RSM Tenon Q1 performance on target

Q1 PERFORMANCE was on target for RSM Tenon, with government spending cutbacks unlikely to adversely impact the firm going forward.

RSM Tenon reported “resilient” performance from entrepreneurial clients across its service lines.

The focus of its risk division will continue on providing essential services to the public sector, albeit identifying opportunities to migrate a greater proportion of services to corporate clients. The firm’s financial management advisory business expects an immediate boost from the effect of changes to pensions legislation.

Further investment will be made in RSM Tenon’s business recovery service line, despite a fall in corporate insolvencies. The firm intends to capture more market share.

Integration of RSM Bentley Jennison is expected to be “largely complete” by the end of the year, with efforts to build up its London presence through its existing offices and Vantis site acquisitions continuing.

Tenon reported in September that profits to June this year had climbed 38% withandy raynor turnover climbing 28% to £190.4m.

Chief executive Andy Raynor (pictured) said it was a “time of positive transformation and growth”.

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