Last checked at 10 Mar 2016 07:00
10 March 2016
Begbies Traynor Group plc
Third Quarter Trading Update
Begbies Traynor Group plc ("'the Group"), the business recovery and property services consultancy, today issues a trading update for its third quarter ended 31 January 2016.
The Group's performance has been consistent with the outlook reported at the time of the half year results in December 2015 with both of the Group's divisions performing as anticipated.
The estimated number of company insolvencies in England & Wales (Source: The Insolvency Service) for the 12 months ended 31 December 2015 was 14,629 (31 December 2014: 16,317), a decrease of 10.3%; company insolvencies have been on a declining trend since 2011 and are now at the lowest level since 1989.
*Source: The Insolvency Service quarterly insolvency statistics, 29 January 2016.
Ric Traynor, Executive Chairman of Begbies Traynor Group plc, said:
"The Group is well placed to deliver the Board's expectations for the financial year as a whole."
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Enquiries please contact:
Begbies Traynor Group PLC 0161 837 1700
Ric Traynor - Executive Chairman
Nick Taylor - Group Finance Director
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Bruce Garrow / Nilesh Patel
Shore Capital 020 7408 4090
(Joint Broker)
Mark Percy / Anita Ghanekar
MHP Communications 020 3128 8100
Reg Hoare / Katie Hunt / Giles Robinson
Notes:
Begbies Traynor Group is a business recovery and property services consultancy, providing services nationally from a comprehensive network of UK locations, through two operating divisions: Begbies Traynor and Eddisons.
Begbies Traynor is the UK's leading independent business recovery practice handling the largest number of corporate appointments, principally serving the mid-market and smaller companies. We provide a range of specialist professional services primarily to businesses, their professional advisors and the major banks covering insolvency, restructuring and risk management activities.
Eddisons is a leading UK firm of chartered surveyors, offering a wide range of specialist services to banks, insolvency practitioners, and owners and occupiers of commercial property. The core services offered are valuation and disposal of property including fixed charge property receiverships; valuation and disposal of machinery and business assets; auctions; insolvency insurance brokerage; property and facilities management; and building consultancy and ratings valuations.
Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com