PracticeAccounting FirmsTenon to grow by acquisitions

Tenon to grow by acquisitions

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.

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