RSM Tenon dealing with overlap issues
Seventh largest UK firm attempts to iron out the quirks after the Tenon and RSM Bentley Jennison merger
Mergers are usually talked up to the hilt, but the positive noises often try
to drown out the rising din of upheaval caused by streamlining operations.
Tenon has partnered with RSM Bentley Jennison, in what was seen as a nice
fit, with two complimentary businesses.
But the 7th largest UK firm is in the throes of streamlining overlapping
parts of the expanded business, and Tenon’s quirky entrepreneurial branding is
currently missing from its website as part of an image overhaul. The
streamlining is likely to generate casualties in regions where RSM Tenon has
several offices. It conceded that office closures were on the cards but remained
upbeat.
“We have said previously that in a few locations we would combine offices and
teams and so create a better, bigger, more successful presence,” the firm said.
“By doing that, the business opportunities will far outweigh any disruption. We
will not be rushing into any changes and will consult our people if they are
affected.”
The firm’s website is also in limbo as the company decides how to incorporate
Bentley Jennison’s strong presence in the public sector and internal audit
market.
Conspicuous by its absence on the firm’s stop gap website was Tenon’s
familiar “advisers to entrepreneurs” strapline, but the firm said it would
remain focused on that sector.
“We were, are and always will be advisers to entrepreneurs of all sizes. Now,
of course, our scope and reach is extended to larger international businesses
and the public sector,” said a spokesman. The strapline will remain an integral
part of its audit, tax and advisory offering and will be prominent in its
literature, the firm added.
On the people front, Accountancy Age has learned Andrew Jupp, the national
head of tax, will be leaving. “Andrew will be leaving the business by mutual
agreement,” RSM Tenon said. “Our internal announcement about this thanked him
for his contribution to our success.” The firm would not reveal the reason for
his departure.
Further reading:
Moorfields
Corporate Recovery spins out of RSM firm