27 February 2023

Begbies Traynor Group plc

Third Quarter Trading Update

Begbies Traynor Group plc (the "group"), the business recovery, financial advisory and property services consultancy, today issues a trading update for its third quarter ended 31 January 2023.

Financial performance in Q3 has been in line with the first half year. As a result, our outlook is unchanged and the board therefore remains confident of delivering market expectations* for the full year, which will extend our strong financial track record of growth.

The business recovery & financial advisory division continues to trade in line with expectations.

In business recovery, we continue to take an encouraging level of new insolvency appointments across all market segments; this includes higher value cases such as the on-going administration of Paperchase. The continuing recovery of mid-market cases, which remain below pre-pandemic levels, are expected to benefit the new financial year.

In financial advisory, our teams are trading well and have a good pipeline of engagements to meet expectations for the year.

The property advisory & transactional services division continues to perform well and in line with expectations, reflecting its resilient income streams and a continuing flow of new instructions.

* current range of analyst forecasts for revenue of £117.7m-£121.4m and adjusted PBT of £19.7m-£20.6m (as compiled by the group)

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"We have continued to perform well across the group and our outlook for the full year remains unchanged. This will extend our strong financial track record of growth, through a combination of organic and acquisitive investment."

Enquiries please contact:

Begbies Traynor Group plc                                                                        0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited                                                                       020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Patrick Dolaghan

Shore Capital                                                                                               020 7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP                                                                                                               020 3128 8567

Reg Hoare / Katie Hunt / Charles Hirst / Pauline Guenot                  begbies@mhpgroup.com

Information on Begbies Traynor Group can be accessed via the Group's website at
www.begbies-traynorgroup.com/investor-relations