FRP Advisory

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.[2]

FRP Advisory
Limited company, subsidiary of FRP Advisory Group plc
Traded asAIM: FRP
IndustryRestructuring
FoundersJeremy French, Geoff Rowley
HeadquartersLondon, United Kingdom
Number of employees
400[1]
Websitewww.frpadvisory.com

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 400 staff including 56 partners and operates from 17 locations[3] across England and Scotland. The business is a wholly owned subsidiary of FRP Advisory Group plc. FRP Advisory includes the trading divisions FRP Transition[4] and First Financial.[5]

FRP Advisory is a member of the Insolvency Practitioners Association (IPA), Association of Business Recovery Professionals (R3), ICAEW, ACCA and the Turnaround Management Association (TMA).[6]

History

The firm was formed in June 2010 to undertake a management buyout of the Business Recovery Services division of Vantis plc.[7] FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt.[8]

Stanford International Bank

Former Vantis executives Nigel Hamilton-Smith and Peter Wastell were the joint liquidators of Stanford International Bank Limited and Stanford Trust Company Limited,[9] 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,[10] but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to Grant Thornton.[11]

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gollark: Okay.
gollark: I don't think anywhere near most people are actually equipped to judge how good evidence for something is in this kind of domain.
gollark: Are you sure?
gollark: He said something about vaccines not being useful for young people and something about ivermectin, so now everyone is annoyed at him.

References
  1. https://www.frpadvisory.com/
  2. "About". FRP Advisory. Retrieved 2019-11-12.
  3. https://www.frpadvisory.com/offices/
  4. http://www.frptransition.com
  5. http://www.firstfinancialuk.com
  6. http://www.tma-uk.org
  7. Vantis sale process months in the making, Accountancy Age, 8 Jul 2010
  8. FRP took on £11m of debt from Vantis Archived 2010-09-18 at the Wayback Machine, Accountancy Age, 15 September 2010. Retrieved 20 September 2010
  9. "Stanford International Bank". FRP Advisory. Archived from the original on 19 November 2011. Retrieved 19 January 2012.
  10. Stanford liquidators fight to stay on after Vantis MBO Archived 2010-07-05 at the Wayback Machine, Accountancy Age, 30 Jun 2010
  11. "Stanford investors challenge court decision". Antigua Observer. 14 July 2011. Retrieved 3 January 2012.
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