GLASGOWand Manchester-based Golds has just 19 qualified lawyers among its staff of 370, as the firm has a full-time offering of commoditised work for lenders. The strategy has paid of, however, with senior partner Stephen Gold reporting a 25 per cent increase in profit as the firm posted a £1m rise in turnover.

Golds is a leading volume insurance firm in Scotland, specialising in motor claims work. It aims to target the UK debt recovery market in the coming year and has signed several contracts with leading banks to handle volume work, which management is hoping will secure a healthy increase in turnover and profit.