RSM Robson Rhodes
Encyclopedia
RSM Robson Rhodes LLP was a partnership
of chartered accountant
s in the United Kingdom
and the Republic of Ireland
. It was the UK member firm of RSM International
, the 6th largest network of professional accountancy
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 30 April 2006, and average revenue per partner of £1.007 million. 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). It became a part of Grant Thornton
on July 1, 2007.
. 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 other mergers, including unsuccessful talks with the UK arm of Mazars
.
On April 29, 2007, the partners of Robson Rhodes announced that they were to merge with Grant Thornton
UK LLP, the UK firm of Grant Thornton International, then the sixth largest accountancy firm in the UK. The merged entity uses the Grant Thornton brand and Robson Rhodes no longer exists as a separate name. The deal was completed on July 1, 2007.
Following the merger with Grant Thornton, 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 and the Hemel Hempstead office.
division, providing services to the financial services industry. It is now known as Moffat Communications, and was sold on by Grant Thornton in 2009.
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
of chartered accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
s in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and the Republic of Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...
. It was the UK member firm of RSM International
RSM International
RSM International is a professional services network. It is the 6th largest accounting network of independently owned and managed accounting, auditing and tax firms with over 700 offices in 80 countries....
, the 6th largest network of professional accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
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 30 April 2006, and average revenue per partner of £1.007 million. 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). It became a part of Grant Thornton
Grant Thornton
Grant Thornton LLP encompasses the U.S. operations of Grant Thornton International, the largest accounting organizations outside of the Big Four . The member firms of Grant Thornton International comprise a global network of 27,000 employees and 2,207 partners in more than 110 countries...
on July 1, 2007.
Mergers
In 2006, RSM Robson Rhodes announced that it was to merge with the US firm of RSM International, RSM McGladreyRSM McGladrey
McGladrey is the 5th largest accounting firm in the United States by revenue and a member of the global accounting network RSM International.The firm has more than 8,000 employees across 85 offices nationwide providing assurance, tax, and consulting services...
. However, delays in completing the deal due to financial problems at H&R Block
H&R Block
H&R Block is a tax preparation company in the United States, claiming more than 22 million customers worldwide, with offices in Canada, Australia and the United Kingdom. The Kansas City-based company also offers banking, personal finance and business consulting services.Founded in 1955 by brothers...
, the company which owns RSM McGladrey, led RSM Robson Rhodes to terminate the deal. Prior to this Robson Rhodes had sought other mergers, including unsuccessful talks with the UK arm of Mazars
Mazars
Mazars is a global audit, accounting and consulting group employing more than 13,000 professionals in 61 countries through member firms. With head offices in France, Mazars is the 14th largest accounting firm in the world...
.
On April 29, 2007, the partners of Robson Rhodes announced that they were to merge with Grant Thornton
Grant Thornton
Grant Thornton LLP encompasses the U.S. operations of Grant Thornton International, the largest accounting organizations outside of the Big Four . The member firms of Grant Thornton International comprise a global network of 27,000 employees and 2,207 partners in more than 110 countries...
UK LLP, the UK firm of Grant Thornton International, then the sixth largest accountancy firm in the UK. The merged entity uses the Grant Thornton brand and Robson Rhodes no longer exists as a separate name. The deal was completed on July 1, 2007.
Locations
RSM Robson Rhodes had 10 offices in the UK and Ireland:- BelfastBelfastBelfast is the capital of and largest city in Northern Ireland. By population, it is the 14th biggest city in the United Kingdom and second biggest on the island of Ireland . It is the seat of the devolved government and legislative Northern Ireland Assembly...
- BirminghamBirminghamBirmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...
- BristolBristolBristol is a city, unitary authority area and ceremonial county in South West England, with an estimated population of 433,100 for the unitary authority in 2009, and a surrounding Larger Urban Zone with an estimated 1,070,000 residents in 2007...
- CambridgeCambridgeThe city of Cambridge is a university town and the administrative centre of the county of Cambridgeshire, England. It lies in East Anglia about north of London. Cambridge is at the heart of the high-technology centre known as Silicon Fen – a play on Silicon Valley and the fens surrounding the...
- Dublin
- EdinburghEdinburghEdinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
- Hemel HempsteadHemel HempsteadHemel Hempstead is a town in Hertfordshire in the East of England, to the north west of London and part of the Greater London Urban Area. The population at the 2001 Census was 81,143 ....
- LeedsLeedsLeeds is a city and metropolitan borough in West Yorkshire, England. In 2001 Leeds' main urban subdivision had a population of 443,247, while the entire city has a population of 798,800 , making it the 30th-most populous city in the European Union.Leeds is the cultural, financial and commercial...
- LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
(Head Office) - ManchesterManchesterManchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
Following the merger with Grant Thornton, 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 and the Hemel Hempstead office.
RSM Moffat
RSM Moffat Limited was the firm's information technologyInformation technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
division, providing services to the financial services industry. It is now known as Moffat Communications, and was sold on by Grant Thornton in 2009.
External links
- Grant Thornton UK LLP
- RSM Robson Rhodes LLP
- RSM Moffat limited
- Article on RSM Robson Rhodes Business Consulting, Consulting Times
- The Silent Scream of the Unloved Customer, BBC News feature
- The Silent Scream of the Unloved Customer, 2004 report by RR