FRP ADVISORY LLP

Company Information

Company Number
OC355680
Registered Address
21 Highfield Road, Dartford, Kent, DA1 2JS
Status
Liquidation
Employee Count
311
Turnover
£54,312,000
EBITDA
£25,172,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
15 June 2010
Industries
Financial Services
Region
South East

Time to Pay

Average Time to Pay
18 days
Shortest Period:1 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
88%
31-60 Days
9%
After 60 Days
3%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-11-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 May 2019 - 31 Oct 201929 Nov 20191888%9%3%0%
01 Nov 2018 - 30 Apr 201903 Jun 20192286%11%3%0%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

FRP's standard payment terms are 30 days, unless there are contractual or business obligations to make payments earlier. There were no changes to the standard payment terms in the reporting period and no notification to suppliers was required.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

Disputes are resolved by the person/office which the invoice is sent to. Should it be necessary, the dispute is escalated to the finance director.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

FRP Advisory LLP is a leading business advisory and restructuring firm in the United Kingdom. They provide a wide range of services including business restructuring, corporate finance, forensic accounting, and forensic technology. The company has a strong commitment to sustainability and has implemented various practices to reduce their environmental impact.

Their sustainability program includes initiatives such as paperless office, energy-efficient practices, and recycling programs. They also work closely with their clients to identify and implement sustainable solutions for their businesses.

FRP Advisory LLP offers a variety of products and services to help businesses navigate through financial challenges and achieve their goals. Their business restructuring services include debt advisory, insolvency, and turnaround management. They also provide corporate finance services such as mergers and acquisitions, fundraising, and valuations.

The key people at FRP Advisory LLP include the managing partner, Geoff Rowley, and the executive chairman, Steve Stokes. They have a team of experienced professionals who are dedicated to providing high-quality and innovative solutions to their clients.

The company's website address is www.frpadvisory.com. Their registered office address is 110 Cannon Street, London, EC4N 6EU, United Kingdom. FRP Advisory LLP is registered in England and Wales under company number OC360564. They are regulated by the Institute of Chartered Accountants in England and Wales.

Financial Metrics

Cash
£4,946,000
Net Worth
£26,467,000
Total Current Assets
£36,016,000
Total Current Liabilities
£8,120,000

Company Location