Begbies Traynor grew revenues to £45m for its year-end to 30 April, and
operating profit to £10m, reiterating its promise to double its topline figures
over the next three years.
The business recovery and corporate finance firm posted £10m profits for
2006/2007, up 29% from £7.8m a year earlier.
Turnover had increased by 35% from £33.2m in 2006.
Executive chairman Ric Traynor said the firm was in line to deliver revenues
of £100m by 2010.
‘I remain confident that we will be able to attract the people we need and
will achieve our goal of doubling the turnover, profits and value of the group
over the next three years,’ said Traynor.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies