23 September 2025

Begbies Traynor Group plc

Group CEO appointment

Establishment of new management board

Begbies Traynor Group plc (the "Group"), the financial and real estate advisory firm, is pleased to announce that Mark Fry, currently an executive director and head of restructuring and advisory services, has with immediate effect been appointed as Group Chief Executive Officer (CEO), a newly created role on the Group board.

The Group has grown significantly over the last ten years, in which time we have tripled the size of the business with a six-fold increase in adjusted profit before tax.  As a result, the board has been considering the optimum leadership structure to reflect the current size of the Group and its growth ambitions.

In his new role, Mark will be responsible for the day-to-day leadership of the Group, and will drive the ongoing implementation of our growth strategy, with responsibility for overall business performance. He will also continue to act as a senior fee earning partner. Mark joined the Group in 2005 following the acquisition of his practice, and was appointed to the Group board in 2011.

Ric Traynor remains Executive Chairman, focusing on the strategic development of the Group. Nick Taylor will continue in his current role of Group CFO. Nick has served as CFO since 2010, having joined the Group in 2007.

In addition to these changes in executive responsibilities, the Group will form a new management board to support Mark and Nick in managing the business on a day to day basis and developing and executing the growth strategy.  In addition to the executive directors, the management board will include two managing partners: Julian Pitts (who takes over restructuring services from Mark) and Anthony Spencer (real estate advisory). Mark will retain management responsibilities for our financial advisory services.

Julian has been a partner in the restructuring business since 2006, following the acquisition of his practice, and is a very experienced insolvency practitioner. Most recently, Julian has managed our North East and Yorkshire practice, delivering significant growth during his tenure. Anthony joined the group in 2014 through the original acquisition of Eddisons, that created the real estate advisory division, and has led the practice through its subsequent period of significant growth.

Ric Traynor, Executive Chairman said:

"Having significantly grown the group over the last ten years, now is the time to evolve and optimise our leadership structure. The changes being implemented will enable us to both manage the increased scale of the Begbies Traynor Group, whilst ensuring we have the right team in place to achieve our growth ambitions.  

"Mark has all the right attributes to be our CEO; having joined Begbies Traynor in 2005, he has led our restructuring and advisory division since 2010 during a period of rapid organic and acquisitive growth, whilst successfully delivering our strategy to increase our reputation in the mid-market.

"I am excited for the next stage of our development and look forward to working with Mark and Nick and our teams to deliver our ambitious plans."

Mark Fry, CEO, said:

"I am delighted to have been appointed to the newly created role of Begbies Traynor Group CEO. I am looking forward to working alongside the leadership team to deliver our growth ambitions.

"We have a very experienced and talented team underpinned by a strong culture that Ric has built up over more than thirty years, leaving us very well placed to continue to deliver for both shareholders and stakeholders."

Enquiries please contact:

Begbies Traynor Group PLC                                                                                              0161 837 1700

Ric Traynor - Executive Chairman

Mark Fry - CEO

Nick Taylor - CFO

Canaccord Genuity Limited                                                                                               020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James / Harry Pardoe

Shore Capital                                                                                                                        020 7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP                                                                                                                                      07770 753 544

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

Further information on Begbies Traynor Group can be accessed via the group's website at ir.begbies-traynorgroup.com.