Begbies Traynor Group PLC Statement re COVID-19 (2954H)
March 24 2020 - 2:00AM
UK Regulatory
TIDMBEG
RNS Number : 2954H
Begbies Traynor Group PLC
24 March 2020
24 March 2020
Begbies Traynor Group plc
Statement re COVID-19
Begbies Traynor Group plc (the 'company' or the 'group'), the
business recovery, financial advisory and property services
consultancy, today provides an update on its initial response to
the COVID-19 outbreak. We continue to closely monitor and act upon
the information released by the authorities.
Our top priority is the health, safety and well-being of our
colleagues, with whom we are communicating regularly. We have
quickly enabled the majority of our employees to work remotely and
securely as of last week, whilst continuing to provide advice and
support to our clients in this challenging environment.
The group has a breadth of service lines with multiple sources
of revenue and retains a strong counter-cyclical focus (accounting
for 65% of our income); this broad range and depth of services
provides the group with flexibility as the impact of COVID-19 on
the economy and our markets develops. In these challenging times we
will be working to ensure businesses and all stakeholders receive
the appropriate advice to assist them in working through these
difficult circumstances.
As we reported with our half year results issued in December
2019, the group is in a strong financial position including having
significant headroom on its committed bank facilities. We will
provide an update on Q4 trading following the group's year-end, 30
April 2020.
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
Ric Traynor - Executive Chairman
Nick Taylor - Group Finance Director
Canaccord Genuity Limited 020 7523 4588
(Nominated Adviser and Joint Broker)
David Tyrrell / Sunil Duggal / Angelos Vlatakis
Shore Capital
020 7408 4090
(Joint Broker)
Mark Percy / Anita Ghanekar
MHP Communications
07734 769359
Reg Hoare / Katie Hunt
Information on Begbies Traynor Group can be accessed via the
group's website at
www.begbies-traynorgroup.com/investor-relations.
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END
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