Will Tenon’s MBO (Mc)Fly?

A proposed MBO, an under-performing share price and chunky debt have all combined to keep possibly soon-to-be delisted accounting firm Tenon in the headlines.

The speculation and rumour has had TS gasping for more ­ a bit like the latest Arctic Monkeys video. In the midst of the developments at Chiltern Street, TS happened to stumble across the fact that Tenon worked with a number of music acts, helping them to secure finance for recordings.

It turns out that one of Tenon’s clients used to be now defunct boy band Busted ­ a bit like the accounting firm’s performance on the stock (Aitken & Waterman) market, isn’t it?

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