Welcome to the RSM newsroom

According to today’s House Price Index by the Office of National Statistics, UK average house prices have fallen for three months in a row and as of February 2023, are now sitting at £288,000 – £5,000 below their peak in November 2022 . 

The number of registered company insolvencies in March 2023 was 2,457 according to figures released today. This figure is 16% higher than the same month in the previous year (2,120 in March 2022).

Recent research suggests almost half of middle market businesses in the UK will seek private equity finance in the next 12 months. According to the latest ‘The Real Economy Report’ from RSM UK, 47% of businesses expect to use private equity finance in 2023, rising from just over a third (36%) in October 2022, meaning it remains the most popular finance avenue to raise capital and ensure growth. 

In February 2023, the volume of monthly construction output increased 2.4%, following a 1.7% fall in January 2023, with the rise coming from increases in repair and maintenance (4.5%) and new work (1.1%).  

Today leading audit, tax and consulting firm RSM UK has announced 13 new partners across its UK network of offices. The promotions reinforce the firm’s commitment to invest in its people to drive growth from within its own ranks.

Mike Thornton, national head of manufacturing at RSM UK comments on the latest CIPS UK Manufacturing Purchasing Managers’ Index which has decreased slightly from 49.3 in January to 47.9 in March.

Andrew Aston, pensions audit director at RSM UK, gives his view on the Pensions Regulator’s response to the Taskforce on Climate-Related Financial Disclosures (TCFD) published last week.

A new corporate criminal offence of ‘failure to prevent fraud’ is likely to hit businesses soon. Leading audit, tax and consulting firm RSM UK advises businesses to act now to ensure they have robust anti-fraud measures in place.

Sheetal Sanghvi, corporate tax partner at leading audit, tax and consulting firm RSM UK, has been appointed as the new office managing partner in Nottingham, effective from 1 April 2023. She will succeed Richard King, who has been office managing partner at RSM Nottingham for ten years.