FRP Advisory Group reported solid growth in the six months to 31st October, with revenue up 12% to £87.1 million and underlying adjusted EBITDA rising 3% to £23m.

Adjusted profit before tax increased 4% to £21.1m, while net cash rose 24% to £16.5m, supporting a 5% increase in the interim dividend to 2p per share.

The group continued to see steady demand across its advisory services, remaining the leading administration appointment taker by volume and expanding its corporate finance and financial advisory operations through new offices and selective acquisitions.

FRP said it enters the second half with an encouraging pipeline and remains confident of meeting full-year expectations.