FRP appoints Simon Stibbons as Partner in London

12 July 2021 Consultancy.uk 2 min. read
Profile
More news on

FRP has grown its restructuring advisory team in London with the appointment of Simon Stibbons as a Partner.

Stibbons said of the news, “I’m looking forward to bringing my experience leading on a number of the government’s most complex and high-profile restructurings to FRP. This is a dynamic business with a fantastic reputation, a highly talented team and a track record that speaks for itself.”

As one of the UK’s largest independent business advisory firms specialising in corporate restructuring, FRP has a strong reputation for preserving and recovering value across a range of complex situations. Amid the financial distress many firms currently suffer from, FRP is expecting an uptick in demand for support from businesses across the public and private sectors. The latest hire helps strengthen the firm’s focus on business rescue and outcomes that deliver the strongest return for creditors.

FRP appoints Simon Stibbons as Partner in London

Arriving from EY, Stibbons is a licensed Insolvency Practitioner with more than 23 years’ experience leading on large complex insolvencies for lenders and companies. Most recently at the Big Four firm, he led the government team in restructuring, working to create contingency plans for the failure of privately run public services. Earlier in 2021, this saw him help bring troubled rail franchise operators London North Eastern Railway and Northern Rail back under government control.

FRP COO Jeremy French said, “Simon comes to FRP with a mandate to build on the good work we have already done building our government and regulatory offering. With the government support for businesses – including private sector suppliers of public services – falling away from Autumn 2021, there are likely to be a significant number of public sector suppliers showing signs of distress post-Covid. At the same time, local authorities and other government departments continue to experience funding cuts, which is likely to lead to businesses requiring additional support.”

The appointment follows a year of significant growth for FRP, which has grown its headcount by 29%, including the recent hire from Deloitte of Greg Cox. It has also made 34 promotions across its network of 22 UK offices.