FRP Advisory reported a drop off in restructuring appointments in the last financial year as government financial aid protected many businesses from collapse during the Covid pandemic.
The professional services firm, which plans to pay a dividend for the year, said the number of insolvency appointments it secured in the last 12 months was down 26 per cent on the previous year.
Read more: Prezzo to shut 22 restaurants after insolvency deal
The restructuring team grew market share in an overall subdued market, due to the various support measures made available by the UK Government in response to the Covid-19 pandemic, FRP said in a statement this morning.
However, FRP chief executive Geoff Rowley noted that the company has sufficient res…
Read the full article at: https://www.cityam.com/frp-advisory-reports-dip-in-insolvency-jobs-as-government-measures-stave-off-corporate-collapses/
