As specialist business consultancy FRP expands its UK footprint, the firm has added a third North East regional office in Houghton-le-Spring. The location takes FRP’s national network to 25 offices.
Shaun Hudson, a Manager with FRP in the North East, said, “Many businesses are forecasting challenging times, with supply chain disruption and increased operating costs impacting their ability to effectively bounce back from the pandemic period. At this critical time, we are committed to providing businesses in Sunderland and Durham with specialist business advice on patch, which is especially pleasing for me as a native Wearsider.”
According to Hudson, the North East stands to benefit from a number of growth initiatives in the coming years. Amid the government’s levelling up efforts, and the continued growth of the Northern Powerhouse project, the region expects boosted connectivity and productivity in the local economy – something which FRP will look to help businesses take advantage of, while building resilience and innovation.
FRP already operates established offices in Newcastle and Teesside, with a 30-strong team of restructuring advisory specialists in the region. The addition of its new office builds on this presence in the North East, and will see eight of FRP’s employees based out of the office in Houghton-le-Spring.
Jeremy French, chief operating officer at FRP, added, “This is an exciting time to be a part of FRP as we see increasing demand for our services across the UK. We’re expanding, recruiting and increasing our support for clients right across the UK, and that’s a result of our teams’ growing reputation for excellence and track record of delivering the highest quality service. We’ll continue to build on these foundations in the North East throughout 2022 and look forward to welcoming new colleagues to the team in the near future.”
FRP’s move will see it take space at Sunderland City Council’s Evolve Business Centre in Houghton-le-Spring, increasing its support for clients in Sunderland and Durham. Meanwhile, this plays into FRP’s ongoing growth strategy. A series of new office openings in Southampton, Cambridge, Glasgow and Milton Keynes has taken the firm’s national footprint to a network of 25 offices.
At the same time, FRP has been able to build capacity further with a number of acquisitions. Recently this saw it add property specialist Bridgeshield Asset Management to its growing offering. Bridgeshield supports lenders across the UK, advising on property assets and loan risk management in the sector.