The international claims and dispute avoidance specialist benefitted from a streamlining programme which saw revenue slip 4% to £43m but delivered a return to £400,000 profit after a £2m loss in 2022.

Mark Wheeler, the CEO of Driver Group, said the business would continue its transformation this year with a rebranding, further planned efficiency gains and expansion into new markets like aerospace, financial forensics, IT and marine.

He said: “We have delivered a return to profitable trading through a significant year-on-year reduction in our cost-base, the full effect of which is yet to impact our bottom line.

“Also, the re-shaping of our global footprint and sizeable improvements in utilisation levels have been key to delivery.

“Our ‘one business’ approach continues to deliver tangible and lasting benefits to client servicing and margin improvement.

“The transformation strategy we announce today, harnesses a unified global footprint under our premium Diales brand, and builds on efficiency gains achieved over the last financial year.

“It promises to accelerate value-creation for our shareholders and realise further competitive benefits for our clients and staff.”