FRP Advisory is a business advisory firm based in the United Kingdom, providing

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...

, debt advisory,

forensic accounting Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct. Forensic accountants apply a range of skills and methods to d ...

and

financial advisory Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) ...

and is one of the UK’s largest specialists in the area of corporate restructuring. The firm was formed in June 2010 by Jeremy French and Geoff Rowley, whose initials form the basis of the name (French Rowley Partners). The business has more than 500 staff including 79 partners and operates from 27 locations. across England and Scotland. The business is a wholly owned subsidiary of FRP Advisory Group plc. FRP Advisory is a member of the

Insolvency Practitioners Association The Insolvency Practitioners Association (IPA) is a professional body whose purpose is to inform and regulate insolvency practitioners (IPs) within the UK and Ireland. There is a similar organisation in Australia. History Formed in 1961 as a di ...

(IPA), Association of Business Recovery Professionals (R3),

ICAEW The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of July 2022, it has over 198,000 members ...

, ACCA and the Turnaround Management Association (TMA).

History

The firm was formed in June 2010 to undertake a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...

of the Business Recovery Services division of

Vantis Vantis plc was an accountancy firm based in London, England, providing accounting, tax and business advice to owner-managed businesses, listed companies, not for profit organisations, high-net-worth individuals and other professionals. It was pla ...

plc. FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt. In March 2020, FRP Advisory Group PLC listed on the Alternative Investments Market (AIM) of the London Stock Exchange, with a market capitalisation on admission of £190m.

Stanford International Bank

Former Vantis executives Nigel Hamilton-Smith and Peter Wastell were the joint liquidators of

Stanford International Bank Stanford International Bank was a bank based in the Caribbean, which operated from 1986 to 2009 when it went into receivership. It was an affiliate of the Stanford Financial Group and failed when its parent was seized by United States authorities i ...

Limited and Stanford Trust Company Limited, a high-profile appointment which was reported as contributing to the collapse of Vantis. Hamilton-Smith and Wastell transferred to FRP Advisory and continued to act on the liquidation, and FRP Advisory fought to have them reinstated as liquidators of Stanford after a court decision to remove them, but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to

Grant Thornton Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to private ...

References

External links

* {{DEFAULTSORT:Frp Advisory Financial services companies established in 2010 Accounting firms of the United Kingdom Insolvency and corporate recovery firms Companies listed on the Alternative Investment Market British companies established in 2010