SHARE TIPS: Sunday Telegraph

The company, which has state-of-the-art facilities in the UK, Ireland, Holland, Sweden and Poland, was rewarded with an 11 per cent gain in its share price after the results.

In the year to December, pre-tax profits climbed 16 per cent to 20.1m on revenues that were 13 per cent ahead at 826.1m.

Despite the challenging markets, volumes rose by 14 per cent.

Shares have risen 45 per cent since April last year and remain a buy at 232.5p.

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CPP Group specialises in card protection services, promising customers that it will cancel and reissue cards, provide emergency cash, replace keys, handbags, wallets, passports and any other valuable documents with one phone call from anywhere in the world.

It sells most of its policies through banks and credit card issuers and it now works with more than 200 business partners worldwide, including most high street banks.

The company was founded 30 years ago by entrepreneur Hamish Ogston, 61, whose career began in the Merchant Navy. In 2003, he handed over the running of CPP to Eric Woolley, who has spent 20 years working in senior roles in large companies and investment banks.

CPP floated at 235p last month and is now trading at 256p. There should be plenty more momentum in the shares as over the past few years the company has expanded into several new countries, such as Turkey, Mexico, Hong Kong, Singapore and India.

These investments should bear fruit in the next two to three years and CPP also expects to start operating in China this year. Buy.