BusinessBusiness RecoveryBegbies results bode well for growth targets

Begbies results bode well for growth targets

Begbies grows turnover and profits, and is in line to double them over the next three years

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.

Further reading:

700 jobs lost at CD retailer
Fopp

Related Articles

EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

3m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

4m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

6m Alia Shoaib, Reporter
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

9m Stephanie Wix, Writer
Oil and gas sector insolvencies hit “new high”

Accounting Firms Oil and gas sector insolvencies hit “new high”

10m Stephanie Wix, Writer
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

7m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

8m Emma Smith, Managing Editor
Business confidence drops to second lowest level since 2011

Business Recovery Business confidence drops to second lowest level since 2011

9m Stephanie Wix, Writer