Begbies Traynor (AIM:BEG), the corporate restructuring firm, said last year’s performance was “comfortably ahead of original market expectations” in a statement issued before today's AGM.
The improved performance was largely due to acquisitions and improved trading, executive chairman Ric Traynor said.
According to the statement, the firm made a good start to the new financial year, with trading for the first quarter in line with expectations.
Begbies Traynor (AIM:BEG) said “the level of new insolvency appointments continues to increase year-on-year” and as a result, the group is confident of meeting market expectations for the current financial year.
Additionally, it has completed two acquisitions in the new financial year: Mantra Capital, a London-based property finance brokerage, and Budworth Hardcastle, a chartered surveyors practice.
“Overall, the group remains in a strong position. Our scale, capabilities and breadth of expertise provide us with the ability to continue to assist our clients as they face the challenges of the forthcoming year,” said Traynor.