FRP Advisory
 | |
| LLP | |
| Industry | Insolvency, restructuring |
| Headquarters | London, United Kingdom |
Key people | Jeremy French, Geoff Rowley |
Number of employees | 200 |
| Website |
www |
FRP Advisory is an independent business services firm based in the United Kingdom, providing restructuring and insolvency services.
Services
FRP Advisory is a nationwide specialist restructuring, business recovery and insolvency firm. It is one of the largest independent firms in its field,[1] operating from 13 offices, with 31 partners and about 200 employees.[2] FRP Advisory is incorporated in London, United Kingdom as a limited liability partnership.
History
The firm was formed in June 2010 by the founding senior partners Jeremy French and Geoff Rowley, whose initials form the basis of the name (French Rowley Partners), to undertake a management buyout of the Business Recovery Services division of Vantis plc.[3] FRP did not make a cash payment for the business, but took on £11 million of Vantis' debt.[4]
Notable clients
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,[5] a high-profile appointment which contributed 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,[6] but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to Grant Thornton.[7]
Others[8]
- Britspace Modular Buildings Limited[9]
- Peter Werth and Pink Soda, sold to JD Sports[10]
- The Triumph Furniture Company in South Wales, where 200 jobs were saved through a management buyout[11]
- The Work Foundation[12]
References
- ↑ "London". FRP Advisory. Retrieved 19 January 2012.
- ↑ Press release, 30 June 2010. Cited at Business Credit Management, 30 June 2010. Retrieved 19 January 2012.
- ↑ Vantis sale process months in the making, Accountancy Age, 8 Jul 2010
- ↑ FRP took on £11m of debt from Vantis, Accountancy Age, 15 September 2010. Retrieved 20 September 2010
- ↑ "Stanford International Bank". FRP Advisory. Retrieved 19 January 2012.
- ↑ Stanford liquidators fight to stay on after Vantis MBO, Accountancy Age, 30 Jun 2010
- ↑ "Stanford investors challenge court decision". Antigua Observer. 14 July 2011. Retrieved 3 January 2012.
- ↑ "Case Studies". FRP Advisory. Retrieved 19 January 2012.
- ↑ Modular contractor Britspace enters administration, Building, 16 August 2011
- ↑ JD Sports buys Peter Werth, Pink Soda, just-style.com (textile industry trade press), 31 May 2011. Retrieved 18 November 2011.
- ↑ "More than 200 jobs saved at Merthyr's Triumph Furniture". BBC. 19 May 2011. Retrieved 3 January 2012.
- ↑ "Work Foundation bought out of insolvency". The Financial Times. 22 October 2010. Retrieved 28 October 2010.