Begbies Traynor snaps up Manchester firm
2nd Oct 2013 10:47
Business recovery and insolvency specialist Begbies Traynor has acquired a Manchester rival with a powerful online presence. Days after it bemoaned the depressed conditions of the insolvency market, the AIM company snapped up profitable Cooper Williamson for £0.9m in cash and shares. The Manchest
Read moreBegbies Traynor Group reports fall in pre-tax profit
3rd Jul 2013 10:57
UK business recovery practice, Begbies Traynor Group, reported a drop in annual pre-tax profits as the number of corporate insolvency appointments declined by 10 per cent. Pre-tax profit for the year ended April 30th came to £2.4m, down from last year's £5.5m, as revenue fell to £51.1m from £57.7m.
Read moreBegbies Traynor reports sustainable levels of profitability in Q3
28th Feb 2013 13:40
Shares in AIM-listed Begbies Traynor Group rose after the group reported that profits from continuing expectations for the quarter ending January 31st were 'in line with the board's expectations'. The company, which provides business recovery practise services, reported that group profit from conti
Read moreBegbies Traynor hit by less insolvencies
12th Dec 2012 07:49
AIM-listed insolvency consultancy Begbies Traynor said revenues for the half year were hurt by a subdued summer insolvency market. Adjusted pre-tax profit fell to £3.2m for the six months ended October 31st 2012 from £4.1m the year before. Revenue for the period fell to £26.1m from £29.4m previousl
Read moreTuesday newspaper round-up: BAE, Lloyds, Russia
23rd Oct 2012 06:27
Pressure on senior BAE Systems board members hardened last night after it emerged that shareholders representing almost a fifth of the company had called for high-profile scalps. In a letter to the board, Invesco Perpetual, the biggest shareholder with 13 per cent and the principal critic of the fai
Read moreBegbies Traynor sounds red alert on corporate UK
19th Oct 2012 13:50
Bigger companies and those based in the south of Britain are faring better than their smaller, northern rivals, according to the latest 'Red Flag Alert Report' from Begbies Traynor Group, the insolvency accountant. The results of the report on the health of corporate UK confirm anecdotal evidence.
Read moreLondon pre-open: Small decline expected in early trading
1st Oct 2012 07:23
City sources predict the FTSE 100 will open down eight points from Friday's close of 5,742, tracking declines seen in Asia overnight and in the US at the end of last week. Concerns over Spain look set to persist this week, with investors expected to pour over the findings of the private-sector aud
Read moreBegbies Traynor experiences quiet summer
1st Oct 2012 06:59
AIM-listed insolvency consultancy Begbies Traynor has said that trading in the second quarter has been quiet, reflecting usual seasonal trade patterns as well as continuing subdued market conditions. In the group's annual general meeting on Monday, Executive Chairman Ric Traynor will announce that
Read moreBegbie waves red flag at Chairman
10th Apr 2012 15:27
Begbies Traynor, the insolvency consultancy group, is selling its Red Flag Alert credit risk business to its Chairman, Ric Traynor. Traynor, Begbies Traynor's Executive Chairman, has acquired the controlling interest in the Red Flag Alert LLP, with Begbies retaining a minority interest in the partn
Read moreBegbies Traynor struggling to cash in on recession
12th Mar 2012 09:21
Begbies Traynor, the insolvency practitioners, is seeing weak demand as low finance costs help keep UK companies from going bust. In a trading update on its third quarter ending January 31st, the company says profits are in line with the comparable period of 2010 without providing specific figures
Read moreLarge rise in UK companies facing critical financial distress
19th Jan 2012 13:11
Begbies Traynor's Red Flag Alert, the UK's leading quarterly benchmark of company distress, shows a 24% year-on-year increase of companies facing 'critical' levels of financial distress in the fourth quarter of 2011, compared to the same period in 2010. According to the firm, many key sectors face
Read moreProfits up at Begbies Traynor
15th Dec 2011 08:32
Insolvency adviser Begbies Traynor said it made solid progress in the six months to the end of October as activity levels remain stable despite signs of wider financial distress. Pre-tax profits rose to £3.4m during the six-month period from £3.1m the same time a year before. Revenues eased to £29.
Read moreBegbies shares plunge on profit warning
10th Mar 2011 14:20
Insolvency adviser Begbies Traynor slashed its expectations for the year after a poor third quarter for its tax division, causing its shares to plunge on Thursday. The tax division has seen reduced demand for tax planning services and transactional tax services, it said. This has primarily been du
Read moreMore companies running up the red flag
24th Jan 2011 07:26
The fourth quarter 'Red Flag Alert' report from business recovery specialist Begbies Traynor has shown the first year on year increase in the number of companies in distress since the second quarter of 2009. The number of companies experiencing 'significant' or 'critical' financial problems rose 20
Read moreBroker tips: BSkyB, Begbies, Costain
22nd Dec 2010 13:33
Daniel Stewart has reiterated a 'hold' rating for satellite broadcaster British Sky Broadcasting (BSkyB) in light of recent developments relating to the News Corp bid. Business secretary Vince Cable unwittingly told two undercover reporters that he had "declared war" on Rupert Murdoch's News Corp "
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