Arbitration result could see RSM Tenon post £2.8m profit

As reported by IFAonline's sister title Accountancy Age in February, a dispute between the firm and its insurers was heard through an arbitration process. The arbitrator has awarded RSM Tenon £5.5m in cash which will result in the firm posting an exceptional profit of £2.8m in its 2013 accounts. RSM also anticipates it will be reimbursed for costs associated with the arbitration in due course although no indication of that figure has been given - the statement covering the period 1 January to 3 May shows. The firm announced in its first half results it was engaged in an argument with ...