Insolvency specialist Begbies Traynor makes hay as economy slows December 11, 2023 The number of firms in difficulty continues to increase which has given specialist accountant Begbies Traynor a boost
Stumbling economy allows insolvency specialists Begbies Traynor to cash in after acquisition spree July 11, 2023 Insolvency specialists Begbies Traynor upped its dividend after it saw its pretax profit increase by half in 2023. Pretax profit climbed to £6m from £4m the year before, ahead of market expectations, leading the firm to up its dividend by nine per cent on last year to 3.8p. On an adjusted basis, which excluded the [...]
Begbies Traynor: Jump in businesses going bust lifts firm’s profit guidance May 22, 2023 Begbies Traynor expects its annual sales and profits to trade ahead of market expectations thanks to a surge in the number of businesses going insolvent.
Begbies Traynor boosted by collapse of Paperchase and host of insolvencies February 27, 2023 Restructuring specialist Begbies Traynor Group says its finances have been boosted by the collapse of Paperchase earlier this year. Begbies Traynor was appointed as administrator after the struggling stationery chain failed to secure any buyers. The retailer’s 106 branches could face closure after Tesco agreed to buy the brand but not its stores or workforce. [...]
Bankruptcy specialists prepare for boom as economic headwinds hit UK firms December 13, 2022 Corporate restructuring specialists Begbies Traynor and FRP Advisory are expecting a boom in demand for their services in the oncoming economic slump. The advisory businesses are expecting to profit from a surge in insolvencies as worsening economic headwinds start sinking more UK firms. Begbies Traynor’s executive chairman Ric Traynor told City A.M. the consultancy stands [...]
Begbies Traynor on track for double digit growth as it cashes in on insolvencies November 17, 2022 Begbies Traynor said it was on track for double digit growth as it cashes in on the economic instability. The corporate restructuring firm said in a trading update that it expects revenue to climb 12 per cent to £58.5m, with adjusted profit before tax also up 13 per cent to £9m. Begbies Traynor said insolvency [...]
Begbies Traynor bosses expect rising insolvencies in the coming months July 19, 2022 Begbies Traynor’s revenue has jumped more than a third over the past year, as the business recovery and financial advisory firm scoops up ailing firms. Executive chairman of the London-listed group, also a property services consultancy, said a string a acquisitions and a spike in trading has lifted its financials “comfortably ahead of original market [...]
Begbies Traynor shares nudge after snapping up Midlands chartered surveyor Hardcastle June 27, 2022 Financial advisory firm Begbies Traynor has snapped up Midlands chartered surveyor Budworth Hardcastle in a deal worth up to £2.4m. The Manchester-based restructuring specialist saw shares nudge higher after it confirmed the deal on Monday morning. Budworth Hardcastle will be integrated into the group’s property division, Eddisons, once the deal is completed. Begbies Traynor said [...]
‘Zombie clubs’ on rise as Covid doubles football teams in distress December 22, 2021 Football finance experts have warned of a rise in “zombie clubs” as a result of Covid-19 restrictions slashing teams’ income. The number of English clubs in financial distress doubled from 17 to 34 in the six months after stadiums closed in March 2020, a new report by insolvency firm Begbies Traynor found. Derby County and [...]
Begbies Traynor revises up earnings expectations May 20, 2021 Begbies Traynor has revised up its earnings expectations following a year of growth at the professional services firm that saw it make four acquisitions. In a market update today the company said revenue for its 2021 financial year was expected to be £83.7m, up from £70.5m in 2020. Adjusted profit before tax was revised up [...]