FRP delivered an excellent set of FY24A results, with revenues up 23% YoY (+19% YoY organic) to £128.2m and adj. EBITDA of £37.1m (FY23A: £27.0m), materially ahead of our original £32m forecast (subsequently upgraded following the YE trading update). With the number of industry administrations rising 22% YoY, it was a busy year for FRP’s Restructuring practice, which also completed two acquisitions during the period (and a further two post-period-end), expanding its team by 19% YoY. With many bu ....
