Corporate recovery specialist Begbies Traynor’s finances were in the spotlight yesterday.
Overall revenues slid from £51 million in 2013 to £45.7m in the year to April 30, while earnings before interest, tax and amortisation fell from £7.6m to £6m.
A £3m reduction in exceptional costs in the period meant overall pre-tax profits came in £1.38m ahead of 2013 at £3.79m.
The firm said the financial result was in line with market expectations.
Executive chairman Ric Traynor said the group had the largest number of corporate insolvency appointments in the UK, and “delivered solid profits and margins despite lower levels of corporate insolvencies in the calendar year 2013 compared to 2012”.