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April 30, 2008

New RSM UK member reveals some big ideas

New RSM UK member reveals some big ideas

RSM Bentley Jennison has revealed ambitious growth plans to become the number seven UK firm by fee income, after its recent move to mid-tier network RSM International.

Managing partner Tony Stockdale predicts the firm will grow 35 percent as a result of RSM membership.

“That will come from two sources,” he told IAB. “The first source will be that we will win more work here in the UK for companies trading overseas as a consequence of being together with other members able to offer worldwide coverage. Secondly, there will be work coming into the UK from other members… because the UK is one of the major trading nations in the world.”

Reaping the benefits Stockdale claimed that the firm has already benefited from its network membership. “At the moment we are talking to the RSM member in South Africa about some work which will start in September. We wouldn’t have been able to even be considered for that work without RSM,” he said.

Since forming in 1984, Bentley Jennison has a history of remarkable growth, doubling in size every four years. Stockdale added: “Of that, two thirds is organic growth and one third acquisition. That split has been the case for many, many years. I will be very disappointed if as a consequence of joining RSM we didn’t increase our organic growth rate materially,” he said.

According to RSM, Bentley Jennison recorded fee income of £63.7 million ($126.2 million) in 2006. It has 14 offices across the UK in cities such as London, Manchester, Leeds, Birmingham, Edinburgh and Cardiff. RSM said the firm is particularly strong in the provision of risk management, transaction support services and tax, which makes it a cosy fit with the global network’s strategic plan.

RSM’s global chief executive Jean Stephens told IAB the network is focusing on boosting its risk management and transaction support capabilities to large global companies as they are regarded as big growth areas.

Arvind Hickman

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