Begbies Traynor has announced a 12% jump in its overall revenue to £153.7m in its latest full-year results.

The financial and real estate advisory firm also announced a pre-tax profit of £11.5m, significantly up from the £5.8m it posted last year.

Begbies Traynor was announcing its results for the year to 30 April and revealed it was ahead of original market consensus expectations in terms of revenue, EBITDA and net cash.

The group’s executive chairman, Ric Traynor, suggested the performance was driven by “strong levels of organic growth” delivered across a “broad range” of advisory services.

Begbies Traynor also proposed an 8% increase in its dividend which represented the eighth consecutive year of dividend growth for the group.

Commenting on the group’s outlook, Traynor added: "Looking forward, activity levels are encouraging with positive momentum across the group. We have increased the scale of our teams and market conditions are supportive.

“We currently expect revenue will be at the upper end of the range of market expectations, with a further year of profit growth in line with expectations, as we continue to invest in growing the business.

“Overall, our broad range of advisory services, diversified client base and growth opportunities, underpinned by our robust financial position, gives us confidence in continuing our track record of growth in the new financial year and beyond, progressing towards our medium-term revenue target of £200m.”

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