Raymond Doherty 9 Jul 2019 11:32am

Begbies Traynor revenues up 15%

Turnover has reached £60.1m for the year at AIM-listed corporate recovery and professional services group Begbies Traynor

This is an increase of 15%, compared to 2018’s year-end revenue of £52.4m.

Begbies also increased its profits before tax to £3.5m from £2.3m.

Ric Traynor, executive chairman of Begbies Traynor Group, said the results were “ahead of our original expectations”.

He added that the group had “grown the business organically, completed four acquisitions and increased the dividend whilst reducing net debt. All areas of the group performed well, reflecting the benefits of recent organic investment, an increase in market activity and the good performance of recent acquisitions.” He did, however, warn of Brexit uncertainty.

Begbies announced several acquisitions earlier this year.