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Birmingham Post
Birmingham Post
Business
Jon Robinson

Begbies Traynor hails full-year results as revenue passes £100m

Begbies Traynor has revealed its full-year results are "comfortably ahead" of market expectations and "significantly" up on its previous 12 months.

The Manchester-headquartered business recovery, financial advisory and property services consultancy said its revenue for the 12 months to April 30, 2022, is set to be in the region of £109.5m, up from £83.8m.

Its adjusted pre-tax profits are also expected to be about £17.8m, a rise from £11.5m.

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In a statement to the London Stock Exchange, the company said its results reflect the "material increase in scale and scope of the group since 2021 following acquisitions".

Begbies Traynor snapped up MAF Finance Group in May 2021, Fernie Greaves in October 2021 and Daniells Harrison in January 2022.

Executive chairman Ric Traynor said: "We performed strongly in the financial year with results comfortably ahead of market expectations and significantly ahead of the prior year.

"This reflected the material increase in scale and scope of the group since 2021 following our acquisitions and investment in both divisions.

"Our strong financial position has further improved and we retain substantial resources to make further acquisitions to build our scale and range of complementary services.

"We have started the new financial year confident in our outlook and anticipating a year of further progress."

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