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FRP Advisory has revealed that its adjusted profit-before-tax rose 47% to £20.3m, up from £13.8m, for the six months ended 31 October.
Alongside this, the company revealed that its revenue rose 32% to £77.6m compared with £58.7m in the same period last year.
The firm stated that 23% of its revenue increase was on an organic basis and 9% came as a result of its acquisitions.
During the period FRP acquired such firms as; Wilson Field Group, GWC, Hilton Baird, Lexington, Williams Ali and Globalview.
Furthermore, its adjusted EBITDA rose 44% to £22.3m compared with the £15.5m it posted for the same period in the previous year.
All this comes despite the fact the firm was actually appointed to less administrations than last year, that figure coming in at 98 down from 177 in the previous year.
Geoff Rowley, CEO, said: “Our strategy is to provide solutions that achieve the best possible outcomes for clients. Across both service pillars and locations we encourage collaboration, so the best team of specialist advisors is always put forward for each project.
“We continue to strengthen the group through acquisitions, with four completed across three of our service pillars. We also recently opened a new office in Belfast, Northern Ireland. Developing talent and managing succession is a key focus of the group. In H1 we were pleased to promote seven colleagues to partner, along with three more lateral hire partners.”
He added: “As demand for our services continues to increase, we remain committed to retaining our healthy collegiate culture where we promote the development, health and well-being of our colleagues.
“Each service pillar has a robust pipeline and a positive outlook. The board remains confident of achieving current market expectations for the full year, assuming current activity levels continue.”
