Leading professional services provider Begbies Traynor has hailed a "strong trading performance" during its latest financial period which has made it confident of a full year "at least in line with expectations".
The Manchester-based listed group has said its business recovery and financial advisory business, in the three months to 31 January 2021, continued to perform well, maintaining its run rate for activity levels and new appointments.
The group added that the integration of the recently acquired CVR insolvency business, which was announced on January 18, is "proceeding well and initial trading is in line with our expectations".
In a trading update issued to the London Stock Exchange for its third quarter, Begbies Traynor said: "The property advisory and transactional services business has delivered a robust performance in the quarter with no adverse impact from the lockdown restrictions over the period, and in line with its second quarter recovery.
"The recently announced acquisition of HNG and our ongoing investment in complementary property services continues to build our depth and breadth of service together with our geographic coverage.
"The group has maintained its strong financial position with significant levels of headroom within our committed bank facilities, having made the recent investments in CVR and HNG."
Executive chairman Rick Traynor added: "The group continues to perform well which gives us confidence in delivering results at least in line with expectations for the current year.
"With the benefit of recent acquisitions and other organic growth initiatives the group is also well positioned to deliver the anticipated material growth in earnings in the 2021-22 financial year."
