Profits have almost doubled at insolvency specialist Begbies Traynor following a rise in bankruptcies in recent months.
The Manchester-headquartered firm has posted pre-tax profits of £5m for the six months to the end of October 2022, up from £2.7m.
Its revenue also rose from £52.3m to £58.5m over the same period.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Executive chairman Ric Traynor said: "The group's strong performance builds on our consistent track record of growth, with double digit increases in revenues and profits from both divisions which we have continued to grow organically and through acquisitions.
"We expect continued growth from business recovery and financial advisory, given its increased order book, higher level of enquiries and increasing economic headwinds.
"We are also confident in the prospects for property advisory and transactional services, reflecting its resilient income streams, continuing flow of new instructions and potential to continue developing its mix of services.
"Overall, we remain confident of delivering upon expectations for the full year.
"Our broad range of services, diversified client base, organic growth initiatives and pipeline of acquisition opportunities, combined with increasing counter-cyclical activity, will enable us to continue to build upon our strong track record in the current year and beyond."
READ MORE:
Full scale of pandemic's impact on luxury hotel The Edwardian Manchester revealed
First TransPennine Express and Northern Trains bosses to be questioned by MPs
Plans in for major industrial and logistics hub that could create 1,600 jobs
Manchester City could expand Etihad Stadium capacity to over 60,000
Sales surge revealed by Jay-Z-backed Fanatics after $31bn valuation
