FRP Advisory

What FRP Advisory does

FRP Advisory Group plc is a UK-headquartered, AIM-listed specialist business advisory firm that listed in March 2020 and now operates from 33 locations across England, Scotland, Wales, Northern Ireland, the Isle of Man, and Cyprus. The company delivers services across six core pillars — Corporate Finance, Debt Advisory, Financial Advisory, Forensic Services, Restructuring Advisory, and Real Estate Advisory — with extensive sub-service lines covering M&A advisory, capital raising, private equity, leveraged and asset-based lending (£5m–£250m range), valuation, transaction services, pensions advisory, forensic investigations, and insolvency. FCA-regulated subsidiaries (FRP Real Estate Advisory Limited, reg. 655448; FRP Corporate Advisory Limited, reg. 716736) operate alongside the principal trading entity FRP Advisory Trading Limited. Clients include UK mid-market and enterprise businesses, private equity firms, lenders, and management teams; named engagements span The Body Shop, The Delivery Group, HV Energy Systems, Keystone Brewing Group, and John Fowler Holidays, among others. The firm is human-capital-intensive with no proprietary technology platform disclosed; service delivery is partner-led through a distributed office network.

The business model is professional-services fee-based, with revenue earned on advisory mandates across the six service pillars. Pricing is custom and engagement-based with no publicly disclosed rate card; contracts typically run on multi-year engagement structures for restructuring and forensic work and per-transaction mandates for M&A and debt advisory. The firm has executed 15 acquisitions since IPO to build out capabilities and footprint, including Hilton-Baird (£7m, 2024), Globalview Advisors (£5.5m, 2024), Lexington Corporate Finance (£3m, 2024), Wilson Field (£4.8m, 2023), and Arc & Co (£6.7m, 2025). FY2026 expected revenue is at least £176 million (up 16% YoY) with adjusted underlying EBITDA of £45 million, supported by 85 Corporate Finance and Debt Advisory deals closed in 2025 with aggregate value of £2 billion and £750 million in client debt raised. Distribution is direct via the partner network, with demand generation driven by thought-leadership content (notably the Decision Economy research partnership with Development Economics), regional dealmaker award participation, and PR.

Name

FRP Advisory

Legal name

FRP Advisory Group plc

Website

https://frpadvisory.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FRP Advisory Group plc is a UK-listed specialist business advisory firm delivering corporate finance, debt advisory, financial advisory, forensic, restructuring, and real estate advisory services to mid-market and enterprise clients through 33 offices.

Ownership category

akta.pro rank

Product category

Corporate Financial Advisory

NAICS

Other Management Consulting Services (541618), Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

akta.pro secondary industries

Debt Advisory & Financing Advisory (FSAEAGAD), Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Corporate finance advisory
• Restructuring advisory
• Debt advisory services
• Financial advisory services
• Forensic investigation services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Corporate Finance Advisory: M&A advisory, buy-side and sell-side transaction services, capital raising, and private equity advisory. Revenue generated through advisory fees on completed transactions.
2. Restructuring Advisory: Corporate restructuring, insolvency services, and turnaround advisory for businesses facing financial challenges.
3. Debt Advisory: Debt structuring, refinancing, and capital raising services. Debt solutions range from £5m to £250m across various sectors.
4. Financial Advisory: Transaction services, valuation services, financial modelling, lender services, pensions advisory, and financial reporting.
5. Forensic Services: Forensic investigations, dispute services, compliance and risk advisory, and forensic technology.
6. Real Estate Advisory: Specialist real estate advisory for investors, lenders, and developers across financing, development, monitoring and recovery.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

FRP Advisory is a UK-based national business advisory firm providing specialist advisory services across six core pillars: Corporate Finance (M&A advisory, capital raising, private equity), Debt Advisory (leveraged financing, growth finance, asset-based lending from £5m to £250m), Financial Advisory (valuation, transaction services, lender services, pensions, governance, ESG), Forensic Services (investigations, disputes, compliance), Restructuring Advisory (corporate restructuring, insolvency, creditor services), and Real Estate Advisory (financing, development, monitoring, recovery). Services are delivered through 33 office locations to companies, lenders, investors, and other stakeholders across the UK and Europe.

Product overview

FRP Advisory is a leading national business advisory firm providing a comprehensive portfolio of specialist services organised into six core pillars: Corporate Finance, Debt Advisory, Financial Advisory, Forensic Services, Restructuring Advisory, and Real Estate Advisory. The firm operates a platform-plus-modules architecture, with core services supported by extensive sub-service offerings. Corporate Finance encompasses M&A advisory, capital raising, private equity, and employee ownership trusts; Debt Advisory covers leveraged financing, growth finance, and asset-based lending; Financial Advisory includes valuation, transaction services, lender services, pensions advisory, governance services, financial reporting, and ESG; Forensic Services provides investigations, dispute resolution, and compliance advisory; Restructuring Advisory offers corporate restructuring, insolvency, and creditor services; and Real Estate Advisory serves investors, lenders, and borrowers. The services are delivered through 33+ offices across the UK and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Finance Tailored corporate finance solutions offering expert advice on M&A, raising finance, seeking investment, and business growth strategies for companies, lenders, investors, and stakeholders.
• Debt Advisory Bespoke debt advisory services offering strategic financing solutions, refinancing, acquisitions, and growth support to optimise capital structures, with debt solutions ranging from £5m to £250m.
• Financial Advisory Specialist financial advisory services including valuation, financial modelling, transaction services, lender services, pensions advisory, governance, and financial reporting to support informed decision-making.
• Forensic Services Expert forensic services combining accounting, technology, and industry knowledge to resolve disputes, investigations, and compliance challenges for corporate clients and their advisors.
• Restructuring Advisory Support for businesses navigating financial and operational challenges including corporate restructuring, insolvency, and creditor services to maintain stability and build resilience.
• Real Estate Advisory Specialist real estate advisory helping investors, lenders, and developers make informed decisions across financing, development, monitoring and recovery. Launched as a new service pillar in November 2025 following the Arc & Co acquisition.
• M&A Advisory Bespoke practical and tailored advice when selling or buying a business, with independent and consultative approach to deliver solutions designed to achieve strategic goals for business owners and management teams.
• Valuation Services Independent, objective valuation advice to support strategic decision-making across transactions, restructuring, and reporting for shareholders, boards, and creditors.
• Transaction Services Expert guidance throughout the transaction advisory process including vendor assistance, vendor due diligence, and buy-side financial due diligence for corporate buyers and sellers.
• Lender Services Detailed financial analysis of borrower's performance to help lenders make informed lending decisions including lender due diligence and independent business reviews.
• Pensions Advisory Tailored advice on pension scheme matters including employer pension covenant advisory, pension scheme transaction advisory, and trustee support.
• Forensic Investigations Expert forensic investigations services combining accounting, technology, and industry knowledge to resolve complex disputes and compliance challenges.
• Corporate Restructuring Support for businesses navigating financial and operational challenges to maintain stability and build resilience through complex restructuring processes.
• Private Equity Advisory Expert guidance to secure private equity investment, supporting management buyouts, and providing end-to-end transaction support from preparation to completion for PE firms and their portfolio companies.
• Capital Raising Advisory End-to-end capital raising services helping businesses navigate debt, equity, and alternative funding sources with extensive network of investors and lenders.
• Governance Advisory (One Advisory) Full range of governance and compliance services including board support, governance structure design, company secretarial services, IPO preparation, and regulatory compliance delivered through the One Advisory brand.
• Leveraged and Corporate Financing Structuring optimal debt packages with relationships across entire credit market to secure bespoke and innovative financing solutions ranging from £5m to £250m.
• ESG Services Expert ESG and corporate sustainability advisory helping businesses integrate ESG principles to enhance compliance, improve sustainability performance, and unlock new opportunities.
• Board and C-Suite Advisory Expert board advisory and C-suite advisory services preserving value, restoring confidence, and supporting organisations to achieve sustainable business growth.

Quantifiable outcome

• £2 billion aggregate deal value in 2025
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• Development EconomicscoreStrategic or Co-development Partner · 31 December 2025FRP partnered with research firm Development Economics to publish the Decision Economy report, analyzing decision-making patterns and economic impact on UK mid-market businesses. The research examined decision speed, barriers, and economic costs across regions including Yorkshire, North West, and East Midlands.
• Arc & CocoreStrategic or Co-development Partner · 14 November 2025Acquired FCA-regulated real estate financial advisory firm Arc & Co for £6.7 million, expanding into new real estate advisory service pillar. All 18 team members joined, launching FRP Real Estate Advisory.
• Globalview AdvisorscoreStrategic or Co-development Partner · 17 October 2024Acquired London-based Globalview Advisors, expanding FRP's valuations team and doubling its size to 16 professionals. Managing Director Sarpel Ustunel reinvested and joined FRP as a Partner.
• WilliamsAli Corporate FinancecoreStrategic or Co-development Partner · 4 September 2024Acquired WilliamsAli, a Newcastle-based corporate finance firm providing services in the North East and nationwide. The acquisition expanded FRP's market share, service offerings, and geographic footprint as part of growth strategy.
• Lexington Corporate FinancecoreStrategic or Co-development Partner · 19 July 2024Acquired Welsh firm Lexington Corporate Finance for £3 million plus associated net assets. First entry into Wales, strengthening market share and expanding geographical footprint.
• Hilton-Baird GroupcoreStrategic or Co-development Partner · 13 May 2024Acquired Hilton-Baird Group for £7 million including cash, shares, and performance earn-out. Deal added commercial finance and credit insurance operations, with key directors joining as partners. Hilton-Baird continues under its brand.
• GWC (Advisory and Insolvency)coreStrategic or Co-development Partner · 11 March 2024Acquired Douglas-based advisory and insolvency firm GWC in the Isle of Man. Eighth acquisition since IPO in 2020, expanding international reach and market presence.
• Wilson FieldcoreStrategic or Co-development Partner · 12 September 2023Acquired Sheffield-based restructuring group Wilson Field in a £4.8 million deal, increasing presence in Yorkshire and strengthening National Restructuring Advisory team.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• RSM UK: RSM UK is a mid-market-focused audit, tax and advisory firm operating nationally with comparable Corporate Finance, Restructuring and Forensic services — competing head-to-head with FRP for UK mid-market M&A, due diligence and lender advisory mandates.
• BDO UK: BDO UK operates a national practice with mid-market Corporate Finance, Restructuring, Forensic and Transaction Services — directly overlapping with FRP's six service pillars, particularly in deals between £5m and £250m.
• Grant Thornton UK: Grant Thornton UK provides Corporate Finance, Restructuring, Forensic and Deal Advisory services to UK mid-market and PE-backed businesses, making it one of FRP's closest peer competitors by service mix and client profile.
• Mazars UK (Forvis Mazars): Mazars (now Forvis Mazars) is a mid-tier advisory firm with strong Corporate Finance and Restructuring practices serving UK and European mid-market clients — directly comparable in service breadth and deal-size sweet spot to FRP.
• Begbies Traynor: Begbies Traynor is a UK-listed specialist in corporate recovery, restructuring and advisory with national coverage — the closest direct peer to FRP's Restructuring Advisory and insolvency practices, including formal appointments and pre-packs.
• Leonard Curtis: Leonard Curtis is a UK-wide business advisory and insolvency firm providing restructuring, corporate finance and forensic services — competing with FRP particularly in regional restructuring mandates and mid-market M&A.
• Alvarez & Marsal: Alvarez & Marsal is a global restructuring and turnaround specialist with a strong UK practice — competing with FRP on larger UK restructuring, special situations M&A and creditor-side advisory mandates.
• Kroll: Kroll (incorporating Duff & Phelps) provides restructuring, forensic, valuation and M&A advisory services globally — directly comparable to FRP's Forensic Services and Valuation sub-practices, particularly on cross-border engagements.
• Crowe UK: Crowe UK is a mid-tier accounting and advisory firm offering Corporate Finance, Restructuring and Transaction Services to UK mid-market clients — competing with FRP on similar deal sizes and sector profiles.

Broad incumbents

• Deloitte UK: Deloitte's UK Corporate Finance, Restructuring and Forensic practices serve the full spectrum of UK and cross-border mandates — a broader incumbent against which FRP competes on mid-market opportunities but which dominates larger deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/frp-advisory
• Xx.com/FRP_Advisory

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FRP Advisory