Corporate undertaker choses a great time to list
Restructuring and corporate finance specialist FRP Advisory was the sole new arrival on AIM in March. Somewhat ironically, it proved the perfect time for this business to join the stock market.
FRP Advisory Group (AIM:FRP) was established in June 2010 when current Chief Executive Geoff Rowley and Chief Operating Officer Jeremy French led a management buy-out of the business recovery services division of the former AIM listed Vantis. While the former AIM failure is not the ideal reference for the newly listed group, FRP has since done exceptionally well, growing from 29 partners to one which now works from 19 offices around the UK and comprises 50 partners and 310 other staff. Since inception revenues have grown at a compound annual growth rate of 15% with FRP currently one of the largest restructuring…