Profits rise at RSM Tenon

ACCOUNTANCY group RSM Tenon saw underlying profit rise by 53 per cent in the first half of the year as turnover rose by 65 per cent in the same period.

The firm, which has five offices across Yorkshire, said underlying operating profits rose 53 per cent to £13.5m in the six months to December 31. Turnover rose 65 per cent to £121.1m.

RSM Tenon, which was created by the merger of Tenon and RSM Bentley Jennison in 2009, said the physical integration was ‘effectively complete’, including 16 property moves and seven office refurbishments.

A one-off exceptional charge of £5.8m relating to integration was charged to the accounts in the period.

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