FRP Advisory Group (Aim: FRP) is a leading advisory company specialising in restructuring and insolvency services across the UK, with a market share of 12%. Over the past decade, it has expanded and doubled down on its position, increasing its share of the market threefold from 4% at the beginning of the 2010s. The firm has grown despite a relatively benign backdrop for insolvencies and restructurings. According to the Insolvency Service, the number of corporate insolvencies reached a high of 24,000 in 2009 (across England and Wales) before declining to 14,500 a year in 2015, 2016 and 2017, before rising slightly to 17,000 in 2019 and then falling again to a multi-decade low of 12,300 in 2020.

In the years between 2009 and 2019, struggling businesses were supported by low interest rates and modest economic growth, but all that changed in 2022. Government-backed schemes to support businesses helped stave off a complete collapse in activity during the pandemic. But as the schemes were withdrawn and interest rates rose, the number of firms falling into distress also climbed. From a low of 12,631, the number of insolvencies in England and Wales more than doubled to 25,164 in 2023.

FRP Advisory Group’s expansion plans