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Highlights

  • Strategic Acquisition: FRP Advisory acquires One Advisory Group for £5.6 million, expanding its service offerings.

  • Addition of Key Talent: One Advisory's 41 employees, including three directors, will join FRP Advisory as partners.

  • Financial Impact: Expected annual contribution of £4.9 million in revenue and £1.1 million in adjusted EBITDA from One Advisory.

FRP Advisory Group plc (LSE:FRP), a leading UK-based business advisory firm, has announced the acquisition of One Advisory Group for £5.6 million, with an additional £2.5 million for net assets acquired upon completion. The total consideration for the acquisition is made up of £6.5 million in cash and £1.6 million in new ordinary shares.

One Advisory, located in the City of London, offers a comprehensive suite of services in financial reporting, transaction advisory, and governance to over 100 clients, the majority of whom are listed on the London Stock Exchange. The team at One Advisory, consisting of 41 professionals, will integrate with FRP, including the firm’s three directors—Matt Wood, Laura Nuttall, and Michael Butler—who will join FRP Advisory as partners.

This acquisition is part of FRP Advisory's broader growth strategy, which combines organic expansion with selective acquisitions to build market share, enhance service offerings, and extend its geographical reach. With this acquisition, FRP strengthens its transactional services and governance advisory capabilities, marking its fourteenth acquisition since its IPO in March 2020.

For the fiscal year ending 31 March 2025, One Advisory reported unaudited revenue of £4.7 million, with more than half of that from retained clients, and unaudited EBITDA of £1.1 million. Looking ahead, FRP expects One Advisory to contribute approximately £4.9 million in annual revenue and £1.1 million in adjusted EBITDA, though timing volatility is anticipated based on when transactions are finalized.

Key Talent Integration

The addition of One Advisory’s team, including experienced directors who will now serve as partners, provides FRP with significant expertise to further strengthen its advisory capabilities.