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RSM UK history
RSM UK company history timeline
It acquired five firms in April 2001 for £60 million, making it the 15th largest and the first PLC in the United Kingdom league table of accountancy firms.
In practice, the company found it difficult to integrate these businesses, and its share price dropped to 6.25p in 2003, following the dot-com bubble.
It had over 1,000 staff in fifteen offices around the United Kingdom in Birmingham, Bristol, Cardiff, Edinburgh, Harrogate, Leeds, London, Manchester, Milton Keynes, Newcastle, Nottingham, Solent, Stoke-on-Trent, Swindon and Telford. It was ranked #14 in the accountancy league table of 2007, of chartered accountants and business advisors.
Tenon announced in December 2009 that it was merging with RSM Bentley Jennison in a £76 million deal.
In February 2010, the Financial Services Authority imposed a £700,000 fine for mis selling of structured finance products by Tenon.
RSM Tenon's shares moved up from the AIM to the main United Kingdom London Stock Exchange in May 2010.
At the end of June 2010, RSM Tenon paid £6.8 million to acquire several offices from rival consolidator Vantis, when the latter entered administration and was broken up.
The acquired businesses had a turnover of £27 million in the preceding year, and contributed to a 31% increase in turnover for the year ended June 2011.
In January 2012, the firm warned of losses "due to pricing pressures amid a difficult economy". Raynor, and the firm's chairman Bob Morton, stepped down.
On the 26 October 2015 the firm adopted the name RSM and united under a single global brand with RSM audit, tax and consulting firms across the world.
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RSM UK competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| RegentAtlantic | 1982 | $4.1M | 300 | - |
| Olsen Thielen and Co., Ltd. | - | $1.7M | 30 | 11 |
| Grissinger Lloyd M CPA | 1997 | $4.5M | 750 | - |
| RubinBrown | 1952 | $94.0M | 330 | 167 |
| Cherry Bekaert | 1947 | $220.0M | 1,251 | 1,824 |
| Moore Stephens Lovelace | - | $4.2M | 50 | - |
RSM UK history FAQs
Zippia gives an in-depth look into the details of RSM UK, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RSM UK. The employee data is based on information from people who have self-reported their past or current employments at RSM UK. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RSM UK. The data presented on this page does not represent the view of RSM UK and its employees or that of Zippia.
RSM UK may also be known as or be related to RSM Tenon, RSM UK, RSM UK Group LLP and Rsm Tenon.