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RSM Robson Rhodes

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RSM Robson Rhodes LLP was a partnership of chartered accountants in the United Kingdom and the Republic of Ireland. It was the UK member firm of RSM International, the 6th largest network of professional service firms in the world. With offices throughout the UK and Ireland, the firm offered auditing, consultancy and tax services to a wide variety of organisations in the private and public sectors.

Robson Rhodes was the 12th largest accountancy firm in the UK, with revenues of £85.5 million for the year ending 30th April 2006, and average revenue per partner of £1.007 million [1] However despite the size of its turnover the firm was loss-making (£3.8m loss in 2006), and heavily in debt (£45m including partner debts).[1] It became a part of Grant Thornton on July 1, 2007.

Mergers

In 2006, RSM Robson Rhodes announced that it was to merge with the US firm of RSM International, RSM McGladrey. However, delays in completing the deal due to financial problems at H&R Block, the company which owns RSM McGladrey, led RSM Robson Rhodes to terminate the deal. Prior to this Robson Rhodes had sought a merger previously, including having talks with the UK arm of Mazars which were also unsuccessful.

On April 29, 2007, the partners of Robson Rhodes announced they were to merge with Grant Thornton UK LLP, the UK firm of Grant Thornton International and 6th largest accountancy firm in the UK. The merged entity will use the Grant Thornton brand and Robson Rhodes will no longer exist as a separate name. The deal was completed on July 1, 2007.[2]

Locations

RSM Robson Rhodes had 10 offices in the UK and Ireland:

Following the merger with Grant Thronton, the Dublin office transferred to Grant Thornton Ireland.

Many of the offices have now been closed and merged with Grant Thornton offices. The exception has been the London head office in Finsbury Square, which is regarded as superior to Grant Thornton's London Euston office.

RSM Moffat

RSM Moffat Limited was the firm's information technology division, providing services to the financial services industry. It is now known as Moffat Limited, as a part of Grant Thornton.

References

  1. ^ Accountancy Age report detailing the financial position of Robson Rhodes
  2. ^ "Auditors join forces to take on Big Four", Daily Telegraph, 28 April, 2007

http://news.top-consultant.com/UK/news_story.asp?ID=1782

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