FRP Advisory
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| LLP | |
| Industry | Restructuring |
| Founders | Jeremy French, Geoff Rowley |
| Headquarters | London, United Kingdom |
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Number of employees
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250 |
| Website | www |
FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and pensions services 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 200 staff including over 40 partners and operates from 15 locations across England and Scotland. The business is a limited liability partnership owned by its partners. FRP Advisory includes the trading divisions FRP Transition and First Financial.
FRP Advisory is a member of the Insolvency Practitioners Association (IPA), Association of Business Recovery Professionals (R3), ICAEW, ACCA, ACA and the Turnaround Management Association (TMA).
The firm was formed in June 2010 to undertake a management buyout of the Business Recovery Services division of Vantis plc. FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt.
Former Vantis executives Nigel Hamilton-Smith and Peter Wastell were the joint liquidators of Stanford International Bank Limited and Stanford Trust Company Limited, a high-profile appointment which, at the time, was reported as contributing to the collapse of Vantis, although subsequent analysis of the fees due on the Stanford case reveal that this was hugely inaccurate. 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.
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Wikipedia