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RSM UK has announced a 13% (£49m) increase in UK annual revenues to £425.4m for its financial year ending 31 March 2022.
With 354 partners across the firm, the annual revenue generated equated to £1.20m per partner (increasing from £1.04m in 2021). Profit before tax for the year, after partner remuneration, was up 15% to £11.5m.
During the full financial year, the firm recruited over 650 graduates and school leavers, compared with 410 the previous year, and promotion numbers reached an all-time high.
The firm’s audit and assurance service line delivered an 18% increase in revenues to £114.2m.
Tax advisory also grew by 10.9% to £113.1m, with growth in its advisory offering across corporate taxes and employment solutions.
Rob Donaldson, CEO for RSM UK, said: “Despite the turbulence of the past 24 months or more, our people have remained focused on supporting our clients and growing our business. So, it is pleasing that I and the board reflect on another year of record figures and outstanding progress – an achievement made all the more impressive by the tremendous challenges we have faced together.
“On behalf of the board, we would like to convey our sincere thanks to all those who contributed so fully to supporting our clients, and this fantastic business. My colleagues continue to flex, adapt and choose a better way forward. So, I’m confident that together, we will continue to evolve and succeed.”
