The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBegbies Share News (BEG)

Share Price Information for Begbies (BEG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 103.50
Bid: 103.50
Ask: 104.50
Change: -1.50 (-1.43%)
Spread: 1.00 (0.966%)
Open: 105.00
High: 105.00
Low: 103.50
Prev. Close: 105.00
BEG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Begbies Traynor reflects on a year of 'strong financial performance'

Thu, 19th Sep 2019 09:11

(Sharecast News) - Financial and property services group Begbies Traynor's chairman Ric Traynor told investors at the company's annual general meeting on Thursday that the firm's last trading year had been "one of strong financial performance".
Traynor said the group had grown the business organically during the year, completing four acquisitions and increasing its dividend whilst reducing net debt.

Revenue and profit growth in the first quarter was in line with expectations, reflecting both its organic development and the contribution from recent acquisitions, leaving Traynor and the board confident of delivering current market expectations for the full year.

Traynor highlighted that all areas of the group had continued to perform well as the market for its counter-cyclical activities had been "favourable" with a 9% increase in national corporate insolvency appointments in the first six months of the calendar year.

"The benefit of our strategy to increase the scale and quality of the group's businesses, through both investment in organic growth and targeted acquisitions, is reflected in our financial performance," said Traynor.

"We now have an enhanced breadth of service lines with multiple sources of growth potential. Whilst we retain a counter-cyclical focus, which accounts for 65% of our income, our broad range of services also positions the group well to grow across the economic cycle."

As of 0925 BST, Begbies Traynor shares had slipped 2.34% to 73p.
More News
25 Apr 2018 13:35

Begbies Traynor Says More UK Business Now In Distress After Brexit

LONDON (Alliance News) - Corporate recovery and professional services firm Begbies Traynor Group PLC said Wednesday there are 33% more companies in financial distress than there were before the of

Read more
6 Mar 2018 12:39

Begbies Traynor Buys Corporate Finance Practice Springboard (ALLISS)

LONDON (Alliance News) - Business recovery and property services consultancy Begbies Traynor Group PLC said Tuesday it acquired Springboard Corporate Finance Ltd for in a cash

Read more
20 Jan 2017 12:13

DIRECTOR DEALINGS: Begbies Traynor Senior Manager Sells Shares

Read more
13 Dec 2016 08:21

Begbies Traynor Profit And Revenue Dip, Dividend Flat

Read more
24 Oct 2016 09:58

Number Of UK Firms In Distress Falls In 3rd Quarter - Begbies Traynor

Read more
18 Jul 2016 08:50

Begbies: UK Firms Well Placed To Cope With Brexit But Turmoil Ahead

Read more
12 Jul 2016 11:43

Begbies Traynor profits held back by low insolvency rates

(ShareCast News) - Shares in business services consultancy Begbies Traynor slumped even as the company swung to a full year pre-tax profit of £0.6m from a loss of £0.7m as revenues rose to £50.1m from £45.4m, although lower insolvency rates impacted on both figures. Adjusted pre-tax profits were up

Read more
12 Jul 2016 09:45

WINNERS & LOSERS SUMMARY: Positive Updates Boost Galliford And Dechra

Read more
12 Jul 2016 07:43

Begbies Traynor Turns To Annual Profit As Property Services Grows

Read more
5 Jul 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
3 Jun 2016 08:52

Begbies Traynor buys Pugh Auction Group for £2m

(ShareCast News) - Property services group Begbies Traynor said it had bought Pugh Auction Group for £2m in cash. Begbies said Pugh's 25 staff, including management, would be integrated with the group's existing Eddisons property services division. Pugh & Co was established in 2000 and is the large

Read more
3 Jun 2016 06:31

Begbies Traynor Snaps Up Property Auctioneer Pugh Auction Group

Read more
15 Apr 2016 07:28

REPEAT: Brexit Could Tip 21,000 UK Manufacturers Over Edge - Report

Read more
15 Apr 2016 06:49

TOP NEWS: Brexit Could Tip 21,000 UK Manufacturers Over Edge - Report

Read more
10 Mar 2016 09:23

Begbies Traynor In Line, But Company Insolvencies Still Falling

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.