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FRP Advisory has revealed that its trading across each of its five services is currently ahead of its board’s expectations.
As a result, the board has declared an interim dividend of 0.95p per eligible ordinary share for the third quarter ended 31 January 2025.
The dividend will be paid on 13 June 2025 to shareholders on the register on 16 May 2025, with the ex-dividend date being 15 May 2025.
This is a slight increase in dividend compared to the 0.9p per share it dished out in Q3 2024.
Furthermore, the company has stated that its pipeline and activity levels remain strong going into Q4.
As a result, the board is confident that the group will deliver results for the year ending 30 April 2025 ahead of current market expectations.
The company expects to announce a full year trading update for FY 2025 trading update in mid-May 2025.
It comes after FRP has advised on a number of deals, most recently Nexus Infrastructure’s acquisition of Coleman Construction and Utilities.
To complement the existing business Nexus had a strategic objective of diversifying into additional key sectors, critical to UK infrastructure and had identified the water sector as being of particular interest.
FRP’s corporate advisory team led by partner Darren Miller acted as lead adviser to Nexus Infrastructure.
The team provided buy side support on all stages of the deal; providing a review of the civil engineering market, identifying potential acquisition targets and selecting a short-list of targets worth approaching.
