Begbies Traynor posts £22m pretax profit in 10th year of growth

Begbies Traynor posts £22m pretax profit in 10th year of growth

Ric Traynor

Begbies Traynor Group has reported its tenth consecutive year of growth, boosted by both a surge in small business insolvencies and a promising outlook for the property sector.

The firm posted a pretax profit of £22 million for the year ended 30 April 2024, up from £20.7m the previous year. Revenues grew to £137m from £122m. The group has announced a dividend of 4p.

Ric Traynor, executive chairman of Begbies Traynor Group, said: “I am pleased to report on another successful year of strong financial performance, which now represents a decade of profitable growth.

“This has been driven by our proven growth strategy of investing in organic development and earnings enhancing M&A, resulting in a diversified and resilient business. We have delivered value to shareholders across the cycle having tripled the size of the business with a six-fold increase in profit since 2014.

“We have started the new year confident of a further year of growth, in line with market expectations. Activity levels across our service lines are encouraging with positive momentum across the group.

“Overall, our broad range of services, diversified client base, organic growth initiatives and pipeline of acquisition opportunities, leaves us confident of continuing our track record of growth.”

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