Begbies Traynor Group PLC AGM Statement and Trading Update (4586K)
September 22 2016 - 1:00AM
UK Regulatory
TIDMBEG
RNS Number : 4586K
Begbies Traynor Group PLC
22 September 2016
22 September 2016
Begbies Traynor Group plc
AGM Statement
Trading Update
Begbies Traynor Group plc ("the Group"), the business recovery
and property services consultancy, is today holding its Annual
General Meeting. Ric Traynor, Executive Chairman, will make the
following statement:
"Last year was one of solid progress for the group with growth
in both revenue and profits, and completion of the integration of
our property services division, Eddisons. We remain well positioned
to take advantage of the cyclicality of the insolvency market,
where we have maintained our market-leading position by number of
appointments, and to develop our property services.
Our trading in the first quarter of the current financial year
was satisfactory. Performance in both divisions was in line with
our expectations, despite the continuing challenging levels of
market activity.
The Government insolvency statistics* in the most recently
reported second quarter of the calendar year showed the number of
corporate insolvency appointments was broadly unchanged (3,674
appointments compared to 3,652 in the same period of 2015). For the
first six months of the calendar year there was a 2% fall in the
number of corporate insolvency appointments to 7,514 compared to
7,664 in the same period of 2015.
Overall, we continue to be confident of the prospects for the
group and will look for further opportunities to develop and
enhance the business, both organically and through selective
acquisitions."
* Source: The Insolvency Service quarterly statistics of
corporate insolvency appointments in England and Wales
- ENDS -
Enquiries please contact:
Begbies Traynor Group PLC 016 1837 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
Information on Begbies Traynor Group can be accessed via the
Group's website at www.begbies-traynorgroup.com and on twitter
@Begbies
This information is provided by RNS
The company news service from the London Stock Exchange
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September 22, 2016 02:00 ET (06:00 GMT)