FRP said enquiries from struggling businesses dependent on the sector had “gone through the roof” as a result. According to advisory firm FRP, which restructures failing businesses, a "wave of company failures" is inevitable in the UK's oil and gas industry, with companies supporting the wider energy sector to fail first. The report says that while there are some bright spots for UK companies, they will be hit hardest by falling prices as well as higher costs from government regulation. A reduction of industry workers will have an impact on small-scale service industries, affecting hotels and guesthouses, as well as ferry and helicopter services transporting staff and equipment.
According to advisory firm FRP, which restructures failing businesses, a "wave of company failures" is inevitable in the UK's oil and gas industry, with companies supporting the wider energy sector to fail first. The report says that while there are some bright spots for UK companies, they will be hit hardest by falling prices as well as higher costs from government regulation. A reduction of industry workers will have an impact on small-scale service industries, affecting hotels and guesthouses, as well as ferry and helicopter services transporting staff and equipment.