FRP Advisory

FRP Advisory is independent firm based in the United Kingdom, providing restructuring and insolvency services.

Contents

History

FRP Advisory was formed following the acquisition of the Business Recovery Services division of Vantis plc on 29 June 2010, with offices based at 9 locations nationwide, 28 partners and 200 staff.[1] FRP took on £11 million of Vantis' debt.[2]

The name is derived from French Rowley Partners, after Jeremy French and Geoff Rowley who led the management buyout from Vantis.[3]

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, a high-profile appointment which contributed to the collapse of Vantis. Hamilton-Smith and Wastell transferred to FRP Advisory and fought to be reinstated as liquidators of Stanford,[4] but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to Grant Thornton.[5]

Other notable clients

References

  1. ^ Press release, 30 June 2010. Cited at Business Credit Management, 30 June 2010. Retrieved 20 September 2010
  2. ^ FRP took on £11m of debt from Vantis, Accountancy Age, 15 September 2010. Retrieved 20 September 2010
  3. ^ Vantis sale process months in the making, Accountancy Age, 8 Jul 2010
  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. http://www.antiguaobserver.com/?p=61514. Retrieved 3 January 2012. 
  6. ^ Modular contractor Britspace enters administration, Building, 16 August 2011
  7. ^ JD Sports buys Peter Werth, Pink Soda, just-style.com (textile industry trade press), 31 May 2011. Retrieved 18 November 2011.
  8. ^ "More than 200 jobs saved at Merthyr's Triumph Furniture". BBC. 19 May 2011. http://www.bbc.co.uk/news/uk-wales-south-east-wales-13455572. Retrieved 3 January 2012. 
  9. ^ "Work Foundation bought out of insolvency". The Financial Times. 22 October 2010. http://www.ft.com/cms/s/0/396bf3aa-ddcb-11df-8354-00144feabdc0.html. Retrieved 28 October 2010. 
  10. ^ Jeff Taylor (14 November 2011). "Care homes under pressure and going bankrupt". http://www.economicvoice.com/care-homes-under-pressure-and-going-bankrupt/50025685. Retrieved 3 January 2012. 

External links