Acquisition

RNS Number : 3683N

Begbies Traynor Group PLC

10 June 2010

 

Begbies Traynor Group plc

Acquisition

Begbies Traynor Group plc (the "Group"), the specialist professional services consultancy, today announces the acquisition of Tomlinsons, a Manchester based firm of business recovery and insolvency practitioners.

Tomlinsons, a long established and well regarded firm, is run by two partners, who will both be joining the Group as partners, and has 13 staff based in Manchester and Blackburn. The firm specialises in all types of business recovery and insolvency procedures, as well as offering advice to companies and individuals who believe they may be heading towards, or are already in, financial difficulty.

It is anticipated that the business will be merged into the Group`s existing insolvency operation and will help consolidate further its strong presence in the North West of England.

Ric Traynor, Executive Chairman of Begbies Traynor Group said:

"This acquisition of Tomlinson's represents an opportunity to acquire a successful and well regarded business that fits well with our existing operations. It reflects both our confidence in our long term trading outlook and the fact that our recent refinancing is enabling us to consider both organic investment and acquisition opportunities, principally in the insolvency and restructuring sector."

Enquiries please contact:

Begbies Traynor Group PLC	0161 837 1700
Ric Traynor - Executive Chairman John Gittins - Chief Financial Officer
Shore Capital & Corporate Ltd	020 7408 4090
Andrew Raca
Hogarth	07884 494112
Reg Hoare / Katie Hunt

Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com

 

END

 

 

NRADBGDLIUGBGGC