Begbies in strong position to grow
Begbies Traynor is holding its Annual General Meeting today and Ric Traynor, Executive Chairman, will make the following statement:
“The last financial year was another successful year of further growth, in which we continued to execute our strategy to grow the business whilst delivering strong, sustainable financial performance, and reported results for the year ahead of original market expectations. This performance was derived from our broadening range of services to an increasingly diverse range of clients.”
Traynor also said that the business has made a good start to the new financial year with double digit growth in both revenue and adjusted profits.
“At this early stage of the financial year, our expectations remain unchanged and we are confident of delivering market expectations* for the full year. With 80% of income generated from counter-cyclical and defensive activities, we remain well-positioned in the current challenging economic environment,” he said.
“We have continued to make acquisitions to complement and strengthen our range of services, acquiring Banks Long & Co, a Lincoln-based chartered surveyors’ practice in May 2023, and the South Wales-based Jones Giles & Clay insolvency team in September 2023. The integration of both businesses is underway and progressing in line with our expectations.”