- Adjusted pre-tax profits at Begbies Traynor rose to £4.9m in the year to the end of April - up from £4.5m last time.

Revenues of £49.7m were down from £50.1m in 2016 and pre-tax profits of £0.6m were down from £0.9m.

The board has proposed a total dividend of 2.2p per share - unchaged from last time.

Executive chairman Ric Traynor said: "We have had a year of further progress in developing the group and broadening its service offerings, with earnings in line with expectations.

"The results reflect a solid performance in business recovery together with the benefit of our diversification into property services, which now contributes approximately 30% of the group's revenue and profit, and is an important focus of our growth strategy.

"We remain the leading UK corporate appointment taker by volume and are well-positioned to take advantage of the cyclicality of this market.

"Looking forward, we anticipate a growth in earnings in the new financial year as the board continues to look for further opportunities to develop and enhance the business, both organically and through selective acquisitions."

At 8:06am: [LON:BEG] Begbies Traynor Group PLC share price was -1.5p at 48p

Story provided by