RSM — full event log

RSM UK Group LLP is exempt from preparing a standalone energy and carbon report as it is included in the group report of RSM UK Holdings Limited, which contains Greenhouse Gas Emissions, Energy Consumption and Energy Efficiency disclosures required by Part 7A of Schedule 7 to SI 2008/410.

sustainability_report p.5

During FY25, RSM UK and RSM US announced a proposed merger that would establish a stronger platform to support clients on both sides of the Atlantic, enhancing their position as global middle market advisers of choice. This follows the earlier acquisition of RSM Ireland. The merger could materially affect the reporting scope and boundary of future submissions.

sustainability_report p.11

RSM UK Tax and Accounting Limited is exempt from mandatory Streamlined Energy and Carbon Reporting (SECR) disclosures at subsidiary level. GHG emissions, energy consumption and energy efficiency data are included in the group report of RSM UK Holdings Limited prepared to 31 March 2025 under Part 7A of Schedule 7 to SI 2008/410. FY20 is the group's GHG reference period. FY25 group emissions fell 7.5% year-on-year.

sustainability_report p.14

RSM UK group has developed detailed emission reduction targets and achieved a 7.5% reduction in tCO2e versus the prior year in FY25 (up from 3.2% in FY24), using FY20 as the reference period. The specific levers driving these reductions are not itemised in this subsidiary's accounts; full SECR data is reported within RSM UK Holdings Limited group accounts.

sustainability_report p.14

RSM UK intends to offset any residual emissions with accredited carbon offset arrangements as it progresses toward net zero by 2030. The offset strategy is explicitly positioned as a residual measure after primary emission reductions, rather than as a substitute for decarbonisation. No specific offset standards, volumes or vintage policies are detailed in this subsidiary report; full disclosure is expected in the RSM UK Holdings Limited group accounts.

sustainability_report p.14

RSM UK has reduced paper usage by approximately 80% compared to pre-pandemic levels, driven by the firm's digital-first strategy and adoption of digital solutions for client service delivery and internal processes. This supports both resource efficiency and the broader environmental impact reduction agenda.

sustainability_report p.14

RSM UK directly procures 100% of its electricity and gas from green (renewable) sources. This is presented as part of the group's broader environmental preservation approach alongside waste reduction and sustainability initiatives. The renewable procurement supports the group's net zero 2030 pathway and is tracked against the FY20 reference period.

sustainability_report p.14

RSM UK launched the Women in Digital network in FY25 to support and empower women who work in or aspire to work in digital roles. Network champions drive conversation, representation and training, advancing the firm's inclusion agenda and ambition to be a digitally-enabled business.

sustainability_report p.13

RSM UK formed a new AI Security and Ethics Committee during FY25 to govern responsible development and use of AI across the firm. The committee provides oversight as AI transforms the firm's ways of working, including in client service delivery and internal processes.

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Management Board reports improvement in profitability with average profit per member of £821k (2024: £708k), reflecting revenue growth from £120.9m to £141.2m.

sustainability_report p.3

RSM UK Group LLP is exempt from preparing an energy and carbon report as this is included in the group report of RSM UK Holdings Limited, which contains GHG Emissions, Energy Consumption and Energy Efficiency disclosures required by Part 7A of Schedule 7 to SI 2008/410. Climate and energy data must be sought from RSM UK Holdings Limited group accounts.

sustainability_report p.5

At 31 March 2025 the defined benefit pension scheme surplus was £1.9m (2024: £2.2m deficit). The movement from liability to surplus reflects an increase in the discount rate (5.9% vs 4.9%) along with £1.3m of contributions paid, resulting in a £2.9m actuarial gain in other comprehensive income.

sustainability_report p.3

C Riches was appointed to the RSM UK Group LLP Management Board (National Leadership Team) on 1 April 2024, increasing board membership to 9 for FY2025.

sustainability_report p.3

RSM UK group has set a goal to reach net zero carbon emissions by 2030, using FY20 as the reference baseline. The strategy involves reducing emissions and offsetting any residual emissions with accredited carbon offset arrangements. FY25 achieved a 7.5% reduction in emissions (tCO2e) on the prior year, compared to 3.2% in FY24.

sustainability_report p.14

RSM UK Group LLP is exempt from preparing a standalone energy and carbon report as it is included in the group report of RSM UK Holdings Limited, which covers GHG emissions, energy consumption and energy efficiency disclosures under SI 2008/410.

sustainability_report p.5

For FY24 RSM UK voluntarily reported its ethnicity pay gap alongside the statutory gender pay gap requirement. Both reports are available on the group's website. The group is determined to increase the representation and progression of people from all minority backgrounds and continues to identify and remove barriers.

sustainability_report p.19

During FY24 the board launched a review of whistleblowing policies and procedures and broader culture of openness, led by Vijay Thakrar (NED) and John Taylor (Senior Partner). Updated Speak Up policy was launched in May 2025. Aim was to refresh policies and ensure open culture extends to whistleblowing matters.

sustainability_report p.19

RSM UK Group LLP is exempt from preparing a standalone energy and carbon report under Part 7A of Schedule 7, SI 2008/410. Greenhouse Gas Emissions, Energy Consumption and Energy Efficiency disclosures are made at the RSM UK Holdings Limited group level. No climate metrics are therefore available in this entity-level filing.

sustainability_report p.5

The defined benefit pension scheme deficit increased from £1.7m at 31 March 2023 to £2.2m at 31 March 2024, driven by changing market conditions (increase in discount rate), offset by £1.3m contributions paid.

sustainability_report p.3

The LLP's bank loans (£7.375m at March 2023) were fully repaid during December 2023, leaving nil bank debt at 31 March 2024. Unutilised facilities of £60m remain available.

sustainability_report p.22

Completion of the acquisition of ordinary shares in RSM UK NLT Limited (Project Tempest, Tempest 1 and Tempest 2). The group is now effectively partner-owned through partners' beneficial interest in the RSM UK Partner Benefit Trust (PBT). This was a significant internal ownership restructuring rather than an external acquisition.

sustainability_report p.5

In FY24, the company disposed of a non-core business that did not present a separate major line of business. Consideration was £4.8m; net assets disposed were £nil, giving a profit on disposal of £4.8m. No disposals occurred in FY25. This inflated FY24 profit before tax versus the underlying trading performance.

sustainability_report p.31

Following Project Tempest completion, the board led a full governance review completed June 2023. Key changes: partner election of CEO on one-partner-one-vote basis; two four-year term limit for CEO; introduction of a third NED; two partner-elected board positions; updated terms of reference for board/NLT/CEO/Chair; introduction of Reserved Matters ensuring partners exercise ultimate control. New board structure to be fully in place by 31 March 2025.

sustainability_report p.12

The LLP amended and restated its Members' agreement with effect from 29 March 2023. As a result, loans and other debts due to individual members (representing divided profits not yet paid) became contractually payable in four equal instalments commencing six months after period end. These are now included in both current and non-current member liabilities, affecting debt maturity classification on the balance sheet.

sustainability_report p.28

On 3 April 2023, RSM UK Holdings Limited (formerly Arrandco Group Limited) became the ultimate controlling party of RSM UK Group LLP, replacing RSM UK NLT Limited as ultimate controller.

sustainability_report p.29

On 3 April 2023, RSM UK Holdings Limited (formerly Arrandco Group Limited) became the ultimate controlling party, replacing RSM UK NLT Limited (formerly RSM UK Holdings Limited) which had previously held that role. This restructure may affect year-over-year group-level consolidation boundaries.

sustainability_report p.29

The RSM UK Group Board approved the Group's Carbon Reduction Plan during FY23. Board considerations included the climate emergency, moral obligations, people demands for environmental action, and supply chain pressures to adopt a proactive environmental stance. The detailed plan is referenced in the Group's Streamlined Energy and Carbon Report (pages 34-39 of the annual financial report).

sustainability_report p.5

The Board approved zero-tolerance policies against slavery, human trafficking, bribery and corruption in adherence with the Modern Slavery Act, Bribery Act 2010 and Equality Act 2010. Policies are publicly available at rsmuk.com.

sustainability_report p.15

Project Tempest 2 was successfully completed, with RSM UK PBT Trustee Limited (PBT) obtaining 100% ownership of RSM UK Holdings Limited. This triggered a governance review and restructuring to align with the new ownership model, effective early FY24. Full details to be disclosed in the 2024 Annual Report.

sustainability_report p.5

During FY23, aligned with Project Tempest 2 and overall governance reforms, RSM UK established a Partner Remuneration Committee as a new sub-committee of the Board. This body oversees partner remuneration strategy led by the NLT and is directly responsible for determining CEO and Executive Chair remuneration.

sustainability_report p.15

In January 2023, the Audit Oversight Board replaced the Public Interest Committee (PIC) with no amendment to its previous responsibilities or reporting structure. It provides oversight of public interest matters relating to the Group's audit practice.

sustainability_report p.14

RSM UK consulted on and approved revising its Group reporting structure from the previous structure to three service lines: Audit, Tax, and Consulting, effective 1 April 2023 (start of FY24). This will affect how financial and performance data is segmented and reported in future periods.

sustainability_report p.6

From FY23, RSM UK began voluntarily reporting its ethnicity pay gap alongside the statutory gender pay gap. The Group stated its determination to increase the representation and progression of people from all minority backgrounds and to identify and remove barriers. Both reports are published on the Group's website.

sustainability_report p.15

This document is RSM's i-GCRS (Integrated Global Compliance and Reporting Services) marketing brochure dated February 2023. It describes service offerings and technology platforms. It contains no audited financial statements, sustainability data, GHG emissions, energy, water, waste, social or governance metrics. The only numeric data point is the network-wide headcount of 51,000 people across 120 countries and 860 offices.

sustainability_report p.1

During the year the LLP amended and restated the members' agreement with effect from 29 March 2023. As a result, loans and other debts due to individual members representing divided profits not yet paid became contractually payable in four equal instalments commencing six months after the end of the accounting period. These balances (£34,719k) are therefore now included in both 'Loans and other debts due to members within one year' and 'Loans and other debts due to members after more than one year', affecting the classification of members' interests on the balance sheet.

sustainability_report p.28

RSM UK Group LLP is exempt from preparing its own energy and carbon report as it is included in the group report of RSM UK Holdings Limited, which contains Greenhouse Gas Emissions, Energy Consumption and Energy Efficiency disclosures required by Part 7A of Schedule 7 to Statutory Instrument 2008/410. No GHG or energy metrics are disclosed in this standalone entity report.

sustainability_report p.5

RSM UK Group LLP is exempt from preparing its own energy and carbon report as the disclosures are included in the group report of RSM UK Holdings Limited, which contains GHG Emissions, Energy Consumption and Energy Efficiency disclosures required by Part 7A Schedule 7 SI 2008/410.

sustainability_report p.5

On 3 April 2023, Arrandco Group Limited became the ultimate and immediate parent company of RSM UK Holdings Limited, replacing RSM UK Holdings Limited as the ultimate controlling party.

sustainability_report p.27

During the year the LLP amended and restated the members' agreement with effect from 29 March 2023, making loans and other debts due to individual members contractually payable in four equal instalments commencing six months after end of accounting period, reclassifying amounts between current and non-current debt.

sustainability_report p.27

RSM UK Group LLP has no directly employed staff other than for pension scheme purposes. All staff services are provided via a management charge from related entities RSM UK Management Limited and RSM UK Tax and Accounting Limited. The 140 'members' figure represents LLP partners, not an employee headcount.

sustainability_report p.20

Bank loans fell from £21.1m at 31 March 2021 to £9.9m at 31 March 2022, a reduction of ~£11.2m, through quarterly and annual instalments. Remaining loans are repayable between April 2022 and April 2023 at 1.75%-2.10% over SONIA.

sustainability_report p.23

D Gwilliam resigned as designated member on 6 August 2021 and A J Westbrook was appointed on 26 August 2021.

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Turnover increased from £85.3m (FY2021) to £101.0m (FY2022), representing 18.4% growth. Average profit per member increased from £492k to £607k.

sustainability_report p.11

Bank loans totalling £9.9m (2021: £21.1m) are repayable by a mixture of quarterly and annual instalments between April 2022 and April 2023, representing a significant reduction in leverage over the year.

sustainability_report p.24

Pension scheme deficit improved from £26,957k (31 March 2021) to £12,870k (31 March 2022), primarily due to changes in actuarial assumptions including an increase in the discount rate and higher forecast RPI inflation.

sustainability_report p.3

Under the LLP SORP, all members' profit shares (£82,818k individual + £2,100k corporate member in FY2022) are charged as remuneration expense below operating profit. The £9,749k operating expenses line therefore reflects only non-member overhead costs; total expenses including member remuneration were ~£94.7m in FY2022.

sustainability_report p.10

Several Management Board members resigned on 22 April 2020 and multiple new members were appointed on the same date. V K Kirkhope was appointed 1 April 2021. This represents a significant change in the board composition.

sustainability_report p.3

The pension scheme deficit widened from £1.6m at 31 March 2020 to £27.0m at 31 March 2021, driven primarily by changes in financial assumptions (£33.3m actuarial loss). This resulted in a total actuarial loss of £29.2m recognised in other comprehensive income.

sustainability_report p.26

Saffery Champness LLP, Chartered Accountants, were appointed as auditor on 27 January 2021, replacing the previous auditor. This is a change of auditor for the financial statements. No change in assurance level noted.

sustainability_report p.5

Five members resigned from the Management Board on 22 April 2020 (J A Filley, P M H Foss, S M R Harding-Rolls, J M Jones, M Taylor) and six new members were appointed (C J Knowles, K E Sandwell, A K Sapsford, J R Taylor, A J Westbrook, J M Ericson). V K Kirkhope was also appointed 1 April 2021. Significant leadership change affecting the LLP's governance structure.

sustainability_report p.3

Saffery Champness LLP, Chartered Accountants, were appointed as auditor on 27 January 2021, replacing the previous auditor.

sustainability_report p.5

Bank loans reduced from £30.1m to £25.6m during FY2020, repayable by mixture of quarterly and annual instalments between April 2020 and January 2023.

sustainability_report p.22

An error in the application of the Group's accounting policy was identified affecting 2019 and earlier year-ends, arising from incorrect calculation of the professional liability claims provision. Corrected prospectively: impact is a decrease of £0.448m in 2020 profit, a decrease of £0.736m in the professional indemnity provision, and a decrease of £1.184m in other debtors.

sustainability_report p.15

In March 2020, members agreed a schedule of pension contributions with the Trustees of the defined benefit pension scheme as part of the triennial review to mitigate the scheme deficit. Contributions set at £3.0m p.a. until March 2026 with a further £0.9m in arrears contingency.

sustainability_report p.3

An error in the calculation of the professional liability claims provision was identified affecting 2019 and earlier year-ends. Members deemed the adjustment immaterial and corrected prospectively, resulting in a decrease of £0.448m in profit for the current year, a decrease of £0.736m in the professional indemnity provision, and a decrease of £1.184m in other debtors.

sustainability_report p.15

The outlook for the current year has been impacted by Covid-19. The Management Board is continually monitoring the impact on the partnership. Significant uncertainty created by both Brexit and Covid-19 affecting the business environment.

sustainability_report p.4