Loss adjuster Claims People Group achieved a double first by announcing its first operating profit and a takeover with its half yearly results.
The Bristol-based company registered a 72% increase in turnover for the first six months of the year, allowing directors to post a profit of just over £5,000.
This announcement was followed by the news that the company had agreed the takeover of CCS Global UK from Axis (Global) for a 'maximum consideration' of £335,000.
Claims People Group chairman Barry Whyte said: "CCS is a traditional, London Market business whereas Claims People is next generation. The two should complement each other well. They have very different client bases."
The takeover does not include CCS Global's international loss adjusting and claims consultancy.