PracticePeople In PracticeTenon growth spurt set to continue.

Tenon growth spurt set to continue.

Tenon chief executive Ian Buckley this week revealed the group has more acquisition deals in the pipeline, which he expects to complete ‘in a matter of weeks’.

Buckley told Accountancy Age that the group, which has been busy buying up mid-tier firms, would announce further acquisitions before the end of the year, despite carrying out a ‘massive amount of activity in the last six months.

‘We will reach our revenue target of #100m by the end of next year,’ he predicted, as the group reported a profit before taxation and amortisation of #1.2m on the back of revenues of #19.3m for the six months to 30 June 2001.

Tenon’s turnover, since it listed in March 2000, now stands at #58m.

During the first six months of this year, it acquired Scott Oswald, Jennings Johnson, the Godfrey Allan Group, the corporate recovery business of Horwath Clark Whitehill and the non-audit businesses of the Lathams Group. Buckley said the firm planned to acquire firms where it was not already present.

Tenon closes in on top 10 status www.accountancyage.com/Practice/1120581 .

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