Business
Acquisition of One Advisory Group
Acquisition of One Advisory Group.
About this update from Frp Advisory Group Plc
[{"type":"text","content":"\n\n12 May 2025\nFRP ADVISORY GROUP PLC\n(\"FRP\", the \"Group\" or the \"Company\")\n \nAcquisition of One Advisory Group\n \nFRP Advisory Group plc, a leading national specialist business advisory firm, is pleased to announce the acquisition of One Advisory Group* (\"One Advisory\") for a consideration of £5.6 million, plus an additional amount for the net assets acquired on completion of approximately £2.5 million (the \"Acquisition\"). The total consideration for the acquisition is split between cash of approximately £6.5 million and the issue of new ordinary shares with a value of approximately £1.6 million.\n \nOne Advisory is based in the City of London and provides financial reporting and transaction advisory, and governance services to more than 100 UK and International clients, the majority of whom are listed on the London Stock Exchange. The One Advisory team comprises 41 colleagues, all of whom will join FRP, including the firm's three directors, Matt Wood, Laura Nuttall and Michael Butler, who will join as Partners.\n \nThe acquisition is in line with FRP's strategy to generate sustainable profitable growth by combining a focus on organic growth with acquisitions that meet the Group's selective criteria. This approach enables the Group to increase market share, broaden its service offering to clients and expand its geographical footprint to drive growth. This acquisition broadens FRP's transactional service offering and adds new governance advisory capabilities. It is the Group's fourteenth since IPO in March 2020.\n \nFor the year to 31 March 2025, One Advisory's unaudited revenue was £4.7 million of which more than half was generated from retained clients, and unaudited EBITDA was £1.1 million. On an annual basis going forward it is expected that One Advisory's underlying incremental contribution to FRP will be revenue of c. £4.9 million and adjusted1 EBITDA of c. £1.1 million; although within any financial year, there will be timing volatility depending on when transactions complete.\n \nGeoff Rowley, CEO of FRP Advisory, said: \"This acquisition further strengthens our national financial advisory business. One Advisory will continue to provide governance advisory services under their existing brand and their financial reporting and transaction advisory team will go to market as FRP....