The advisory businesses are expecting to profit from a surge in insolvencies as worsening economic headwinds start sinking more UK firms.
Begbies Traynor’s executive chairman Ric Traynor told City A.M. the consultancy stands ready to capitalise on the highest levels of insolvency activity for “over ten years”.
“We expect continued growth from business recovery and financial advisory, given its increased order book, higher level of enquiries and increasing economic headwinds,” Traynor said.
He argued the recession will also offer Begbies Traynor an opportunity to snap up smaller rivals, as it pushes ahead with efforts to become a “bigger fish” in the small and medium-sized enterprise (SME) insolvency pond.
Read more at City A.M.
