The group, which blamed the warning on it paying the ‘price of expansion’, will post its results on the AIM stock exchange in the morning.
It has stated its profits will be a fraction of what the market had been expecting. Profits to 31 December 2001 will be between £500,000 and £1m against an expected £6m.
Tenon has combined 16 accountancy practices over 13 months in an attempt to build a nationwide alternative to mid-tier firms including Baker Tilly and BDO Stoy Hayward.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting