RSM Tenon reports 65% turnover surge

Accountancy firm RSM Tenon yesterday reported a 65 per cent rise in turnover to £121.2 million in the six months to the end of December.

Underlying operating profit was up by 53 per cent to 13.5m, although operating margin at 11.2 per cent was slightly down on a year earlier, following a change in mix of services post-acquisition.

Margaret Laidlaw, the regional managing director for RSM Tenon in Scotland, said: "Although the economy remains challenging, we are well-placed for the future."