Riverbourne has predicted that its revenue income will grow by 25% by the end of the year.

The broker, which was formed in 2002, reported revenue income of £1.72m at its 2004 year end.

Group chief executive James Coyne said income had accelerated in 2005, with £50,000 worth of new commissions being earned every month.

The company also plans to take on new staff in its Whitley and Leeds offices. "We plan to add 25% to our revenues with our existing staff base," Coyne said.

"If we can take on two or three more account executives revenue income is expected to be £2.4m."

Growth, he said, was purely organic and there were no plans to add new product lines to the company's offering or hit the acquisition trail.

"Income revenue has grown higher than industry standards because we are very hot on service standards," Coyne concluded.