Begbies Traynor beats consensus as revenue climbs on insolvency demand

(Alliance News) - Begbies Traynor Group PLC on Friday said its annual revenue and earnings were ahead of market consensus expectations as it reported double-digit growth.

The Manchester, England-based insolvency advisor said it expects to report adjusted earnings before interest, tax, depreciation and amortisation of GBP31.3 million for the 12 months to April 30, an increase of 10% from GBP28.5 million a year ago.

Revenue is expected to have increased 12% to GBP153 million from GBP136.7 million, or by 10% on an organic basis.

Adjusted pretax profit is expected to be up 6.8% at GBP23.5 million from GBP22.0 million.

"The group has delivered double-digit revenue and Ebitda growth, ahead of consensus expectations, marking its tenth successive year of profit growth. This reflects strong demand across the breadth of the group's services - from insolvency through to complex restructuring and our broad range of complementary financial and real estate advisory services," said Executive Chair Ric Traynor.

Cash flow was up 55% on the previous year to GBP19.4 million from GBP12.4 million. Net cash was at GBP900,000 at the end of April, swung from net debt of GBP1.4 million in 2024.

Begbies Traynor said revenue was up 11% in the business recovery and advisory division, amid increased business insolvency activity levels in higher value cases.

An increased fee pipeline on appointed cases underpins expectations of continuing growth in financial 2026, the firm added.

Revenue was 15% higher in property advisory and transactional services, driven by "continuing organic development" and the full-year impact of mergers and acquisitions from the prior year.

"Recent momentum in recruitment for senior roles, together with visibility of fees on current instructions, underpins our confidence in continued organic growth, which we expect to supplement by executing on an encouraging pipeline of acquisitions, enabled by our strong cash generation and balance sheet," Chair Traynor concluded.

Shares in Begbies Traynor were up 3.0% to 100.90 pence in London on Friday morning.

By Michael Hennessey, Alliance News reporter

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