Leeds-based credit card, identity and mobile phone protection firm CPP Group said its group revenue from continuing operations increased 24% to £91.4 million in 2017, the first year of growth since 2011.

CPP said international revenues grew 54% to £69.1 million, including revenue from India which increased 164% to £40 million.

CPP also enjoyed a return to statutory profit after tax from continuing operations of £4.6 million.

CPP’s CEO Jason Walsh said: “This was one of the most important years in CPP’s history, one in which we not only significantly improved the financial performance of the group but also, and more importantly, refocused it for future growth and prosperity.

“Today CPP is a fundamentally stronger and more energised business than before.

“Our international business is continuing to grow rapidly and together with once again having an approved company as an intermediary in the UK market we will continue to develop suites of innovative technology-based protection services that will benefit all our markets.

“Our corporate office is much smaller and our core team are sufficiently nimble to take advantage of growth opportunities.

“Our strong balance sheet and cash resources give us ample opportunity to invest in new products and services or make strategic acquisitions, while our growing array of partners will enable us to bring our services to market.”