IN BRIEF: FRP Advisory expects to post profit jump as notes challenges
FRP Advisory Group PLC - London-based business advisory firm - Expects to report revenue for the financial year to April 30 grew 19% to £152 million from £128.2 million, with underlying earnings before interest, tax, depreciation and amortisation up 11% to £41 million from £37.1 million. ‘The final quarter of the financial year saw a marked increase in macroeconomic volatility, driven predominantly by US announcements regarding global trade tariffs, impacting business confidence and causing delays in decision making. Several Corporate Finance projects extended their completion date into FY 2026,’ FRP adds.
The company says that many UK companies are facing cost pressures such as inflation and debt service, as well as the increase in employers’ national insurance contributions. ‘Companies with large workforces and tighter margins will be particularly impacted, for example, those in the hospitality and retail sectors,’ FRP says. More positively, it says that it is well placed to support clients through times of change across the corporate lifecycle.
Current stock price: 131.53 pence each, down 4.3% on Thursday afternoon in London
12-month change: up 7.8%
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