RSM launches new office in Cambridge, 35th in the UK

RSM has opened a new Cambridge office in order to strengthen their presence in the East Anglian market share. Cambridge boasts both a rapid growth rate and heightened levels of innovation which professional services firms are keen to tap into amid an uncertain economic future in the UK.

In 2017, RSM saw revenues increase by 9% to £319 million. The world’s sixth largest audit and advisory firm further supplemented its organic growth with the acquisition of Explore Consulting, boosting its NetSuite capabilities in the process. Kicking on from this, earlier in 2018, RSM saw its global revenues pass the £3.7 billion mark, while seeing all its service lines grow.

In order to maintain its year of solid growth into 2019, while boosting its ability to meet demand in another UK region, RSM has launched a new office in Cambridge. The mid-market professional services now has 35 offices across the UK – 31 in England, 3 in Scotland and 1 in Northern Ireland.

The new space is located in City House, on Hills Road, in the heart of Cambridge’s business community, as well as becoming a hub for the firm’s other service lines to expand their presence both in Cambridge and the surrounding areas. Laragh Jeanroy will be taking on the role of Managing Partner in Cambridge, drawing on over 20 years of experience.

Laragh Jeanroy said, “Geographically, the Cambridgeshire market forms an important part of our wider regional strategic growth plan. Having that physical presence in Cambridge will act as an enabler to grow, and to provide an on-site capability to clients based in and around Cambridge.”

Cambridge is also the leading innovation hub of the UK, making it attractive fare for consulting firms looking to tap into the lucrative market for tech start-ups. During 2017, recent research revealed that in Cambridge, 316 patents were published per 100,000 residents, three times as many as its nearest equivalent of Coventry. Cambridge has a proud history of entrepreneurship, and the impressive haul of patents from 2017 builds on the city’s long history of invention, with Cambridge famed for being the birthplace of a cornucopia of innovations from the reflecting telescope to IVF, hovercrafts, iris recognition, as well as the cat-flap.

Mark Taylor, RSM’s Central UK regional Managing Partner, said, “Cambridge has one of the fastest growth rates of any British city, and it is hugely important globally as a centre of technology and research excellence… The growth of our team in East Anglia is a key element of our wider business strategy… From our new office in Cambridge, we hope to deepen our relationships with the local business community – particularly fast-growing middle market businesses – drawing on advisory expertise from across our regional, national, and international network.”