INSOLVENCY expert Begbies Traynor announced a third quarter trading update today which stated its expectations for the full year remain unchanged.
It said profit from continuing operations, excluding amortisation and exceptional items, is in line with forecasts and consistent with the first half performance.
Debt remains within group banking facilities.
The group, which has a Liverpool office in Old Hall Street, said conditions remain tough, with a 5.8% decline in corporate insolvencies in England and Wales during the calendar year to 2012.
It said its annual performance hinges on trading in the important final quarter, but chairman Ric Traynor added: “The group has continued to report good, sustainable levels of profitability while maintaining a sound financial position.
“Overall, the insolvency market remains challenging, despite the impression given by a number of high profile retail administrations since Christmas.”
