Overview

• The firm reported revenue of £153.7 million for the year to April 30, a 12% increase, while pre-tax profit almost doubled to £11.5 million.
• Business recovery division revenues rose 5% to £83.7 million as larger, higher-value insolvency cases gained traction.
• Strategic acquisitions of White Maund and West Advisory expanded the insolvency order book to £78.6 million.
• UK government data showed 23,969 corporate insolvency appointments in the year to April, down from 25,408 but remaining elevated.
• The company boosted its shareholder returns by raising the dividend 8% to 4.3p per share and launching a buyback of one million shares.