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Highlights:

  • BEG revenue rose 12% YoY in FY25, with 10% organic growth and 2% from acquisitions
  • BEG reported 56% increase in free cash flow and returned to net cash position of GBP 0.9 million
  • BEG’s property and advisory divisions expanded, supported by senior hires and market activity

Begbies Traynor Group plc (LSE:BEG), a UK-based financial and real estate advisory firm, published its final results for the year ended 30 April 2025, posting double-digit growth in both revenue and EBITDA. The company cited organic performance, increased advisory activity, and supportive market dynamics across both its business recovery and property advisory divisions.

Group revenue for FY25 grew by 12% year-on-year to GBP 137.5 million, with 10% of the growth attributed to organic operations and the remaining 2% driven by recent acquisitions. Adjusted EBITDA increased by 11%, reflecting the company’s ability to manage operations efficiently despite ongoing inflationary pressures.

The group proposed an 8% increase in its final dividend, marking the eighth consecutive year of dividend growth, a move it says is aligned with its progressive dividend policy. Free cash flow grew by 56% and exceeded internal expectations. After funding GBP 9.4 million in acquisition and earn-out payments, GBP 1.6 million in share buybacks, and GBP 6.3 million in dividends, the group moved into a net cash position of GBP 0.9 million. This compares to a net debt position of GBP 1.4 million a year ago.

Begbies Traynor’s business recovery and advisory division reported increased activity, particularly from higher-value restructuring and special situation mandates. The advisory business, which has tripled in size since 2020, experienced notable revenue growth from funding and M&A projects. 

In the property advisory segment, revenue also grew, supported by performance in property auctions. The company is now one of the leading auction operators in the UK by number of lots. It continued its investment in expanding senior talent, particularly in valuations, asset sales, and consultancy.

Management expressed confidence in maintaining momentum into FY26. The company expects revenue to be at the upper end of its guided range of GBP 158.9 million to GBP 162.8 million, with adjusted profit before tax between GBP 23.7 million and GBP 25.0 million. The group noted increased order books, expanded professional teams, and stable market conditions as key drivers for the outlook.

Rising operational costs due to inflation and national insurance increases are expected to be mitigated by revenue gains. The group plans to continue investing in both organic and inorganic growth initiatives, supported by a balance sheet that provides sufficient liquidity and funding headroom.

Executive Chairman Ric Traynor noted that FY25 marked the company’s tenth consecutive year of profitable growth. Since 2015, the group has tripled its revenue and achieved a six-fold increase in adjusted profit before tax. He added that current activity levels and the breadth of advisory services provide confidence in the group’s ability to continue expanding in FY26 and progress toward its medium-term revenue goal of GBP 200 million.

As of 8 July 2025, shares of Begbies Traynor Group were trading 5.73% higher at GBX 117.36 per share.