Begbies Traynor Group PLC
22 February 2008
22 February 2008
Begbies Traynor Group plc
Acquisition of CoyleClark LLP
Begbies Traynor Group plc (''the Group') (AIM: BEG), the specialist professional
services organisation, today announces the acquisition of CoyleClark LLP, a
specialist tax investigation practice based in Altrincham, in the North West of
England, and with an office in Northern Ireland.
The acquisition represents a further step in line with the Group's stated
strategy to extend and diversify its professional services offering.
CoyleClark LLP was founded in 2002 by Leo Coyle and Alex Clarke, and operates in
a wide range of areas from investigation work, forensics, and financial
mediation through to prosecution defence. They also use their investigation
background in writing reports as expert witnesses to assist legal contacts in
defence of Confiscation Orders, be it a tax prosecution or any matter involving
the Proceeds of Crime Act. Following the acquisition, Leo and Alex will become
Partners in BTG Financial Partners.
The business will be integrated with the Group's existing tax consultancy, which
is based in Manchester and which was established following the recent
acquisitions of Shaw Tax and Stellar Financial Services. As a result of these
acquisitions, together with organic growth, the Group now derives annualised fee
income of over £5 million from tax consultancy services.
Ric Traynor, Executive Chairman, commented:
'The CoyleClark team extends the Group's penetration of the specialist tax
consultancy market and broadens our service offering considerably. I am
delighted that they have chosen to become a part of Begbies Traynor Group and we
look forward to growing the business as part of the Group and to driving cross
referral opportunities from our professional contact base.'
- Ends -
For further information, please contact: www.begbies-traynorgroup.com
Begbies Traynor Group plc 0161 837 1700
Ric Traynor, Executive Chairman
John Gittins, Chief Financial Officer
Shore Capital & Corporate Limited 020 7408 4090
Guy Peters
Smithfield 020 7360 4900
Reg Hoare/Katie Hunt/Will Henderson
About Begbies Traynor Group:
Begbies Traynor Group plc is a specialist professional services organisation
providing independent professional advice and solutions to businesses, financial
institutions, the accountancy professions and individuals in the areas of
corporate finance, recovery, investigation, risk management, commercial finance
and specialist tax advice. It is listed on AIM (Ticker: BEG.L).
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.