PROFESSIONAL services restructuring specialist Begbies Traynor has said it would report a double-digit revenue boost this year thanks to the economic recovery.

It said revenue is expected to jump by around 12 per cent to £136m over the last financial year, up from the £121.8m recorded in 2023 Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to increase by around nine per cent to £29m (2023: £26.6m), as the firm states are "ahead of market expectations".

Net debt would be lower than anticipated it said, at £1.4m on 30 April.

Over the last financial year, Begbies Traynor completed four acquisitions, including Banks Long & Co in Lincoln, Jones Giles & Clay in Cardiff, Andrew Forbes in Bristol and SDL auctions in Nottingham.

Ric Traynor, executive chairman said: "We have delivered another strong performance... driven by increased activity levels in business recovery, which maintained its market-leading position by volume, and very strong growth across our property advisory and transactional services teams."

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