RSM UK Financial Report 2024/25
At RSM, we continue to secure our position as the advisor of choice to middle market, providing the solutions that help our clients make decisions about their future with confidence.
Another exceptional year. With revenue reaching nearly £600m – a near 10% increase – we continued to achieve strong growth in what remains a tough market. Despite a stagnating economy and elevated inflation, our people delivered consistent year-on-year growth for the fifth consecutive year.
We're building something bigger. Having agreed to create a new transatlantic partnership with RSM in the US, Canada and with our colleagues in Ireland, we've already seen new opportunities and tangible client wins that our firms could not have achieved independently.
While many peers markedly reduced staff numbers, we maintained our headcount and continued to invest heavily in our people as part of our Grow Our Own philosophy. Around 20% received promotions with significant changes in remuneration, discretionary bonuses rose 28%, we supported 2,160 people to study for professional qualifications and nearly 40 people were promoted to partner or director.
Our Audit business delivered another impressive year with a near 14% increase to £188m. Tax grew over 13% to £183m. Consulting reported healthy performance in a difficult market, up 3% to £223m. We donated over £1m and achieved a 7.5% reduction in emissions.
Rob Donaldson
Chief Executive Officer
For five years we've been laying the groundwork for long-term success by evolving our ownership and organisational structure, and by putting more money back into the business than ever before. We've invested heavily in our people, our digital strategy and in our global ambitions through our investment in RSM Ireland and, more recently, our transatlantic partnership which opens a new chapter. We believe this is only the beginning.
Subsidiary Financial Statements
In accordance with UK reporting requirements for large companies, the financial statements of our four large subsidiaries are available to read below.
Our previous financial reports
Read our previous years' financial reports.
