Begbies Traynor Group PLC
LSE:BEG
Begbies Traynor Group PLC
Begbies Traynor Group Plc provides a range of professional services to businesses, their professional advisors and the major banks covering insolvency, restructuring and risk management activities. The company operates through two segments: business recovery and financial advisory services, and property advisory and transactional services. The company provides a range of services, including corporate and personal insolvency, corporate finance, financial advisory, valuations, transactional services, and property consultancy, planning, and management. The corporate and personal insolvency services include handling of corporate appointments in the United Kingdom, serving the mid-market and smaller companies. Its corporate finance services include buy and sell side support on corporate transactions. Its financial advisory services include debt advisory, due diligence, and transactional support, pensions advisory, business, and financial restructuring, forensic accounting and investigations. Its valuation services include valuation of property, businesses, machinery, and business assets.
Begbies Traynor Group Plc provides a range of professional services to businesses, their professional advisors and the major banks covering insolvency, restructuring and risk management activities. The company operates through two segments: business recovery and financial advisory services, and property advisory and transactional services. The company provides a range of services, including corporate and personal insolvency, corporate finance, financial advisory, valuations, transactional services, and property consultancy, planning, and management. The corporate and personal insolvency services include handling of corporate appointments in the United Kingdom, serving the mid-market and smaller companies. Its corporate finance services include buy and sell side support on corporate transactions. Its financial advisory services include debt advisory, due diligence, and transactional support, pensions advisory, business, and financial restructuring, forensic accounting and investigations. Its valuation services include valuation of property, businesses, machinery, and business assets.
Revenue Growth: Revenue rose 7% to £82 million in the half year, driven by strong organic growth in restructuring and property advisory.
Profit & Margins: EBITDA increased 5% to £16.1 million, with margins down slightly due to higher national insurance costs, though underlying operational margins improved in key divisions.
Dividend Increase: Interim dividend was raised 7% to 1.5p, reflecting confidence in the business's ongoing performance.
Restructuring Strength: Restructuring saw 13% like-for-like revenue growth and increased market share, with positive activity continuing into the second half.
Headwinds & Delays: The financial advisory and transactional property businesses faced market headwinds, causing some deals to be delayed into H2.
Acquisition Activity: Two post-period acquisitions extended property advisory coverage and are expected to contribute to H2 results.
Full-Year Outlook: Management remains confident of meeting market expectations for the full year and reiterated the medium-term revenue target of £200 million.
