FRP Advisory

FRP Advisory
LLP
Industry Restructuring
Founders Jeremy French, Geoff Rowley
Headquarters London, United Kingdom
Number of employees
 300
Website www.frpadvisory.com

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 300 staff including 49 partners and operates from 20 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).

History

The firm was formed in June 2010 to undertake a management buyout of the Business Recovery Services division of Vantis plc.[1] FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt.[2]

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,[3] 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,[4] but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to Grant Thornton.[5]

References

  1. ↑ Vantis sale process months in the making, Accountancy Age, 8 Jul 2010
  2. ↑ FRP took on £11m of debt from Vantis, Accountancy Age, 15 September 2010. Retrieved 20 September 2010
  3. ↑ "Stanford International Bank". FRP Advisory. Retrieved 19 January 2012.
  4. ↑ Stanford liquidators fight to stay on after Vantis MBO, Accountancy Age, 30 Jun 2010
  5. ↑ "Stanford investors challenge court decision". Antigua Observer. 14 July 2011. Retrieved 3 January 2012.
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