AGM Statement

2 Oct 2009 07:00



BEGBIES TRAYNOR GROUP PLC

("the Group")

AGM Statement

Trading Update 

Begbies Traynor Group plc, the leading AIM listed professional services company, is today holding its Annual General Meeting.

Ric Traynor, Executive Chairman, will make the following remarks at the AGM:

"I am pleased to report that the current financial year has started well for the Group, and at this early stage, current trading is in line with management expectations, reflecting in particular the strong trading of the insolvency division. 

The Group's core business of insolvency administration, which accounts for over 80% of Group turnover, is continuing its good progress and is trading significantly ahead of the same period last year. The Group's non-insolvency divisions are continuing to experience challenging market conditions but, overall, are currently trading in line with management expectations. 

Group cashflows are in line with management expectations and the Group is in a strong financial position with significant headroom in its bank facilities. 

An update on our performance for the six months ending 31 October 2009 will be provided in early December.

Enquiries please contact:

Information on Begbies Traynor can be accessed via the Group's website at www.begbies-traynorgroup.com