FRP Advisory Group has acquired GWC, based in Douglas, which provides advisory and insolvency services across the Isle of Man. 

The firm’s owner and managing director, Gordon Wilson will join FRP as a partner while the eight-strong team will also join the group. This includes director Kathleen McGhee and advisory and insolvency managers Yvonne Dermott-Weir and Martin Wilman. They will continue to operate from the GWC office at Victory House on Prospect Hill, Douglas.

GWC is headquartered in Douglas, Isle of Man and provides a broad range of advisory services to local and international clients. This includes strategic commercial advice covering issues such as shareholder disputes, corporate simplification and reorganisation, regulatory intervention and director conduct, in addition to insolvency services.

The acquisition is the eighth FRP has made since it listed on the AIM market of the London Stock Exchange in March 2020 and an important step on its strategic growth plan.

It will enable FRP to continue to generate sustainable and profitable growth by combining a focus on organic growth with complementary acquisitions, which together will help FRP to increase market share, broaden its service offering to clients and expand its geographical footprint.

Given the proximity to the company’s 30 April 2024 year end, contributions from the GWC acquisition are not expected to alter market expectations for this financial year.

Geoff Rowley, CEO at FRP, said: ‘We’re pleased to welcome Gordon, Kathleen and the team to FRP, further strengthening our offshore and international presence.

‘Having worked with the team at GWC for several years, we know they share our values, are experts in their field and focus on providing the highest quality services to their clients. I have no doubt they will make a positive contribution to the business as they continue to grow in the Isle of Man.’

Gordon Wilson, MD of GWC added: ‘We’re excited to be joining FRP. We have worked with the team for the last few years, and this cements what has been a fantastic working relationship.

‘We are looking forward to growing and developing the business in the Isle of Man to make it the leading restructuring firm on the island. This will enable us to continue to provide our existing and new clients with an industry-leading level of service, as well as access to FRP’s wider offering.’

'The investment in our business from a leading firm like FRP is a strong endorsement of the Isle of Man market and will enable us to create further opportunities for our team here on the Island and beyond.’

The move followed FRP's acquisition of APP in Cyprus in 2022 by FRP and will support the firm’s work with global advisory organisation Eight International.

Pictured: Kathleen McGhee and Gordon Wilson