Begbies Traynor Group (BTG), an insolvency specialist, expects activity to increase in the coming months as the business support measures introduced by the Government during the pandemic come to an end.
At its AGM BTG executive chairman, Ric Traynor informed shareholders: “Last year was one of real progress for the group, in which we delivered a strong financial performance, representing another year of growth in revenue and adjusted profits, despite the impact of the COVID-19 pandemic, whilst making substantial investments which significantly increased the scale of the group and its capabilities. In the first quarter of the new financial year, commencing 1 May 2021, we have achieved double-digit growth in revenue and profit reflecting the benefit of our recent acquisitions and the bounce back in activity from last year’s lockdowns.”
Mr Traynor said: “As we have previously reported, the insolvency market has been suppressed over the last 18 months due to government support measures. However, since May 2021, the Insolvency Service has reported month on month increases in insolvency appointments nationally”.
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