Begbies still on acquisition trail
Begbies buys Wallets in Stoke to continue expansion through acquisitions
Begbies buys Wallets in Stoke to continue expansion through acquisitions
BEGBIES TRAYNOR, the listed insolvency pracitioners, have acquired Stoke firm Wallets Insolvency Services.
the news comes in a statement to the markets this morning though the price was not disclosed.
Ric traynor, executive chairman of Begbies, said the acquisition was in line with the firm’s plan to expand its core insolvency and restructuring business.
At the beginning of November the firm announced it has bought Hamiltons, a practice in Sheffield while in June the firm bought Tomlinson in Manchester.
In July Begbies revealed that revenues for the year ending April 2010 were up 11% to £69.1m. Profits before tax were up 6% to £10.4.
Begbies’ share price stood at 108.5p in January this but has been on a downward trend since. It’s lowest point came in July when it reached 53.75p. At the end of trading on Friday the share price stood at 67p.
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from...
View articleBegbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restora...
View articleTop 50+50 firm Begbies Traynor recorded pre-tax profits of £4.5m for the year, boosted by its property services unit, despite seeing insolvencies drop...
View articleINSOLVENCY outfit Begbies Traynor has signed an agreement with the Chartered Institute of Credit Management (CICM) to become one of its new corporate ...
View articleBEGBIES Traynor’s Scottish insolvency team has won a major contract for the Northern Ireland government’s Department of Enterprise, Trade ...
View articlePre-tax profits at Begbies Traynor slump to£600,000 from £1.5m in the the six months ended 31 October 2015 Read More...
View articleMajority of the 22-strong staff have been made redundant, but a skeleton staff of seven remains to complete certain contracts Read More...
View articleBegbies Traynor acquires trade and assets of The P&A Partnership out of administration in a pre-pack deal worth of £860,000 Read More...
View article