FRP Advisory Group plc
("FRP", the "Group" or the "Company")
FRP Advisory Group plc, a leading national specialist business advisory firm, today announces the appointment of Kathryn Fleming as a Non-executive Director with effect from 1 April 2023.
Kathryn is currently CFO of Control Risks Group, a global risk management consultancy and is a member of both their board and executive committee where she is responsible for overseeing all aspects of the financial performance and strategy across its worldwide operations. Kathryn also sits as a Non-Executive board member on Seerist Inc, a SaaS based provider of augmented analytics technology. Prior to that she held senior executive roles at leading professional service firms, Osborne Clarke and Eversheds. Kathryn is a Chartered Management Accountant.
On 30 April 2023, existing non-executive director, David Adams, will step down from his role. David has been on the board of FRP since shortly after its inception in 2010 and his contribution to the Group has been invaluable, supporting its growth from a small partnership into the c.£100 million revenue business it is today. He has also played a significant role in the creation and evolution of FRP's Corporate Finance business. The Group is exceptionally grateful for his contribution over the last 13 years.
Nigel Guy, Non Executive Chairman of FRP Advisory Group plc, said:
"After an extensive search process, we are very pleased to have someone of Kathryn's calibre joining the FRP board. Her experience of working in growing professional service firms with people at the core of the proposition is very relevant to us. At the same time, I would like to place on record our thanks to David Adams who will be stepping down from the Board shortly. David's experience and wise counsel has been invaluable over many years as we have transitioned from a small restructuring business into a listed, national, advisory firm."
Pursuant to Schedule 2 (g) of the AIM Rules for Companies, Kathryn Elizabeth Fleming (aged 51) has held the following directorships or partnerships in the past five years:
Next Generation Legal Services (NGLS) Ltd
Control Risks Group Holdings Limited
Control Risks Group Limited
Control Risks Limited
Control Risks International Limited
Control Risks Denmark ApS
Control Risks Ventures Limited
Control Risks Capital Limited
Seerist UK Limited
Control Risks Saudi Arabia Limited
Control Risks Services (West Africa) Limited
Kathryn Fleming does not hold any ordinary shares in the Company.
There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.
FRP Advisory Group plc
Geoff Rowley, CEO
Jeremy French, COO
Gavin Jones, CFO
Enquiries via MHP
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Katy Birkin/Max Gould (Corporate Finance)
Alex Pollen (Sales)
Tel: +44 (0) 207 397 8900
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd (Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP (Financial Public Relations)
Tel: +44 (0) 3128 8540 / +44 (0) 20 3128 8570
Notes to Editors
FRP is a leading national specialist business advisory firm established in 2010. It offers a range of advisory services to companies, lenders, investors and other stakeholders, as well as individuals. These services include:
· Restructuring advisory: corporate financial advisory, formal insolvency appointments, informal restructuring advisory, personal insolvency and general advice to all stakeholders.
· Corporate finance: mergers & acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits.
· Debt advisory: raising and refinancing debt, debt amendments and extensions, restructuring debt, asset based lending and corporate and leveraged debt advisory.
· Forensic services: forensic investigations, compliance and risk advisory, dispute services and forensic technology.
· Financial advisory: transaction services including financial due diligence, alongside its lender services, financial modelling, valuations, pensions and company-side advisory services.