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Begbies Traynor Group PLC - corporate restructuring specialist - Chair notes, at annual general meeting, financial performance has been "strong" in the new financial year to date - which began May 1. Sees growth revenue and earnings reflecting organic growth complemented by the contribution from prior year acquisitions. "We remain confident of delivering current market expectations this year," Executive Chair Ric Traynor added.
Business recovery and financial advisory business has delivered "good growth", the firm said, while property advisory and transactional services business has delivered a "solid financial performance".
Traynor added: "Having increased the scale and breadth of service lines over recent years, with a continued focus on counter-cyclical services which generate good margins and are highly cash generative, we remain well-placed to continue our track record of revenue and profit growth. We also have a strong balance sheet, providing the resources for further investment in the business along with potential acquisitions to supplement our underlying organic growth."
Current stock price: 90.72 pence
Year-to-date change: down 0.9%
By Paul McGowan; paulmcgowan@alliancenews.com
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