FRP Advisory produces blockbusting 12 month results

FRP reports a strong balance sheet with year-end net cash of £29.7m – up from £22.9m last time. FRP has local offices in Cambridge, Norwich, St Albans and Brentwood.

The company increased dividend payments on the back of the stirring performance and says the short and medium-term outlook for the business “remains positive and management are confident of continued progress.”

CEO Geoff Rowley, said: “The group made excellent progress in the financial year, growing revenues and profits for the 13th consecutive year as we remained focused on the execution of our proven strategy: achieving strong organic growth, supplemented by selective acquisitions.

“All five of our pillars made a positive contribution in the year. Our restructuring team continued to be the most active in the UK administration appointment market, FRP Corporate Finance was ranked as the 24th most active financial adviser in the UK M & A market, and our Forensic Services team was very active on both a high number of confidential projects as well as several high-profile mandates for listed businesses.

“Trading for the first full year of the combined Financial Advisory pillar has been positive, with heightened activity across all service lines.

“In the new financial year, activity levels across all our locations and pillars are encouraging, with trading in line with the Board’s expectations. Our M & A pipeline also remains healthy, giving us confidence of making further positive progress against our strategy.”