Tenon to grow by acquisitions
Firm looks to expand business north of the border
Firm looks to expand business north of the border
Mid-tier listed accountancy firm Tenon is planning on expanding its business
in Scotland after revealing that turnover grew by 18% north of the border to
£16m.
The firm, the sixth biggest in Scotland, said it planned to focus on growing,
enhancing and developing its advisory services to Scotland’s small and
medium-sized enterprises.
Regional managing director and head of recovery Tom MacLennan said the firm
would do this by looking at acquisitions and more staff.
MacLennan said Tenon was ‘particularly interested in talking to accountancy
firms that want to partner with a national practice, to smaller firms that can
offer a specialist service, or to established firms looking for development or
managed exit opportunities’.
Tenon in Scotland has 18 directors and 256 staff.
Nationally Tenon reported a 24% increase in turnover to nearly £124m.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article