Business
Final Results for the year ended 30 April 2022
Final Results for the year ended 30 April 2022.
About this update from Btg Consulting Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 19 July 2022\n \n \n \n \n \n \n \n \n \n \n Begbies Traynor Group plc\n \n \n \n \n \n \n \n \n \n Final results\n \n \n \n \n for the year ended 30 April 2022\n \n \n \n \n \n \n \n \n \n Strong performance with results comfortably ahead of original expectations\n \n \n \n \n \n \n Begbies Traynor Group plc (the 'company' or the 'group'), the business recovery, financial advisory and property services consultancy, today announces its final results for the year ended 30 April 2022.\n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n \n \n £m\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 110.0\n \n \n \n \n 83.8\n \n \n \n \n \n \n Adjusted profit before tax*\n \n \n \n \n 17.8\n \n \n \n \n 11.5\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 4.0\n \n \n \n \n 1.9\n \n \n \n \n \n \n Adjusted basic EPS** (p)\n \n \n \n \n 9.1\n \n \n \n \n 6.9\n \n \n \n \n \n \n Basic EPS*** (p)\n \n \n \n \n (0.3)\n \n \n \n \n 0.1\n \n \n \n \n \n \n Proposed total dividend (p)\n \n \n \n \n 3.5\n \n \n \n \n 3.0\n \n \n \n \n \n \n Net cash\n \n \n \n \n 4.7\n \n \n \n \n 3.0\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *\n \n \n Profit before tax £4.0m (2021: £1.9m) plus transaction costs £8.3m (2021: £6.5m) and amortisation of intangible assets arising on acquisitions £5.5m (2021: £3.1m)\n \n \n \n \n ** See reconciliation in note 5\n \n \n \n \n *** Basic loss per share in 2022 reflects a one-off non-cash deferred tax charge\n \n \n \n \n \n \n \n \n \n Operational highlights\n \n \n \n \n \n \n · \n Successful year with financial performance comfortably ahead of original market expectations due to acquisitions and improved trading\n \n \n · \n Revenue growth of 31% (7% organic),\n reflecting the material increase in our scale and service offerings\n \n \n · \n Enhanced operating margins of 16.9% (2021: 14.8%), leading to adjusted profit growth of 55%\n \n \n · \n All areas of the group performed well:\n \n \n o \n \n Business recovery:\n \n significant growth from acquisitions late in the previous financial year and increase in organic activity \n \...