Jerry Brand's Host Contract Management has made its first annual profit since being set up more than four years ago.
Brand, who was the major shareholder in Russell & Brand and later went on to set up and subsequently sell restaurant chain Orange Balloon with chef Brian Turner, launched Host in 2004.
The company's recently-filed accounts for the year to 31 December 2008 at Companies House show Host delivered its first annual profit of £54,739 (2007: loss of £141,187).
Turnover for 2008 was £24.2m compared with £15.8m a year earlier and the company had 591 employees (2007: 466).
Brand said he believed the business has now entered "adulthood" and was well placed to prosper during the recession.
The accounts do not include figures for Caternet, the web-based management system co-developed and championed by Brand.
Caternet, which includes e-procurement and accounting software, was separated from Host's accountants last year and set up in its own right.
By Chris Druce
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