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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Begbies boosts sales and profits during six months to October

The company will provide a further update early in March next year

Begbies Traynor Group PLC (LON:BEG) has boosted revenues by 11% in the first half of the financial year to October 2020, and adjusted profits by 25%.

The business recovery, financial advisory and property services consultancy said all areas of the group had performed well during the period, as teams were able to transition to a remote working environment,

The company now has an increased order book of committed future insolvency revenue, with a further increase in market insolvency levels expected, once short-term support measures for the economy are removed.

Results for the full year are expected to be at least in line with current market consensus, which would represent a further year of growth.

"I am pleased to report a strong financial performance in the period, maintaining our recent track record of growing revenue and adjusted earnings,” said executive chairman Ric Traynor.

"With the benefit of our strong financial position we continue to look for opportunities to develop and enhance the group, both organically and through selective acquisitions, and we remain confident in our outlook for the current and future years. We will provide an update on third quarter trading in early March 2021."

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