Derby’s RSM Tenon reduces losses
FINANCIAL services firm RSM Tenon, which has an office in Derby, has significantly reduced losses for the half year.
The firm, on Pride Park, posted pre-tax losses of £7.4 million for the six months to December 31, which was well down on the £83 million it lost in the same period 12 months ago.
In a statement issued to the London Stock Exchange this morning, the firm said that it planned to reduce its property costs but this was a medium to long term project.
Chairman Tim Ingram said: “The significant progress in turning RSM Tenon around is evidenced by these results.
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“The business is now smaller, better organised and properly managed.”