INTERVIEW: Begbies Traynor Sees Reasonable Volume Of Buys

8th Jul 2010 08:31

By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. insolvency specialist Begbies Traynor Group PLC (BEG.LN) expects to continue to make bolt-on acquisitions in the fiscal 2011, Executive Chairman Ric Traynor said Thursday, adding that the firm already has some insolvency-related buys in its sights. "We expect to have a period of going back to acquisitions of a small size, but a reasonable volume of them," Traynor said, adding that the firm was looking overseas as well as in the U.K. "Europe is the focus for us," he said. "We'll be looking more for pre-insolvency work, like restructuring, rather than insolvency work." Traynor said the expansion into Europe would likely start with recruitment of senior partners and new offices, but didn't rule out acquisitions. Begbies last month bought Manchester-based insolvency practice Tomlinsons and expanded its offshore practice by opening an office in the Cayman Islands. -By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; [email protected] (END) Dow Jones Newswires July 08, 2010 03:31 ET (07:31 GMT)