trading environment'.
He said: "This has been a difficult year for our industry, sector and business. Despite this we have increased revenue from our Insurance and Network divisions."
