{{Short description|British firm specialising in corporate restructuring}} {{Infobox company | name = FRP Advisory | logo = Frpadvisory-logo-360-360.jpg | logo_size = 150px | type = [[Limited company]], subsidiary of FRP Advisory Group [[Public limited company|plc]] | traded_as = {{aim|FRP}} | founded = | location = [[London]], United Kingdom | founders = Jeremy French, Geoff Rowley | industry = [[Professional services]] | num_employees = 800<ref>{{cite web |url=https://www.frpadvisory.com/ |title = FRP Advisory {{!}} Real Expertise. Real Results. {{!}} Business Advisers}}</ref> | website = {{url|http://www.frpadvisory.com/}} }}
'''FRP Advisory''' is a business advisory firm based in the United Kingdom, providing [[restructuring]], [[corporate finance]], debt advisory, [[forensic accounting]] and [[financial advisory]] and is one of the UK’s largest specialists in the area of corporate restructuring. <ref>{{Cite web|url=https://www.frpadvisory.com/about/|title=About|website=FRP Advisory|language=en-GB|access-date=2019-11-12}}</ref>
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 800 staff including 102 [[partner (business rank)|partners]] and operates from 33 locations <ref>{{Cite web|url=https://www.frpadvisory.com/offices/|title=Locations}}</ref> across England, Scotland, Ireland and Wales, with one further office in Limassol, Cyprus, and another based in the Isle of Man. The business is a wholly owned subsidiary of FRP Advisory Group [[Public limited company|plc]].
FRP Advisory is a member of the [[Insolvency Practitioners Association]] (IPA), Association of Business Recovery Professionals (R3), [[Institute of Chartered Accountants in England and Wales|ICAEW]], [[Association of Chartered Certified Accountants|ACCA]] and the Turnaround Management Association (TMA).<ref>{{cite web |url=http://www.tma-uk.org |title = Turnaround Management Association (UK)}}</ref>
==History== The firm was formed in June 2010 to undertake a [[management buyout]] of the Business Recovery Services division of [[Vantis]] plc.<ref>[http://www.accountancyage.com/accountancyage/news/2266111/vantis-sale-process-months Vantis sale process months in the making], ''Accountancy Age'', 8 Jul 2010</ref> FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt.<ref>[http://www.accountancyage.com/accountancyage/news/2269812/frp-took-11m-debt-vantis FRP took on £11m of debt from Vantis] {{Webarchive|url=https://web.archive.org/web/20100918135250/http://www.accountancyage.com/accountancyage/news/2269812/frp-took-11m-debt-vantis |date=2010-09-18 }}, ''Accountancy Age'', 15 September 2010. Retrieved 20 September 2010</ref>
In March 2020, FRP Advisory Group PLC listed on the [[Alternative Investment Market|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 [[Liquidator (law)|liquidator]]s of [[Stanford International Bank]] Limited and Stanford Trust Company Limited,<ref>{{cite web|title=Stanford International Bank|url=http://www.frpadvisory.com/stanford/|publisher=FRP Advisory|accessdate=19 January 2012|archive-url=https://web.archive.org/web/20111119225941/http://www.frpadvisory.com/stanford/|archive-date=19 November 2011|url-status=dead}}</ref> 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,<ref>[http://www.accountancyage.com/accountancyage/news/2265708/stanford-liquidators-stay Stanford liquidators fight to stay on after Vantis MBO] {{Webarchive|url=https://web.archive.org/web/20100705104529/http://www.accountancyage.com/accountancyage/news/2265708/stanford-liquidators-stay |date=2010-07-05 }}, ''Accountancy Age'', 30 Jun 2010</ref> but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to [[Grant Thornton International|Grant Thornton]].<ref>{{cite news|title=Stanford investors challenge court decision|url=http://www.antiguaobserver.com/?p=61514|accessdate=3 January 2012|newspaper=Antigua Observer|date=14 July 2011|archive-date=19 July 2012|archive-url=https://archive.today/20120719172034/http://www.antiguaobserver.com/?p=61514|url-status=dead}}</ref>
==References== {{Reflist}}
==External links== * {{official website|http://www.frpadvisory.com}}
{{Authority control}}
{{DEFAULTSORT:Frp Advisory}} [[Category:Financial services companies established in 2010]] [[Category:Accounting firms of the United Kingdom]] [[Category:Insolvency and corporate recovery firms]] [[Category:Companies listed on the Alternative Investment Market]] [[Category:British companies established in 2010]]