A firm of independent financial advisers based in Truro has won two best in Britain awards.

TMS Financial Solutions Ltd triumphed over some of the biggest names in financial services to win not once, but twice, in the annual Compliance Register Awards for outstanding service to compliance and regulation.

It is the first Cornish firm in the scheme’s five-year history to win two categories in the one year.

TMS won the section for best financial advice and Clive Gwilliam, its managing director, was judged best chief executive/managing director.

Mr Gwilliam said: “We are both thrilled and a little humbled that a relatively small Cornish company can beat the very biggest names in the financial world – we see it as a bit of a David versus Goliath victory.”

The awards were made at a prestigious ceremony at London’s Landmark Hotel, with a host of TV personalities presenting statuettes to the winners.

Mr Gwillam was presented with the awards by Cheryl Baker, of Bucks Fizz fame.