Mortgage Advice Bureau, which operates largely out of estate agents’ offices, has reported soaring revenue and profits for last year.

Revenue was up 33% to £75.5m and pre-tax profits up 51%, to £10.4m.

MAB also recruited 35% more advisers, with numbers at the end of last year standing at 720.

MAB floated on the stock market in 2014, and the results were the first for full-year trading after the listing.

Peter Brodnicki, chief executive, said: “I am delighted to report that in the first full year following our IPO, we have had another year of strong revenue and profit growth, resulting from our strategy focused on our core areas of specialism.

“2015 marked our seventh consecutive year of significant profit growth, demonstrating both our understanding of the market in which we operate and our focus on building a high-quality business with sustainable profitability.

“Our share of UK new mortgage lending grew by 18% to 3.6% in 2015.

“We are confident that our strategy is on track to continue to deliver strong revenue growth and attractive returns to investors.”

MAB also announced the sale of its 49% stake in Capital Private Finance to Countrywide.

Countrywide and MAB entered into a five-year joint agreement in 2011 whereby Capital Private Finance would provide mortgage and protection advice to customers of Countrywide’s upmarket estate agency brands.

Countrywide had a 51% stake in the business and MAB had the remaining 49%, with Countrywide having the option to buy MAB out.

Countrywide has now exercised this option, with the sale likely to complete in the second half of this year.