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November 9, 2010

RSM Tenon Q1 performance on track

RSM Tenon expects to hit targets for the first quarter of 2011, according to its interim management statement.

The firm said its performance reflects a greater weighting of profits towards the second half of 2010, a result of integration timing, further investment in the recovery service line and the effect of government announcements on seasonal buying patterns.

Business from its entrepreneurial clients has built resilience in core services including audit, tax and advisory and its specialist taxation division, it said in the statement covering 1 July to 9 November 2010. 

RSM Tenon said it plans to continue investment in recovery services despite a fall in corporate insolvencies.

The integration of RSM Bentley Jennison is expected to be completed by the end of the year and will continue to build up its London presence through its existing offices and Vantis acquisition.

The company reported in September that profits to June this year were up with turnover rising by 28% to £190.4m ($304.6m).

RSM Tenon is the UK member of RSM International.


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