Overview
UK business advisory firm expects to report FY 2026 revenues of at least £176m which is up 16% on the prior year
Co expects adjusted underlying EBITDA of at least £45m, up 9% on the prior year
Company expanded service offerings and made acquisitions during the year
Outlook
FRP sees persistent macroeconomic uncertainty impacting business confidence and supply chains in FY 2027
Company expects sustained demand for Restructuring and Corporate Finance services due to market positioning
FRP to launch Real Estate Advisory service pillar this month, expanding property-related offerings
Result Drivers
RESTRUCTURING LEADERSHIP - Co said it strengthened its position as the top UK firm for administration appointments, with notable mandates including Market Financial Solutions and Denbys Pottery
CORPORATE FINANCE GROWTH - Record revenue in Corporate Finance despite slower M&A markets, supported by resilient lower mid-market and private equity activity
INCREASED DEMAND FOR DEBT AND RESTRUCTURING ADVISORY - Rising demand for Debt Advisory and Restructuring services linked to inflation and supply chain pressures from Middle East conflict
Company press release: ID:nRSO4294Ea
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for FRP Advisory Group PLC is GBp200.00, about 77% above its May 14 closing price of GBp113.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)