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Sheetal Sanghvi, office managing partner in Nottingham at RSM UK, was named Outstanding Senior Leader of the Year at the prestigious Multicultural Business & Community Champion Awards (MBCC) 2023. 

Today’s quarterly M&A statistics by the ONS reveal that mergers and acquisitions (M&A) in the UK in Q3 (July to September) 2023, which involved inward, outward and domestic activity, was down on the previous quarter.

RSM UK has advised C&S Tyres (UK) Limited on its sale to the UK’s largest nationwide plant and earthmover tyre repair and replacement provider, Tyrefix – strategically aligning two leading brands to support UK expansion. 

Leading audit, tax and consulting firm RSM UK has appointed David Shambrook as a partner in the London office. David will join the firm’s restructuring team within consulting. 

Commenting on the latest CIPS UK Manufacturing Purchasing Managers’ Index which has seen a uptick to 47.2, Mike Thornton, national head of manufacturing at RSM UK, said: ‘The manufacturing PMI in November increased to 47.2, up from 44.8 in October, with the three-month upward trend showing stabilisation, which could be the light at the end of the tunnel the industry has been waiting for. Additional rises in the backlogs of work, employment, new export orders and output indices suggests that pipelines are being replenished as inflationary pressures start to ease.  

Rachel Milloy, senior analyst in manufacturing at RSM UK, comments: ‘UK car production in October 2023 rose by 31.6% (91,521 units), with the rise in production driven by a 58.5% uplift in exports, while electric vehicle (EV) production also rose by 52.1%. 

UK families plan to spend less this year as the mounting cost of living pressure hits the Golden Quarter for retailers. A survey of 1,000 consumers conducted on behalf of RSM UK showed that families plan to spend on average £602 – a 13% decrease when compared to £694 last year. 

Despite recent high-profile listings by UK businesses in the US, London remains the most popular place to list globally among UK media and tech businesses, beating the US and Europe, according to research by RSM UK.   

RSM UK’s Senior Analyst for Consumer Markets, Robyn Duffy said: ‘With inflation and energy bills coming down, and the latest cost of living payments landing, consumer confidence saw a 6-point uplift to -24. However, October’s sharp drop to -30 illustrates how fragile confidence is, with this vulnerability likely to shape the final quarter of the year and beyond.