BTG Consulting (formerly Begbies Traynor) AIM:BTG
- Founded
- 1989 · Manchester, England
- Incorporated
- United Kingdom
- Employees
- 1,318
- Reports in
- GBP
- Companies House
- 05120043
Financial and real estate advisory group, the UK's leading corporate insolvency practitioner by volume of appointments. Services span restructuring and insolvency (as BTG Begbies Traynor), deal advisory, funding, valuations and property services through BTG Eddisons. Counter-cyclical insolvency work is complemented by growing advisory revenues; renamed from Begbies Traynor Group in February 2026.
Read straight from the annual reports
115p at close on 2 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201504/15 | FY201604/16 | FY201704/17 | FY201804/18 | FY201904/19 | FY202004/20 | FY202104/21 | FY202204/22 | FY202304/23 | FY202404/24 | FY202504/25 | FY202604/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Gross profit | |||||||||||||
| Operating profit | later 1.9 | later 4.4 | |||||||||||
| Adjusted operating profit | — | later 8.0 | |||||||||||
| Exceptional items | later 0.79 | later 1.3 | vs 14.7 | ||||||||||
| Net finance cost | later 1.00 | later 1.0 | |||||||||||
| Profit before tax | later 0.87 | later 3.3 | |||||||||||
| Adjusted profit before tax | |||||||||||||
| Tax charge | later 0.42 | ||||||||||||
| Profit for the year | later 0.45 | later 2.2 | |||||||||||
| EBITDA | |||||||||||||
| Adjusted minus statutory PBT | |||||||||||||
| Basic EPS | |||||||||||||
| Diluted EPS | |||||||||||||
| Adjusted EPS | |||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Business recovery and advisory - insolvency appointments and restructuring/financial advisory fees
Revenue £107.3m (2024: £96.4m), up 11% (11% organic); group's largest service line at c.55% of group revenue; UK market leader by volume of corporate appointments, second nationally for administrations
page 15Property advisory - valuations, agency/auctions, projects, property management
Revenue £46.4m (2024: £40.3m), up 15% (7% organic), driven by property auctions and prior-year M&A (SDL Property Auctions, Andrew Forbes)
page 15Business recovery and advisory margin flat at 26.5%
Improved activity levels in higher-value cases offset by a weak corporate finance market and continued investment in advisory services
page 15Property advisory margin normalisation
Margin fell to 16.8% (2024:18.9%) as additional consultancy fees earned in the prior year normalised, together with cost of organic investment in senior hires to accelerate longer-term growth
page 15£8.6m charge: Acquisition consideration (deemed remuneration under IFRS 3)
page 60We have started the new year with encouraging activity levels and positive momentum across the group... We currently expect revenue will be at the upper end of the range of market expectations, mitigating increasing costs, and resulting in a further year of profit growth in line with expectations, as we continue to invest in growing the business.
page 9Long-term progressive dividend policy which takes account of the group's earnings growth, investment plans and cash requirements together with the market outlook; 8th consecutive year of dividend growth; total dividend for FY25 of 4.3p (+8%), comprising 1.4p interim (paid 7 May 2025) and proposed 2.9p final dividend (payable 6 November 2025 to shareholders on the register 10 October 2025, ex-dividend 9 October 2025), subject to AGM approval on 18 September 2025
page 8Directors reviewed financial forecasts for two years from the year-end including sensitivity analysis and stress tests of reasonably possible downside scenarios; under all modelled scenarios banking facilities were sufficient and covenant measures forecast to be met; going concern basis adopted. Auditor Crowe U.K. LLP (Michael Jayson, Senior Statutory Auditor, Manchester) gave an unmodified/unqualified opinion that the financial statements give a true and fair view, with two Key Audit Matters: impairment (overstatement) of goodwill, and revenue and unbilled income recognition; no material uncertainties relating to going concern were identified
page 20- Recruitment and retention of high-calibre partners and employees - business dependent on professional development, recruitment and retention of partners and employeesp.29
- Business continuity - significant non-IT events may impact service to clients and access to operating locationsp.29
- Operational gearing - high proportion of fixed salary and property costs which cannot be immediately variedp.29
- Liquidity risk - reliance on asset realisations for cash generation from insolvency appointmentsp.29
Read from C000222-AR-2026-website.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10), Company website (1)
FY2027Next report expected 15 Jul 2027