Revenue and profits up at RSM

Accountancy firm RSM has posted a 9% increase in UK revenues for the year ending 31 March 2017, with profits rising 16% to £5m.

Revenue at the firm, which has offices in Nottingham and Leicester, now stand at £319m. Consulting, human resource and legal services grew by 46.6% to almost £16m for the year.

Partner and staff numbers rose by 4 per cent to almost 3,500 while total partner and staff remuneration increased by 11 per cent to £202m.

Laurence Longe, RSM’s chief executive, said: “This year’s excellent financial results very clearly show the commercial benefit of the major investment that has been made in first reshaping and then rebranding the firm following the absorption of the former Tenon business in 2013. Significant underlying organic growth in multiple revenue streams in 2017 is now making its contribution to RSM achieving its long term strategic objective of becoming the first-choice adviser to middle market leaders, globally.”