FRP Advisory has stated that it expects to report at least £176m in revenue in FY26, marking a 16% year-on-year increase.

The specialist business advisory firm said in its trading update for the year to 30 April that it expects underlying earnings to be up by 9% to at least £45m, in line with market consensus.

The company said its strong performance reflects its breadth and resilience in a year that has had periods of decision inertia for UK corporates due to uncertainty following the introduction of US tariffs and speculation ahead of the delayed Autumn 2025 Budget.

FRP stated that its corporate finance division reached a record year in revenue, despite challenging M&A markets, while its financial advisory and forensic services also experience steady to buoyant demand, particularly in financial due diligence and valuations.

It added that at the end of FY26 with the Middle East conflict impacting energy costs and beginning to affect supply chains. This is expected to add upward pressure on headline inflation and complicate central bank rate cut paths.

In its outlook, FRP said while persistent macroeconomic uncertainty is continuing to impact business confidence and firms who were already coming to terms with pressure from rising labour, energy and debt servicing costs now also face supply chain uncertainties.

It stated that the businesses most vulnerable to this include those exposed to energy and specifically oil supply, consumer and construction sectors, and those with large workforces or high debt service costs.

FRP said that its restructuring advisory pillar is therefore well positioned to assist clients, while its corporate finance pipeline also remains strong.

The firm will also launch its real estate advisory service pillar later this month, following the acquisition of Arc & Co. in November. This will bring together the group’s new and existing property capabilities in order to offer a wider range of services to clients.

Chief executive officer at FRP, Geoff Rowley, concluded: "This year, we further strengthened our model through a combination of targeted acquisition activity and investment in talent, geographic reach and service capabilities. Whilst the global and UK economies continue to be impacted by uncertainty, FRP remains well placed to continue to serve its clients across the entire economic cycle.

"The short and medium-term outlook for our markets remains positive and we have sufficient resource flexibility to respond to an increase in demand and a strong balance sheet to capitalise on investment opportunities when they arise. The board is therefore confident of further growth and progress in the new financial year."

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