FRP ADVISORY (FRP) – Business Services
| Price: 140p +1.8% | P/E: 15.4x |
| Market Cap: £330m | Yield: 5.4% |
AIM-listed business advisory firm FRP posted a solid trading update for the six months to 31 October showing positive organic growth in revenue and profits.
Turnover rose 12% to £87 million, with 5% organic growth and 7% coming from acquisitions, despite a strong prior-year period, while EBITDA rose 3% to £23 million giving a margin of 26.4%.
The group has net cash of £16.5 million and is looking to add a sixth pillar to its business with real estate advisory.
Our View
FRP had a banner year in 2024/25 with the administration of The Body Shop and a large corporate finance project, so investors should be chuffed with this year’s progress.
The client pipeline is said to be ‘encouraging’ as more firms seek advice, and assuming current activity levels continue the group should have no difficulty hitting current-year expectations, which are for turnover of £164 million and EBITDA of around £45 million.
Read the press release here:
https://www.frpadvisory.com/investors
Disclaimer: This content is for information only and is not investment advice. Always do your own research before investing. Click here to see full disclaimer.
