FRP Advisory


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. The business has more than 360 staff including 49 partners and operates from 18 locations across England and Scotland. The business is a wholly owned subsidiary of FRP Advisory Group plc. FRP Advisory includes the trading divisions FRP Transition and First Financial.
FRP Advisory is a member of the Insolvency Practitioners Association, Association of Business Recovery Professionals, ICAEW, ACCA, ACA and the Turnaround Management Association].

History

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

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 was reported as contributing 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, but the Eastern Caribbean Court of Appeal confirmed their removal in May 2011, passing the case to Grant Thornton.