Insolvency specialist Begbies Traynor has notched up 10 years of growth in a row as profits nearly doubled amid a surge in larger scale company failures.
The group said it was seeing trading in its business recovery and advisory division – which accounts for 55% of group revenues – boosted by larger and higher value insolvencies.
This helped the firm’s business recovery arm deliver a 5% rise in revenues to £83.7 million over the year to April 30 despite a slight fall in the number of corporate insolvencies more widely across the UK.
Official figures…