FRP Advisory Group Plc (LSE:FRP) said it expects full-year revenue for the year ended 30 April 2026 to rise 16% to at least £176 million, while adjusted underlying EBITDA is projected to increase 9% to a minimum of £45 million. The results are broadly in line with market expectations despite ongoing macroeconomic uncertainty.
Growth during the period was driven by strong demand for the group’s restructuring services, record revenues within its corporate finance division, and continued activity across financial advisory and forensic services. The company said its corporate finance business particularly benefited from resilient lower mid-market transactions and ongoing private equity activity. Headcount increased 12% year-on-year to 894 employees, and the board intends to propose a final dividend.
Expansion Strategy and Acquisition Activity Continue
FRP Advisory Group Plc maintained a strong financial position with approximately £26 million in net cash at year end, supported by an undrawn £10 million revolving credit facility.
The company continues to pursue a combined organic growth and acquisition strategy, including the acquisitions of One Advisory and Arc & Co, as well as a minority investment in Queens Tower Advisory. FRP also expanded its office and service network across Liverpool, Leeds, Manchester, and London while formally launching a new Real Estate Advisory division.
Management said the group is well positioned to benefit from increased restructuring and debt advisory demand amid persistent inflation, elevated energy costs, and ongoing supply chain disruption, supporting confidence in continued growth through FY2027 and beyond.
Financial Position and Market Outlook
The company’s outlook continues to be supported by strong underlying financial performance, strategic expansion initiatives, and positive market positioning. Recent acquisitions and geographic expansion have reinforced FRP’s growth profile, while technical indicators continue to suggest positive market momentum.
Valuation metrics remain relatively balanced, reflecting both the company’s growth prospects and its income-generating characteristics. The absence of recent earnings call commentary was not viewed as materially affecting the overall outlook.
More About FRP Advisory Group Plc
FRP Advisory Group Plc is a UK-based specialist advisory firm established in 2010 that provides restructuring, corporate finance, debt advisory, forensic, and financial advisory services to businesses, lenders, investors, and individuals.
The company operates across the economic cycle, with particular strength in UK insolvency work, lower mid-market mergers and acquisitions, and debt advisory services. FRP continues to expand both geographically and across new service areas, including its recently launched Real Estate Advisory platform.
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