PRE-TAX profits at Begbies Traynor shot up to £4.5m for the year to the end of April, as the firm was boosted by its property services unit, despite seeing insolvencies drop to its lowest level since 2004.
The insolvency outfit recorded pre-tax profits of £600,000 for the year, compared to losses of £700,000 in the prior year.
Its adjusted pre-tax profits rose by 25% to £4.5m over the same period, while the firm broke the £50m mark in revenue.
In December 2015, pre-tax profits at Begbies dived during the six months ended 31 October 2015 owing to challenging market conditions
The latest results represent a successful first full year for Begbies following the acquisition of Eddisons, a n…
Read the full article at: https://www.accountancyage.com/2016/07/12/begbies-traynor-turns-profit-as-insolvency-figures-slump/