RSM Tenon, the national IFA and accountancy business, saw a 57% increase in profits in the 12 months to July following the full integration of the advisory units of tax firm Vantis.
Statutory operating profit across the group increased to £13.9m from £8.8m the previous year. Underlying operating profits rose 14% to £30.1m. The results reflect the first full year of trading following the acquisitions by Tenon of national accountants RSM Bentley Jennison and the financial advice assets of Vantis. Operating profits in the group's financial management proposition, which provides independent advice to individuals and corporations, grew from £3.9m last year to £7.3m in the year to 30 June 2011. Group CEO Andy Raynor said: "The general economic climate is creating a ...
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