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Begbies Traynor Group 14 December 2021 Begbies Traynor Group plc Half year results for the six months ended 31 October 2021 " Strong first half performance and confidence in full year outlook " Begbies Traynor Group plc ( the ' company ' or the ' group ' ) , the business recovery , financial advisory and property services consultancy , today announces its half year results for the six months ended 31 October 2021 . Financial overview 2021 2020 £ m £ m Revenue 52.3 37.5 Adjusted profit before tax * ** 8.0 5.0 Profit before tax 2.7 0.5 Adjusted basic EPS * *** 4.1 3.1 Basic EPS ( p ) ( 0.2 ) ( 0.3 ) Interim dividend ( p ) 1.1 1.0 Net cash 1.2 0.7 Highlights • • • • • Strong financial performance , reflects benefit and integration of recent acquisitions ○ Maintains track record of growth in revenue and adjusted earnings Revenue growth of 39 % with increased operating margins to 16.0 % ( 2020 : 14.4 % ) Strong adjusted profit before tax growth of 60 % ; statutory profit before tax reflects increased non - cash amortisation costs , and transaction costs , from recent acquisitions Significant growth in segmental revenue and profits ○ ○ Business recovery and financial advisory reported material growth : recent acquisitions in line with expectations ; organic activity reflected suppressed market , as expected ; advisory and transactional teams performed well Property advisory and transactional services : performance improved from lockdown impacted prior period Continued to expand the scale and capabilities of the group ○ Acquired MAF Finance Group ( finance brokerage ) in May 2021 , which complements existing advisory and transactional services о Acquired the team from Fernie Greaves Chartered Surveyors in October 2021 , who joined our existing Eddisons Sheffield office 10 % increase in the interim dividend , building on the increases of the previous four years Strong balance sheet and significant levels of headroom within our committed bank facilities enable continued investment in organic and acquisition opportunities Current trading and outlook Results for the full year expected to be in line with current market expectations **** , which will represent a year of significant growth ○ As previously guided , we expect a second half weighting as a result of an anticipated increase in market insolvency levels over the remainder of the financial year Q3 trading update will be issued in early March 2022 Commenting on the results , Ric Traynor , Executive Chairman of Begbies Traynor Group , said : " I am pleased to report a strong financial performance in the period , which is testament to the benefit and integration of our recent acquisitions and maintains our track record of growth in revenue and adjusted earnings . This strong performance , and an anticipated increase in national insolvency numbers following the removal of the Government's pandemic support measures , leaves us confident of delivering market expectations **** for the full year . " We have a strong platform for growth , and we continue to progress a pipeline of acquisition opportunities , which together with organic growth initiatives across the group , will enable us to build upon our track record and we remain confident in our outlook for the current year and beyond . "