RSM Tenon slashes losses in first half

NATIONAL accountancy group RSM Tenon has reported an improved half-year performance, the result of a major drive to slash costs and reduce headcount.

The firm, which has offices in Manchester and Chorley, announced an underlying loss of £0.6m for the first half of its current financial year and has said it remains in its bankers considering the size of the group’s debt.

The firm made an underlying loss of £10.9m for 2011, prompting a series of cutbacks and restructuring.

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