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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Begbies Traynor - First insolvency practice to go public

August 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A company tailormade for a period of rising interest rates, Begbies Traynor will this month become the UK's first publicly quoted insolvency and corporate rescue specialist, when it floats on AIM.  The listing, through broker, Teather & Greenwood, will give it a market value of around £30m, which includes up to £12m in new money, to be used for new office openings and acquisitions as well as paying off directors' loans.   Begbies Traynor claims to be the largest independent insolvency specialist and sports an impressive track record with turnover having risen around 50% to £21.6m and pretaxprofit by a third to just over £4m in the year ended 30 April 2004. Thecompany sees the listing as a good way to raise its pr ...

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