FRP Advisory AIM:FRP
- Founded
- 2010 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Geoff Rowley
- Employees
- 827
- Reports in
- GBP
- Companies House
- 12315862
Professional services firm specialising in restructuring and insolvency, one of the UK's largest administrators of corporate failures, alongside corporate finance, debt advisory, forensic services and pensions advisory. Grown through partner hires and acquisitions; activity is partly counter-cyclical.
Read straight from the annual reports
115p at close on 2 Oct 2026 · 8 reported years, 2019–2026
| Line | FY201904/19 | FY202004/20 | FY202104/21 | FY202204/22 | FY202304/23 | FY202404/24 | FY202504/25 | FY202604/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Operating profit | |||||||||
| Exceptional items | — | — | |||||||
| Net finance cost | |||||||||
| Profit before tax | |||||||||
| Tax charge | |||||||||
| Profit for the year | |||||||||
| EBITDA | |||||||||
| Basic EPS | — | ||||||||
| Diluted EPS | — | ||||||||
| Adjusted EPS | — | ||||||||
| Dividend per share | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
8 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Organic growth across all five service pillars
Revenue growth of 16% to £177.0m comprised 10% organic and 6% inorganic growth
page 5Restructuring/insolvency appointment share
Market share of administration appointments increased to 14% (FY2025: 13%); maintained position as leading UK appointment taker
page 6Adjusted EBITDA margin
Adjusted EBITDA margin of 26% in FY2026, with EBITDA up 12% on revenue up 16%
page 96Personnel cost base
Personnel costs of £101.9m represent c.58% of £177.0m revenue and grew 16% with headcount and wage growth
page 129All service pillars enter the new financial year with strong pipelines and positive momentum, supporting confidence in near-term activity levels, assuming broadly stable market conditions.
page 1914 May 2026: interim dividend of 1.0p per eligible ordinary share declared (for the period to 31 January 2026), paid 12 June 2026
page 144Progressive dividend policy: the Group pays quarterly dividends which have increased each year since IPO in March 2020. FY2026 total dividends of 5.8p per share (FY2025: 5.4p), comprising three interim dividends of 1.0p and a final proposed dividend of 2.8p, subject to shareholder approval at the AGM
page 13Directors adopted the going concern basis, assessing a 21-month period to January 2028 using downside sensitivities (10% reduction in recovery rate, 10% reduction in utilisation, 60-day increase in WIP days, and a combined 50%-weighted scenario); the Group retained sufficient liquidity and covenant compliance in all scenarios. PKF Littlejohn LLP issued an unqualified/unmodified audit opinion with no material uncertainty regarding going concern identified. Key Audit Matters were: (1) revenue recognition and valuation of unbilled revenue (contract assets), and (2) acquisition accounting for the two acquisitions completed in the year.
page 102- Key-person/talent retention risk — dependence on Partners and senior fee earners (including CEO and COO) for client relationships and revenue generationp.45
- Market/economic risk — sensitivity of restructuring and corporate finance activity levels to macroeconomic and geopolitical conditionsp.42
- Regulatory and compliance risk — operating under AIM Rules, insolvency practitioner regulation, FCA-related regulation (via Arc & Co) and UK Market Abuse Regulationp.44
- Cyber security and IT/data riskp.48
Read from C000504-AR-2026-ch.
7 annual reports read, FY2020 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (7)
FY2027Next report expected 29 Jul 2027