StockMarketWire.com - Business recovery and property services consultancy Begbies Traynor's outlook for the year as a whole remains unchanged.

The group says trading in the third quarter to the end of January, including the post-acquisition performance of the Eddisons business, was in line with the board's expectations.

The group says that although quarterly corporate insolvency appointments continue to show year on year declines, the absolute number of insolvencies in the final three quarters of calendar year 2014 stabilised at an average of c4,100 appointments per quarter.

In 2014 as a whole there were 17,117 (2013: 18,856) corporate insolvencies, which represents a 9% year on year decrease. Trading in the insolvency division in the period was broadly consistent with that reported at the half year.

Executive chairman Ric Traynor said: "Increased activity levels in the typically busier winter months for insolvency leave the group well placed to deliver the Board's expectations for the year as a whole." "I am pleased with the initial progress in integrating Eddisons into the group; their team adds significant expertise in the valuation and disposal of property and business assets for insolvency, which is intrinsic to the group's core insolvency practice, as well as expanding our service offering into other areas of property advice."




At 8:11am: [LON:BEG] Begbies Traynor Group PLC share price was -0.75p at 46.75p



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