PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

FRP Advisory adds partner

Business advisory firm FRP Advisory has strengthened its restructuring team with the appointment of Phil Reynolds as partner based in the firm’s London office.

Reynolds has 23 years’ restructuring experience gained within a number of ‘big four’ professional services firms both in London and internationally.
 
Reynolds has a focus on providing advisory and insolvency services to both corporates and their lenders principally within the mid-market and has deep experience in the retail, technology and leisure sectors. He has also more recently been closely involved with the charities and wider not-for-profit sector, having undertaken restructurings to resolve pensions issues, or driven defensive mergers to help drive down overheads and to protect front line services.
 
Reynolds joins FRP Advisory after 13 years with Deloitte where he was a director in the firm’s restructuring services division, focusing more recently on the retail sector. Prior to Deloitte he had four years with KPMG’s business restructuring team based in the UK and Singapore, handling a variety of advisory and formal insolvency appointments in Europe and the Asia-Pacific region. Reynolds spent the first five years of his career with PwC’s business recovery team. He is a licensed insolvency practitioner, gaining Joint Insolvency Examination Board accreditation in 2005.
 
Reynolds’ arrival is in response to growing client demand for both FRP Advisory’s general business improvement and its restructuring advisory services for corporate clients across all sectors.
 
The appointment is part of FRP Advisory’s continued expansion across all disciplines, including restructuring, corporate finance and debt advisory as the firm continues to grow its presence across a range of business sectors and strengthens its relationships with finance communities both in London and internationally.
 
Phil Reynolds, partner at FRP Advisory based in London, says: “I am delighted to join FRP Advisory and be part of a team providing hands-on business advisory and restructuring advice. Whilst macro uncertainties continue regarding the direction of travel for the economy, businesses continue to look for experienced advisors to come up with commercial solutions at times of strategic change. I will continue to bring my experience to bear in the retail, leisure and technology sectors, I have also more recently been advising businesses across other sectors on managing risk from corporate failures within their supply chains.
 
With my colleagues at FRP Advisory I have a shared ambition to continue with engagements helping the charities and wider not-for profit sector, where there is a growing demand for specialist restructuring advisors, as charities grapple with the increasingly complex demands in the face of declining revenues. Many charities seeking to serve overlapping community needs are also looking for creative solutions to drive down overheads and we anticipate more defensive-led mergers as part of a wider ripple of restructurings across the sector.
 
Geoff Carton-Kelly, partner at FRP Advisory and head of the London office, adds: “Phil is a welcome addition to the FRP Advisory team of business advisors in London. His wide experience in advising companies, their management teams and key investors and lenders will further strengthen FRP Advisory’s core restructuring offering across all business sectors. Phil brings to FRP Advisory a proven track record of creating bespoke solutions for complex restructuring situations for businesses and has deep connections with a range of banks and other lenders across the financial and investment communities.
 
The on-going strengthening of FRP Advisory’s core restructuring business complements the growth of our debt advisory, corporate finance and forensic and pensions service lines, enabling us to support businesses throughout the corporate lifecycle.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured