With businesses in turmoil and the economy in its deepest recession in 300 years, a surge in corporate collapses seemed likely. The reality has been a little more complicated, amid unprecedented government support for businesses and now a strong bounce-back in consumer spending.
However, that has not stopped FRP Advisory storming ahead since its AIM debut in March last year. Shares in the restructuring specialist, known for its work on administrations including Patisserie Valerie, ended last week at 125p — an 56 per cent rise on their float price of 80p — giving FRP a market cap of £303 million.
The firm was founded in 2010 via a management buyout of the business services unit of accountancy firm Vantis. Since then, FRP has carved out