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REG - FRP Advisory Grp PLC - Annual Report & Accounts

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RNS Number : 0013V  FRP Advisory Group PLC  05 August 2022

5 August 2022

 

FRP Advisory Group plc

("FRP" or the "Group")

 

Annual Report & Accounts

 

FRP Advisory Group plc, a leading national specialist business advisory firm,
announces that it has published its Annual Report and Accounts for the year
ended 30 April 2022 ("2022 Annual Report and Accounts"), which is now
available on the Group's website at
https://www.frpadvisory.com/investors/financials-documents/
(https://www.frpadvisory.com/investors/financials-documents/) .

 

During the finalisation of the FY 2022 Annual Report & Accounts, the Group
became aware of two inconsistencies within the FY 2022 Results preliminary
announcement, which was issued on 22 July 2022. The Group's prior year
headcount for the year ended 30 April 2021 was 457 Colleagues, excluding
consultants, rather than 438. There has also been a presentational change in
the Group's cashflow statement, where an operating outflow has been
reclassified to investing activities, from a reduction in payables to an
increase in acquisition of subsidiaries less cash acquired in the year ended
30 April 2022. This has no impact on the Group's year end net cash position of
£18.1 million, as announced.

 

An updated version of the Group's FY 2022 results presentation has been
uploaded to Group's website.

 

Enquiries:

 

FRP Advisory Group plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

 

Cenkos Securities plc (Nominated Adviser and Sole Broker)

Katy Birkin/Max Gould (Corporate Finance)

Alex Pollen (Sales)

Tel: +44 (0) 207 397 8900

 

MHP Communications (Financial Public Relations)

Oliver Hughes

Charlie Barker

Pete Lambie

Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570

FRP@mhpc.com

 

Notes to Editors

 

FRP is a professional services firm established in 2010 which offers a range
of advisory services to companies, lenders, investors and other stakeholders,
as well as individuals. These services include:

 

·    Corporate finance: mergers & acquisitions (M&A), strategic
advisory and valuations, financial due diligence, capital raising, special
situations M&A and partial exits.

·    Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal insolvency
and general advice to all stakeholders.

·    Debt advisory: raising and refinancing debt, debt amendments and
extensions, restructuring debt, asset based lending and corporate and
leveraged debt advisory.

·    Forensic services: forensic investigations, compliance and risk
advisory, dispute services and forensic technology.

·    Pensions advisory: pension scheme transaction advisory, pension
scheme restructuring advisory, covenant advisory and corporate governance.

 

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