- Cash profits up by a third
- Improved utilisation rate
Half-year figures from FRP Advisory (FRP) fell in line with the recent submission by industry peer Begbies Traynor (BEG), to wit: the rise in corporate debt and administrations is now fuelling growth in business advisory services. This seems to have been a lagged effect, given the succession of interest rate rises has taken longer than expected to place a demonstrable strain on corporate balance sheets.