Begbies Traynor continues to trade strongly in H2

23 February 2021

(Sharecast News) - Corporate restructuring specialist Begbies Traynor said on Tuesday that its recent strong trading performance had continued across both of its operating divisions since the half.
Begbies said its performance left it "confident" of the outcome for the full-year and delivering results at least in line with expectations for the year as a whole.

The London-listed firm stated its business recovery and financial advisory business continued to "perform well", maintaining its run rate for activity levels and new appointments in spite of Government economic support measures.

Begbies added that its property advisory and transactional services business had delivered "a robust performance" in the quarter, with no adverse impact from lockdown restrictions over the period.

Chairman Ric Traynor said: "The group continues to perform well which gives us confidence in delivering results at least in line with expectations for the current year.

"With the benefit of recent acquisitions and other organic growth initiatives the group is also well positioned to deliver the anticipated material growth in earnings in the 2021-22 financial year."

As of 0920 GMT, Begbies Traynor shares were up 6.34% at 109.0p.