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Professional Services

Professional services giant Begbies Traynor's full-year results to be 'comfortably ahead' of market expectations

The firm has more than 100 offices across the º£½ÇÊÓÆµ

Ric Traynor, executive chairman of Begbies Traynor Group(Image: Birmingham Post)

Professional services giant Begbies Traynor has said its full-year results are set to be "comfortably ahead" of market expectations, with revenue and pre-tax profits both surging.

The Manchester-headquartered group is expected to report a revenue of £83.7m for the 12 months to April 30, 2021, up from the £70.5m it achieved in its prior year.

The listed company's adjusted pre-tax profits are also set to rise from £9.2m to £11.5m.

In a statement issued to the London Stock Exchange, the group hailed its "strong trading performance" in its final quarter across both operating divisions.

The firm has more than 100 offices across the º£½ÇÊÓÆµ.

Executive chairman Ric Traynor said: "We expect our results for the full year will be comfortably ahead of market expectations.

"This will represent another year of growth in revenue and profits, whilst investing in the group to expand the range and depth of our service lines.

"This strong financial performance is despite the impact of a suppressed insolvency market and the lockdown at the start of the financial year.