BusinessCompany NewsTenon shares hit new low

Tenon shares hit new low

Shares in the UK's largest accountancy company Tenon, have today plummeted to an all-time low of 57.5p, following announcement of the group's full-year results to 31 December.

The price of its stock has fallen steadily since the beginning of the year, but has fallen sharply on the news. At the beginning of September, its shares had been valued at 137.5p. Since then, the company’s shares have remained below 80p.

Chief executive Ian Buckley today revealed his disappointment at the group not achieving better full-year results, as after announcing a pre-tax profit before goodwill amortisation of £678,000 from a £55m turnover.

However, the group remains confident it will meet this year’s forecasts of £14.5m profit and growth in turnover to £100m. Buckley added this year has started brightly for the group.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor