StockMarketWire.com - Begbies Traynor said 'good' performance in third quarter and recent acquisitions boosted its core business as it remained on track to deliver on its full year outlook.

During the third quarter, 'we have successfully completed a number of contingent engagements and seen a continuing good flow of insolvency appointments,' the company said, with several contingent instructions expected to complete in the final quarter.

The company is betting the completion of a number of contingent fee engagements and higher activity levels will bolster performance of its recovery and advisory services business.

The total number of corporate insolvencies in calendar year 2018 increased by 10% to 16,090 from 14,631 a year earlier.

The property services business had continued to perform well in the third quarter and the company completed the acquisition of Croft Transport Planning & Design on 31 January 2019.

Croft would strengthen its property professional services business, through expanding the consultancy services offered to real estate developers and corporate clients.

'We have had a busy few months with a good third quarter performance and the completion of recent acquisitions that further develop our core businesses. We remain confident that we are on track to achieve our expectations for the year as whole,' said Ric Traynor, Executive Chairman of Begbies Traynor Group.






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