Begbies Traynor has posted positive preliminary year-end figures, with a
profit before tax and amortisation of £7.3m.
Executive chairman Ric Traynor said that although the general insolvency
market had been ‘static’, economic indicators suggested that there would be more
struggling businesses in the near future.
Revisions of revenue recognition rules saw Begbies recognise more revenue
from work undertaken, resulting in additional historical tax charges of
£500,000, payable over three years.
Mark McMullen joins the private client services team from Smith & Williamson
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks