Recession boosts UK insolvency expert

British insolvency specialist Begbies Traynor today poured cold water on recovery hopes as it predicted increased workloads “for several years to come”.

The Manchester-based firm said the division – which accounts for nearly 80% of group revenues – was expected to post full-year results “very substantially ahead of last year”.

In a trading update for the year to April 30, Begbies said it had continued to expand its insolvency service to “further exploit the favourable market conditions”.