BusinessCompany NewsRSM Robson Rhodes announces profit of £14m

RSM Robson Rhodes announces profit of £14m

RSM Robson Rhodes has announced operating profits of £14.1m, a rise of 8% on last year's figures.

Link: Coca-Cola scales back profit targets

The mid-tier firm saw turnover increase by 14% to £75.2m for the year to 30 April 2004, the third consecutive year of double-digit growth.

The biggest growth area was the firm’s consulting business, which saw revenues rise from £7.1m in 2003 to £12m this year.

Chris Connor, senior partner at RSM Robson Rhodes, said the firm planned to become a ‘£200m business by 2007’.

Connor added: ‘Our market focus continues to be rewarded by our efforts, with each service area showing growth. Our success is a combination of responding to the needs of clients as well as ensuring we take advantage of opportunities available through conflict issues.

‘We have increased our market share and driven our business forward by making selective acquisitions and recruiting talented individuals.’

The firm bought RSM Moffat, a specialist IT company, creating a team of 200 in the sector. Its audit practice grew £2.5m to £26.2m for the year ended 30 April, while tax revenues rose to £12.4m.

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