Acquisition

RNS Number : 1692W

Begbies Traynor Group PLC

15 November 2010

Begbies Traynor Group plc

Acquisition

Begbies Traynor Group plc (the "Group"), the specialist professional services consultancy, today announces the acquisition of Walletts Insolvency Services, the insolvency division of Stoke based firm Walletts Chartered Certified Accountants.

Walletts Insolvency Services provides specialist financial advisory services, primarily corporate recovery and insolvency, for small and medium sized businesses. The business will be integrated into the Group's existing insolvency operations in Stoke-on-Trent.

Ric Traynor, Executive Chairman of Begbies Traynor Group, said:

"Following the recent acquisitions of Hamiltons and Tomlinsons, this acquisition represents further progress in line with our long term strategy to expand the Group's core insolvency and restructuring business.

"We look forward to welcoming Walletts' insolvency specialists into our team and hope to leverage their existing case load and local contact base to grow our presence still further in the Staffordshire marketplace."

For enquiries please contact:

Begbies Traynor Group PLC	0161 837 1700
Ric Traynor - Executive Chairman Nick Taylor - Acting Finance Director

Shore Capital & Corporate Ltd	020 7408 4090
Andrew Raca

MHP Communications	020 3128 8100
Reg Hoare / Katie Hunt