Begbies Traynor revises up earnings expectations Begbies Traynor revises up earnings expectations 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 [...]
Begbies Traynor makes fourth acquisition this year Begbies Traynor makes fourth acquisition this year Begbies Traynor has bought Midlands-based finance broker MAF Property, marking its fourth acquisition of the year as the group continues to focus on growth. The London-listed professional services firm will pay a maximum of £11.75m for MAF Property, with an initial cash payment of £3m, followed by the potential for an additional £8.75m subject to [...]
Begbies Traynor boss on pandemic insolvencies: ‘The worst is yet to come’ Begbies Traynor boss on pandemic insolvencies: 'The worst is yet to come' Begbies Traynor boss on pandemic insolvencies: 'The worst is yet to come'
Begbies Traynor shares defy market slump to rise five per cent following good results February 23, 2021 Begbies Traynor defied London’s market slump today, with shares rising five per cent following encouraging results. In a Q3 update the professional services firm said it was “confident” of the outcome of its full year results, although it gave no actual figures. The business has enjoyed something of an acquisition spree this year. Earlier this [...]
Begbies Traynor buys chartered surveyors as acquisition spree continues February 8, 2021 Professional services firm Begbies Traynor has bought London-based chartered surveyors Hargreaves Newberry Gyngell (HNG), in a deal worth £1m. HNG employs 13 staff, who will all integrate with Eddisons, Begbies Traynor’s property advisory and transactional services division. The acquisition is for an initial cash consideration of £0.4m on a cash free, debt free basis. Contingent [...]
Begbies Traynor acquires CVR Global in biggest buy yet January 18, 2021 Insolvency specialist Begbies Traynor has acquired CVR Global in a deal worth £20.8m. The move represents the largest insolvency acquisition Begbies Traynor has made to date, and provides a significant expansion of its scale in London and the South of England. The share price of the corporate restructuring firm jumped 5.5 per cent today following [...]