RSM pays back £4.4m furlough cash
RSM has paid back furlough money to the government.
Audit challenger firm RSM has repaid £4.4m to the government, having decided to do so in a board meeting earlier this month,
City A.M can reveal.
RSM’s board made the decision to repay the the money in full on 8 December. CEO Rob Donaldson said the firm did not see the decision as an opportunity to seek publicity, and so made no announcement of the move at the time.
“As the pandemic unfolded and the pressures on the economy and our business intensified, we drew upon a number of measures to preserve our business, protect jobs and continue to provide the best possible service to our clients. With a strong control over our cost base, and the resilience and talent of our people we have done an incredible job adapting to a new working environment,” he said.