Business adviser RSM Tenon has unveiled its plans for development. The company plans to expand its turnaround and corporate recovery division.
The decision comes following a 20 per cent increase in turnover from the division.
RSM Tenon, which was formed at the end of last year after Tenon Group bought RSM Bentley for £76.3 million, has revealed that turnover for the division has risen to £23.3 million in the six months to December 2009.
Although turnover has increased in terms of the area of corporate recovery, revenue from continuing activities was slightly lower than the same period last year at £73.5 million.
Chief executive Andy Raynor told the Yorkshire Post: "Integration plans are well advanced and provide a clear opportunity for further margin and revenue enhancement over the next twelve months."
The expansion will be mainly focussed at the firm's turnaround and corporate recovery offerings at its recently acquired offices in Birmingham, Bristol and Leeds.
RSM Tenon is a member of the sixth largest global accounting network, RSM International, which has more than 730 offices in over 70 countries.
