According to local news, the Middlesbrough-headquartered firm said it had spent the first three months of the year integrating its recent series of acquisitions and said that it had witnessed significant organic growth as a result.

Onyx is to set up offices in New York geared at the financial markets and providing its data recovery services in districts including Wall Street. With some 3,000 UK customers, Onyx also hopes to double its UK workforce to 220 by year end.

The company, which operates seven sites between the North East, Edinburgh and London, said it was still determined to become a £50m turnover business over the coming years, and that it was well on the way to growing this year’s sales from £12m to £20m.

Founder and CEO Neil Stephenson said: “We are confident we can hit our projections and are on track to get the business where we want it. The recession helped us in a way as our customers have become more protective of their existing assets.”