It said the growth in EBITDA was achieved despite a one month negative contribution from the newly-acquired Rosslyn Research and Viewpoint Field Services.

However the directors were pleased to announce that sales from these units were now increasing while the fixed cost bases of these businesses were expected to fall sharply from April and again in May as remaining IQ Holdings Plc costs were removed and the majority of Rosslyn and Viewpoint staff moved into a single location in central London.

It said the directors viewed the full year outlook with real confidence and continued to evaluate a number of acquisition opportunities.

RSH is only currently considering opportunities which can be funded without the need to issue equity and which will be immediately earnings enhancing and cashflow positive.

The group retains a strong cash and listed securities position despite moving to clear the liabilities taken on with Rosslyn and Viewpoint at an accelerated rate.

The board also said it would like to reassure any individuals who have dealings with the company or any of its subsidiaries, that although its offices in Worship Street were affected by a fire that broke out in the early morning of 11 March, it has had a very minimal impact on day-to-day business.

The group is now operating from 44-46 New Inn Yard.

Interim Results will be published on 31 May as the company will be spending the next two months focusing on its intention to redomicile to the Isle of Man.