Home appliance insurer Domestic & General Group has scotched rumours of a takeover approach - while celebrating a 26.1 per cent boost in profits.
The company - which employs 1,200 in the Midlands - said the figures come on the heels of a trend of positive results over recent years.
A mailing centre opened last year in Coventry has "tripled capacity" and bosses expect the business overall to continue to grow.
Chairman Nicholas Rochez yesterday dismissed rumours of a takeover approach which caused sharp movements in the company's share price last month.
He said Domestic & General had received "no indication of any interest from any third party" before adding that that the new financial year had started well.
Mr Rochez believed the company would maintain its momentum despite signs of a contraction in consumer spending. "We expect the group to continue to make good progress in an increasingly difficult economic climate," he said.
Domestic & General - which provides warranties on some 5.7 million household appliances in the UK and mainland Europe - revealed pre-tax profits for the year to March 31 of £29 million, a 26.1 per cent increase on the previous year. The improvement partly reflected a jump in investment income, which rose to £11.1 million from £10.9 million a year earlier, fuelled by higher interest rates and stronger equity markets.
Domestic & General also benefited from steady growth in warranty revenues and subdued claims expenses, which boosted warranty profits to £19m, a 38 per cent increase on the previous year.
Chief Executive John Pearmund said the company had recorded a series of positive results. The business was pleased with the latest figures and "still sees opportunities for organic growth". He said further staff could be taken on to support any growth.
In the Midlands the business runs a back office operation Bedworth, a mailing facility in Coventry and a call centre in Nottingham, which together employ 1,200 people.
The company said the Coventry mailing operation, launched in June last year at Prologis Park, "tripled our capacity and enhanced our capabilities".
Domestic & General set a final dividend of 18.5 per share, taking the total payout to 27p , a 15 per cent increase on the previous year.
Mr Rochez said the year had seen activity on the regulations affecting the business - with recommendations of a Competition Commission enquiry into the extended warranty market coming into force from April 6. He said the company had implemented the necessary changes for its point of sale clients and "the wider impacts on the market as a whole will be seen in the months ahead".