HELPHIRE Group's turnover has nearly quadrupled to £10.01m from £2.6m during the year to the end of March, while its pre-tax profits tripled to £1.057m from £346,648. The results are the first to be published since the credit hire and repair company floated on the Stock Exchange in March, a move which raised £5.6m net of expenses.

The company is now planning a range of expansion schemes, including the launch of Fleetunique, a non-fault accident package for fleet managers, and the opening of three new branches within the next two months.

Chief executive Michael Symons said: 'The results reflect a year of outstanding growth, setting new records in both turnover and profits. We believe that with our expertise in the credit hire and repair business and the quality of our service, we will continue to generate substantial growth in the coming years.'