Solid showing for insolvency specialist Begbies Traynor
Insolvency specialist Begbies Traynor reported improved revenue and profit levels for the year to April 30, today.
The Manchester-based firm, which also has offices in Liverpool, Preston, Sheffield, Burton, Worcester and Teesside, said it had enjoyed a "solid performance" during the year as revenues frose from £49.7m to £52.4m, while pre-tax profits of £2.3m compared with £600,000 last time.
Adjusted profit before tax came in at £5.6m, up from £4.9m.
Net debt has been reduced from £10.3m a year ago to £7.5m.
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