Investor’s best friend
With corporate insolvencies on the rise, a company covered here could be an excellent contrarian play. For those of a more positive investment inclination, there are plenty of other possibilities to chose from, including continuing excellence from a high-flying veterinary group and a little-known provider of software to the retail sector. (Free to read)
Begbies Traynor: insolvencies on the rise Corporate undertakers, Begbies Traynor (LON:BEG), who are expanding away from their insolvency practitioner roots into other areas, announced double digit growth in revenue and profit for the first quarter of their financial year. The insolvency market has been suppressed over the last 18 months due to Government support measures, however, since May 2021 the Insolvency Service has reported month on month increases in insolvency appointments nationally. BEG expects this trajectory to continue in the final quarter of this calendar year, as the support measures are progressively removed. BEG’s more rounded offering means it is no…