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Begbies Traynor profits lifted by rising insolvencies

Higher insolvency volumes are boosting its top line as M&A supercharges growth
Begbies Traynor profits lifted by rising insolvenciesPublished on December 10, 2024
  • Adjusted pre-tax profits up by 16 per cent to £11.5mn
  • Net debt position of £3.8mn after significant payouts

A combination of tax hikes introduced in Labour’s Budget and higher-for-longer interest rates are set to drive more companies into administration, or at least that’s what insolvency specialist Begbies Traynor (BEG) is basing part of its growth outlook on. 

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