BTG Consulting plc (formerly Begbies Traynor Group) is an AIM-listed professional services consultancy delivering solutions for businesses, financial institutions and professional advisers in the areas of corporate recovery, restructuring and turnaround, corporate finance, forensic accounting, investigations and security risk.

The Group serves its clients via an extensive UK office network and through an international association of approved partner firms which enables it to draw together specialist teams from around the world to meet specific cross-jurisdictional challenges.

06 Jul 2026

Undervalued, strengthened sector leadership

BTG Consulting has delivered impressive FY26 results, in-line with upgraded guidance given in May.

A 6% increase in experienced staff has driven 10% revenue growth and strengthened BTG’s mid-market leadership for restructurings and its fast-growing real estate division.

Adj. PBT margin was robust at 14.8% and the 7% increase in the dividend marks nine years of dividend growth.

Looking ahead, the insolvency order book has increased 12% and management confirms it expects to deliver FY27E results in-line with expectations.

Hence, we reiterate our recently raised Fair Value per share of 170p, equating to c.14x cal 2027 PER.

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