RSM Tenon sees 53% profits jump

Adjusted operating profit reached £13.5m in the six months to 31 December 2010, compared with £8.8m in the same period the previous year. Turnover increased at a faster rate - up 65% to £121.1m - with the group citing external factors and continued investment in its Corporate Recovery unit. The company's financial management service line saw turnover almost treble to £14.8m, thanks in part to strong organic growth. Tenon completed its acquisition of RSM Bentley Jennison in 2009 and says it has now fully integrated both that company and certain business assets of Vantis into the gro...