Robson Rhodes releases first results
RSM Robson Rhodes has taken its first step towards becoming a limited liability partnership by releasing its first ever annual results showing operating profits up 26%.
Link: Robson Rhodes calls for audit restrictions
The results come on the back of trade secretary Patricia Hewitt announcing that all auditors of publicly quoted companies should also be publishing their own annual report and accounts.
Robson Rhodes recorded fee income up 14% to £57m from £50.2m last year. Operating profits stand at £11.2m, up from £8.9m, and profit per partner rose by 3% to £164,000. The firm’s number of staff also rose by 14%.
Chris Connor, senior partner at RSM Robson Rhodes, said: ‘The professional services industry has been operating in difficult market conditions in the past year, but I’m delighted to say that RSM Robson Rhodes continues to buck the economic trends.ÿ
‘High quality people are at the core of our business and our ability top attract them is vital to our continued success. I am pleased that over the past 12 months, while competitors were shedding people, our staff levels are up 14%.’