Begbies Traynor Group plc, the Manchester-based business recovery and financial advisory firm, said it expected to hit market expectations for the full year, ahead of its annual general meeting on Tuesday. 

Ric Traynor, Executive Chairman, said: “We have made a good start to our new financial year with encouraging activity levels, whilst continuing to invest in organic development through the recruitment of additional senior fee earners across the group. Results for the first quarter to 31 July 2024 were in line with our expectations, reporting double digit growth in both revenue and adjusted profits versus the comparative period in 2023.” 

“We remain confident of delivering market expectations for the full year, reflecting positive momentum across the group and continuing elevated insolvency levels. There continue to be attractive opportunities for the group to grow and consolidate in its chosen markets, which remain fragmented and offer attractive financial returns.”

Analysts are expecting revenue of £148 million to £150 million and adjusted profit before tax of £23 million to £24.3 million.