RSM Tenon has been cleared in a case of unfair dismissal brought by a former senior manager who accused the firm of false accounting, according to The Times.
Duncan Swift, who was director at the Southampton office, said Tenon dismissed him for blowing the whistle on poor practices in its recovery division. Swift allegedly recognised revenues on insolvency contracts which he claimed resulted in Tenon overstating its profits and misleading shareholders.
The Times reports Southampton Employment Tribunal found that Swift did not make protected disclosures under whistleblower laws and was dismissed fairly from the role. He was paid a salary of £230,000 until he was removed in April 2011.
A decision circulated by Tribunal chair Judge Twiss said: “It is clear beyond doubt that any alleged disclosures had nothing whatever to do with his dismissal.”
The reasons of cost-cutting and non-materialisation of an expected economic upturn were found to be legitimate by the tribunal.
Swift told The Times: “I am very surprised at the judgment. I felt very strongly that this was something that should be brought out into the open.”
Tenon chief executive Chris Merry said: “I am pleased we have won on all the issues raised.”
Tenon announced in February it was to cut 10 per cent of jobs as part of a restructure programme to boost profitability.