FRP Advisory Group PLC (AIM:FRP) CEO Geoff Rowley takes Proactive's Stephen Gunnion through the company's strong full-year results for the year to 30 April 2024.
Rowley highlighted that the year saw significant positive progress across all service lines, with restructuring remaining the largest part of their business. He noted the strong financial performance, with revenue up 23% to £128.2 million and adjusted underlying EBITDA up 37% at £37.1 million. Most of the growth was organic, demonstrating the company's effective operating model and conversion of top-line growth into profit.
Rowley discussed the strategic acquisitions made post-year-end, including Hilton-Baird Group and Lexington Corporate Finance, emphasising the importance of cultural fit, strategic rationale, and fair economics in their acquisition strategy. He also mentioned the company's healthy M&A pipeline and positive momentum heading into the new financial year.
"On the M&A front, yes, there are live discussions across four of our service lines," Rowley said, indicating ongoing opportunities for further growth.