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July 19, 2010

RSM Tenon’s 2010 revenue as expected

RSM Tenon has reported that its underlying
profits will be in line with expectations when the group reveals
its results for the year ended 30 June on 22 September.

The firm said its success was in part due to
its comprehensive recovery services, its management of working
capital, and the acquisition of RSM Bentley Jennison in December
2009.

RSM Tenon chief executive Andy Raynor said the
firm has generated enhanced results across its entire range of
services.

“Strong recurring revenues, prominence in
recovery and overall performance improvements have produced success
in all divisions,” Raynor commented.

Raynor says the firm’s 2009/10 transactions
will be integrated to make strong organic progress going
forward.

RSM Tenon said it intends to prioritise cash
generation during future annual cycles and is on schedule to
complete the integration of RSM Bentley Jennison during the next
six months, co-ordinated with the integration of the leading
operating units of Vantis, which were acquired before the 30 June
year end.

 

 

 

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