Company was gloating (4)
I believe the answer is:
crew
I believe this clue is a double definition.
'company' is the first definition.
(I've seen this before)
'was gloating' is the second definition.
(past tense of 'crow' - to gloat or boast)
(Other definitions for crew that I've seen before include "... rowing for Oxford or Cambridge?" , "eight, say" , "Staff of boat" , "Cox and Co" , "Group of operators" .)