Begbies Traynor Group plc, the Manchester-based business recovery, financial advisory and property services consultancy, said its revenue is expected to increase 11% to £122 million and adjusted profit before tax is expected to increase by 16% to £20.7 million for the year to April 30, 2023.

Begbies Traynor Group executive chairman Ric Traynor: “We performed strongly in the financial year, with results ahead of market expectations, aided by our increased scale and enhanced reputation in mid-market insolvency.

“We have further developed our range of services, extending both our financial advisory business and property advisory services through earnings accretive acquisitions principally funded by strong cash generation.

“Our strong financial position leaves us well placed to continue to invest in the business, both organically and through acquisitions, to continue building our scale and range of complementary services.

“We have started the new year confident in our outlook for a further year of growth. 

“Our insolvency team will benefit from their recent insolvency appointments, together with anticipated further growth in the insolvency market. 

“We continue to identify growth opportunities for our advisory and property teams, including the recently announced acquisition of Banks Long & Co.”