Acquisitions help deliver strong growth for Begbies Traynor

Four acquisitions completed over the last year have helped deliver 12 per cent revenue growth and a seven-figure boost in pre-tax profit for Begbies Traynor.

For the financial year ending 30 April 2024, the professional services consultancy recorded overall revenues of £136.7m and adjusted profit before tax of £22m.

The company's business recovery services delivered strong results - boosted by a 12 per cent national increase in corporate insolvencies - while its M&A services continued to grow.

During the year, the company acquired Banks Long & Co, Andrew Forbes, SDL Auctions and John Giles & Clay. It also purchased a portfolio of insolvency cases from a London insolvency practitioner.

Ric Traynor, executive chairman of Begbies Traynor Group, said: “I am pleased to report on another successful year of strong financial performance, which now represents a decade of profitable growth. This has been driven by our proven growth strategy of investing in organic development and earnings enhancing M&A, resulting in a diversified and resilient business. We have delivered value to shareholders across the cycle having tripled the size of the business with a six fold increase in profit since 2014.

“We have started the new year confident of a further year of growth, in line with market expectations. Activity levels across our service lines are encouraging with positive momentum across the group. Overall, our broad range of services, diversified client base, organic growth initiatives and pipeline of acquisition opportunities, leaves us confident of continuing our track record of growth.”