C21 client, Begbies Traynor reported a profit before tax of £8.7m for the year to 30 April, up from £7.2m a year earlier.

Executive chairman Ric Traynor said: “Activity levels for the first two months of the new financial year are slightly ahead of last year and in line with our expectations. We expect to see the benefit of our organic and acquisitive investments in insolvency, as well as the restructuring of our non-insolvency businesses, mitigate the short term constraint of a subdued insolvency market.”

During the course of the last financial year, the company planned a strategic marketing push and C21 was tasked with creating a series of advertising campaigns for a number of the core divisions, including Corporate Restructuring, Insolvency & Corporate Rescue, Corporate Finance and also Forensic, Intelligence & Risk.