Skip to content
Friday 14 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,744.69
-0.26%
DAX
26,477.65
+0.68%
CAC 40
8,644.64
-0.07%
STOXX 50
6,555.06
+0.15%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 17 November 2022 8:20 am

Begbies Traynor on track for double digit growth as it cashes in on insolvencies

By: Leah Montebello

Add as a preferred source on Google
Hedge fund Saba Capital owns a significant stake in all seven trusts.
Hedge fund Saba Capital owns a significant stake in all seven trusts.

Begbies Traynor said it was on track for double digit growth as it cashes in on the economic instability.

The corporate restructuring firm said in a trading update that it expects revenue to climb 12 per cent to £58.5m, with adjusted profit before tax also up 13 per cent to £9m.

Begbies Traynor said insolvency appointments increased in the half year, including a number of larger, mid-market  insolvency and restructuring cases. It said this was driven by increased activity in administrations and expanded London office and offshore practice.

“We have performed well in the first half with double digit growth and strong performances in both  divisions,” Executive chairman for the firm Ric Traynor said.

“As corporate financial distress levels rise in a deteriorating economic environment, we  anticipate continued momentum in activity levels in insolvency and restructuring and we are better  placed than ever to take advantage of this with our expanded presence and enhanced service offering. 

He said the London-listed firm remain confident of delivering market expectations for the full year.

The group will report its half year results for the six months ended 31 October 2022 on 13  December.

Read more

BTG Consulting cites poaching from ‘major competitors’ for boosted revenues

Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Begbies Traynor

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • It’s not just Jason Arday, most of sociology is a scam

  • IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

  • Grandparents fund university degrees to avoid inheritance tax net

  • Five-star Mayfair hotel hit with HMRC winding-up petition

More from Morning Wire

  • BTG Consulting cites poaching from ‘major competitors’ for boosted revenues

    Advisory
    Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.
  • Gino D’Acampo restaurants face HMRC winding-up order

    Hospitality
    Gino DAcampo, smiling in a bright yellow jacket, against a dark background with GES & CO and WHSmith logos
  • Bureau Veritas: Delivering on Our Commitments With Higher Sequential Organic Growth in Q2 and Continuous Margin Improvements

    Business Wire
  • De’ Longhi Group: a Quarter of Robust Revenue Growth of 8.4% and Solid Margin Expansion Drives an Upward Guidance Revision

    Business Wire
  • ITV hands shareholders £100m returns after £1.6bn Sky deal

    Media
    Studios revenue rose three per cent to £893m, driven by an 11 per cent jump in external sales to streaming platforms.
  • Balfour Beatty ups profit forecasts as it defies construction gloom

    Transport & Infrastructure
    Balfour Beatty construction site showcasing cranes, workers, and building progress against a city skyline backdrop
  • Admiral profit slides as boss eyes push into EV insurance

    Insurance
    Admiral has reported a bumper set of results
  • HSBC sells Singapore insurance arm to Allianz in £1.6bn deal

    Banking
    HSBC's stock has taken a hit due to the huge tariffs slapped on Asian countries.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook