News covered here includes our assessment of results from two professional services groups, both of whom are struggling to be paid in good time; we suggest that they need to get to grips with this before it gets out of hand. Elsewhere, a document storage business has sold a troublesome subsidiary and appears to be trading well, an online wine retailer has questionable use of its customer’s cash and a smart sensing software group needs to put its cash to good use. Read on here for our usual forthright assessment of this and other news.
Begbies Traynor: cash flow drag
Begbies Traynor (AIM:BEG), the financial and real estate advisory firm, reported what at first glance appeared to be decent interim results, although the cash flow highlights the issue with their restructuring activities.
For the six months to the end of October 2025 revenue rose 7% to £82.0m with an increase in restructuring (£5.6m) and property advisory (£1.6m) activities partially offset by lower financial advisory (£1.5m) fees. Adjusted…
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