Corporate advisors and stockbrokers KBC Peel Hunt has seen pretax profits leap 46 per cent.
For the year ending December 2005, the firm - which has has an office in Birmingham - saw pre-tax profit of £20.4 million, from £14 million in 2004.
Turnover was up 27 per cent to £54.5 million from £43 million, with net assets valued at £74 million.
The Birmingham office is KBC Peel Hunt's only business outside London - since the closure of its Leeds centre many years ago.
Although individual results for Birmingham were not released, a spokesman for KBC Peel Hunt said the office
was in profit. He reiterated the June claim that Birmingham was aiming to hit ten per cent of the company's turnover in the United Kingdom in the medium term.
KBC Peel Hunt, the UK investment arm owned by Belgian Bank KBC, said it completed 62 corporate transactions in 2005, raising £834 million for clients.
The company specialises in growth companies in the mid-market sector.
Tim Cockroft, chief executive of KBC Peel Hunt, said: "We have a good pipeline of corporate, UK and European deals, reflecting robust capital markets and KBC Peel Hunt's growing dominance as a mid-market player"