Begbies Share Price (BEG)

The BEG ticker is frozen but as you say the BTG one is an old company and BTG Consulting doesn’t look to be UK.

I might write to admin to sort it out as it’s live on Google as BTG.

Im not a fan of the name change. new ticker: https://www.lse.co.uk/rns/BTG/

looks like the ticker belonged to Boston Scientific previously.

Reflecting a decade of excellent revenue growth across increasingly diversified advisory services, Begbies Traynor is changing its name to BTG Consulting plc. Under this new name, and with the recently enhanced management team, the group is well placed for further profitable growth across its wide range of financial and real estate advisory services.

As we recently wrote in Strategic diversification clearly paying off, BTG’s organic and acquired expansion has led to a decade of 13% revenue CAGR and a broad-based financial and real estate advisory business, with a new CEO, Mark Fry.

Meanwhile UK businesses are still struggling under the weight of higher wages and inflation, increased tax burdens, elevated interest rates, and still weak consumer demand, suggesting a strong pipeline of work for BTG’s diversified services. BTG’s latest Red Flag Alert report shows a 44% yoy increase in businesses in “critical” financial distress.

Although the share price has recovered its summer decline, it still trades on less than 10x cal 2027 PER, c. 30% below its long-run average valuation multiples and below our 150p Fair Value.

Link to research note: https://www.equitydevelopment.co.uk/research/strategic-change-of-name-to-btg-consulting

BEG have saved two sizeable companies out of administration in the last few days.

It's obviously financially good for BEG if these administration appointments drag on as long as possible, but positive outcomes like these will enhance their reputation and encourage others to look in their direction for future business:

The first is Clayton Equipment:

Https://www.marketscreener.com/news/begbies-traynor-langley-holdings-division-acquires-clayton-equipment-from-administration-ce7e58dbdd8ef72d

And also Circle Express:

Https://www.insidermedia.com/news/national/rescue-deal-safeguards-more-than-150-jobs-at-airfreight-industry-logistics-firm

"Rescue deal safeguards more than 150 jobs at airfreight industry logistics firm

By Laurence Kilgannon

12 Jan 2026"

"More than 150 jobs have been safeguarded after administrators secured a rescue deal for a logistics provider which offers specialist services to the airfreight industry.

Circle Express, a logistics company, specialising in the next-day and same-day delivery across the UK, appointed Dean Watson and Paul Stanley of Begbies Traynor as joint administrators on 19 December.

The business and assets were subsequently acquired by Trilogy Logistics, a Manchester-headquartered logistics provider, which has a further office in Slough and offers specialist services to the airfreight industry, saving all 158 jobs at the UK logistics firm and bringing it under new ownership.

Administrators said the newly revealed deal meant there was no disruption to business services allowing customers to be serviced and employees paid on time.

Circle Express is headquartered in London Heathrow with depots in Aberdeen, Birmingham, Exeter, Manchester and Glasgow.

etc"

From today's Sunday Times FYI:

Https://www.thetimes.com/business/economics/article/soaring-costs-taxes-push-more-high-street-firms-brink-86dmkndvl

Extracts:

"Soaring costs and taxes push more high street firms to the brink

A challenging 2026 looms for retailers after administrations rose by 21.4% in the year to November. But Boxing Day footfall beat expectations"

"However, the Boxing Day figures came after the number of general retail firms considered to be in “critical distress” surged by 16.7 per cent year-on-year in the fourth quarter of 2025 (up to December 15), hitting 1,947, according to a “red flag” report from the insolvency practitioners Begbies Traynor."

"It is not just retailers facing the prospect of a challenging year. According to Begbies Traynor’s data, the number of bars and restaurants in critical distress rose by 14.1 per cent in the last quarter of the year to 1,034.

Julie Palmer, regional managing partner at Begbies Traynor, said: “If anything, the situation with the hospitality sector is even more precarious. Typically, this sector operates on narrow margins and even small changes to the cost base can have a devastating impact.”