FY21A results depict a year of continued strong organic and acquisitive revenue growth, with margins maintained despite a +30% rise in headcount. As FY21A's acquisitions annualise this year and new recruits' utilisation picks up, we see growth continuing at a strong, but more tempered pace given the current subdued market conditions, where UK insolvency appointments declined -26% over FY21A. Cash generation will materially improve this year given the majority of IPO liabilities have now been pai ....
27 Jul 2021
Cenkos: FRP Advisory Group Plc -- More steady and sustainable growth
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Cenkos: FRP Advisory Group Plc -- More steady and sustainable growth
FRP Advisory Group Plc (FRP:LON) | 121 1.8 1.3% | Mkt Cap: 304.2m
- Published:
27 Jul 2021 -
Author:
Cavendish Research -
Pages:
8
FY21A results depict a year of continued strong organic and acquisitive revenue growth, with margins maintained despite a +30% rise in headcount. As FY21A's acquisitions annualise this year and new recruits' utilisation picks up, we see growth continuing at a strong, but more tempered pace given the current subdued market conditions, where UK insolvency appointments declined -26% over FY21A. Cash generation will materially improve this year given the majority of IPO liabilities have now been pai ....