Profits up at Begbies Traynor

Insolvency adviser Begbies Traynor said it made solid progress in the six months to the end of October as activity levels remain stable despite signs of wider financial distress.

Insolvency adviser Begbies Traynor said it made solid progress in the six months to the end of October as activity levels remain stable despite signs of wider financial distress.

Pre-tax profits rose to £3.4m during the six-month period from £3.1m the same time a year before. Revenues eased to £29.4m from £29.8m. Earnings before interest, tax, amortisation and pre-exceptional items and acquisition-related costs rose to £4.6m from £4.4m in 2010.

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