BusinessCompany NewsBegbies sets £100m turnover goal

Begbies sets £100m turnover goal

Begbies Traynor guns for an ambitious £100m revenue target after recording a 58% rise in half­year turnover

The corporate rescue firm raked in £22m compared to just under £14m for the
corresponding period in 2005.

As it released its interim results, Begbies said: ‘We shall pursue a
combination of organic and acquisitive growth in our current professional
service offerings and in extended compatible new areas of professional activity.
With a view to delivering group activity in excess of £100m by 2010, whilst
retaining operating margins at 20% or better.’

AIM-listed Begbies said it was firmly on target to turnover £50m by the last
quarter of calendar 2007. The firm cited the success of its programme of
acquisitions and lateral hiring of experienced professional teams to fuel
growth, as instrumental in the board’s decision to extend its strategic plan
beyond the original 2007 goals.

Begbies added that it had already earmarked the areas that it was looking to
exploit and its board was actively targeting opportunities within them.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor