Begbies Traynor ‘well-placed’ as distress levels show ‘significant increase’
Begbies Traynor Group remains well-placed after a "strong financial performance" last year and the economic impact of Covid-19 has already "significantly increased the level of distress".
However the lockdown pulled down its pre-tax profits by £600,000 in the last six weeks of its financial year, to April 30. Despite that, it still expects its annual profits to be 30% higher at £9.2m.
Profits will have grown nearly twice as fast as revenues, with turnover expected to show an increase of around 16% - adding £10m to last year's... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
