FRP Advisory is one of the largest independent restructuring, business recovery and insolvency

Insolvency

Insolvency means the inability to pay one's debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts.Business insolvency is defined in two different ways:...

 firms in the UK, providing solutions to the mid-market business and financial community.

Locations

FRP Advisory has offices in Bexleyheath

Bexleyheath

Bexleyheath is a main suburban district of Southeast London, England, in the London Borough of Bexley with a small percentage of the district itself being in the London Borough of Greenwich. Bexleyheath is located on the border of Inner London and Outer London. It is east south-east of Charing Cross...

, Birmingham

Birmingham

Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...

, Bristol

Bristol

Bristol is a city, unitary authority area and ceremonial county in South West England, with an estimated population of 433,100 for the unitary authority in 2009, and a surrounding Larger Urban Zone with an estimated 1,070,000 residents in 2007...

, Hornchurch

Hornchurch

Hornchurch is a large suburban town in England, and part of the London Borough of Havering. Hornchurch is in North-East London .It is located east-northeast of Charing Cross and is one of the locally important district centres identified in the London Plan. It comprises a number of shopping...

, Leicester

Leicester

Leicester is a city and unitary authority in the East Midlands of England, and the county town of Leicestershire. The city lies on the River Soar and at the edge of the National Forest...

, London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Manchester

Manchester

Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...

, St Albans

St Albans

St Albans is a city in southern Hertfordshire, England, around north of central London, which forms the main urban area of the City and District of St Albans. It is a historic market town, and is now a sought-after dormitory town within the London commuter belt...

 and Worthing

Worthing

Worthing is a large seaside town with borough status in West Sussex, within the historic County of Sussex, forming part of the Brighton/Worthing/Littlehampton conurbation. It is situated at the foot of the South Downs, west of Brighton, and east of the county town of Chichester...

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History

FRP Advisory was formed following the acquisition of the Business Recovery Services division of Vantis

Vantis

Vantis plc was an accountancy firm based in London, England, providing accounting, tax and business advice to owner-managed businesses, listed companies, not for profit organisations, high net worth individuals and other professionals...

 plc on 29 June 2010, with offices based at 9 locations nationwide, 28 partners

Partner (business rank)

A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position. Originally, these businesses were set up as legal partnerships in which the partners were entitled to a share of the profits of the enterprise. The name has remained even though many of these...

 and 200 staff. FRP took on £11 million of Vantis' debt.

The name is derived from French Rowley Partners, after Jeremy French and Geoff Rowley who led the management buyout

Management buyout

A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...

 from Vantis.

Britspace Modular Buildings Limited

Based at Gilberdyke in East Yorkshire, Britspace specialises in off-site manufacturing by supplying modular buildings and bathroom pods to buildings such as schools, hotels and hospitals. Providing its clients with design expertise in addition to constructing the modular buildings. Britspace Modular Buildings Limited entered into administraion on 15 August 2011 with the appointment of Joint Administrators David Thornhill and Geoff Rowley, partners at FRP Advisory LLP.

Peter Werth and Pink Soda

JD Sports, the trainer and sports fashion retailer, purchased the major assets of Brand Acquisitions Limited and its subsidiaries (all in administration), including the menswear brand Peter Werth and womenswear brand Pink Soda. Brand Acquisitions Limited entered administration on 13 May 2011 with the appointment of Joint Administrators Jason Baker and Geoff Rowley, partners at FRP Advisory LLP. The successful sale, which saved 68 jobs in Peter Werth concessions across the UK, achieved the best outcome for creditors, the business and its stakeholders.

The Triumph Furniture Company

The Triumph Furniture Company, the 60-year old corporate furniture and storage supplier based in Merthyr Tydfil and Tredegar, South Wales, was been bought out of administration by the firm's management team, securing more than 200 jobs. Nigel Hamilton-Smith, Geoff Rowley and Charles Turner of FRP Advisory, were appointed Joint Administrators on 11 March 2011.
They traded the business as a going-concern, whilst identifying a suitable buyer to safeguard the company's future, while achieving the best value in the interests of creditors.

Winnie Care (Highgrove Limited)

FRP Advisory partners, Chris Stevens and Ian Vickers, secured the sale of Highgrove Care Home in Mexborough, South Yorkshire, to Ladhar Healthcare LLP on 31 May 2011. Winnie Care (Highgrove Limited), the operating company for Highgrove Care Home, entered into administration on 30 September 2010. Highgrove Care Home is home to 54 residents and has a staff of 82, who will be invited to transfer to the new company. The sale represents the third Winnie Care home to have been rescued from administration by FRP Advisory in a fortnight. Sandygate Care Home and The Beeches Care Home, both in Wath Upon Dearne, Rotherham, were successfully sold as going concerns to Methodist Homes on 23 May 2011.

The Work Foundation

FRP Advisory LLP partners, Jason Baker and Jonathan Birth, were appointed Joint Provisional Liquidators to The Work Foundation

The Work Foundation

The Work Foundation is a British not-for-profit organisation and independent authority providing advice, consultancy and research on the future of work, improving the quality of working life, leadership, economic and organisational effectiveness. The foundation works with government, business...

 on 21 October 2010, following a winding up petition filed in the High Court. On appointment, they successfully facilitated the acquisition of The Work Foundation, the UK′s leading independent authority on work and its future, by Lancaster University

Lancaster University

Lancaster University, officially The University of Lancaster, is a leading research-intensive British university in Lancaster, Lancashire, England. The university was established by Royal Charter in 1964 and initially based in St Leonard's Gate until moving to a purpose-built 300 acre campus at...

. This acquisition minimised losses to creditors of The Work Foundation, secured the employment of staff, including its executive vice chair Will Hutton

Will Hutton

William Nicolas Hutton is an English writer, weekly columnist and former editor-in-chief for The Observer. He is currently Principal of Hertford College, Oxford and Chair of the Big Innovation Centre , an initiative from The Work Foundation , having been Chief Executive of The Work Foundation from...

, and helped to safeguard the continuation of a 92-year legacy of campaigning and authoritative research on the world of work.

Fusion Glass Limited

Joint Administrators, Jason Baker and Geoff Rowley, partners at FRP Advisory LLP, successfully facilitated the sale of Fusion Glass Limited to Chelsea Artisans (Contracting) Limited. Fusion Glass entered into administration on 27 September with the appointment of FRP Advisory LLP. Following their appointment, the Joint Administrators secured a refinance, enabling the business to be traded through administration while a buyer was sought.

Calyx Group

FRP Advisory LLP partners and Joint Administrators to the Calyx Group, Geoff Rowley and Phil Armstrong, successfully sold the trade and assets of certain UK subsidiaries of Calyx Holdings Limited to a vehicle of Becap Fund LP, a dedicated fund of Better Capital Limited, saving more than 300 jobs. Jon Moulton

Jon Moulton

Jon Moulton is a British venture capitalist. He is the founder and managing partner of the private equity firm Better Capital, and is the former managing partner of the private equity firm Alchemy Partners...

 is founder and managing partner of the private equity firm Better Capital. The acquisition followed the Calyx Group entering into administration on 3 September with the appointment of FRP Advisory and the acquisition of the bank debt of the Group by Better Capital.

Aston Rothbury Factors

FRP Advisory LLP successfully secured the sale of the client portfolio of Aston Rothbury Factors to Bibby Financial Services. The deal, which completed on 26 July 2010, secured the funding lines of more than 40 clients. Aston Rothbury Factors went into administration on 28 June following the withdrawal of funding lines by the incumbent funder, with the appointment of FRP Advisory as administrators.

Stanford International Bank

Former Vantis executives Nigel Hamilton-Smith and Peter Wastell, who transferred to FRP Advisory, were acting as the joint liquidator

Liquidator (law)

In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets of the company and settling all claims against the company before putting the company into dissolution....

s of Stanford International Bank

Stanford International Bank

Stanford International Bank was a bank based in the Caribbean, which operated from 1986 to 2009. It was an affiliate of the Stanford Financial Group.- Operations :...

 Limited and Stanford Trust Company Limited. Following a claim made to the Eastern Caribbean Court of Appeal in May 2011, Nigel Hamilton-Smith and Peter Wastell have been removed as Joint Liquidators to Stanford International Bank – in liquidation. The case has now been passed to Joint Liquidators, Marcus Wide and Hugh Dickson at Grant Thornton BVI

Grant Thornton International

Grant Thornton International is a global profesional services network of independent accounting and consulting member firms which provide assurance, tax and specialist advisory services to privately held businesses, public interest entities, and public sector entities...

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