Due on Wednesday, the results will follow a plunging share price, the resignation of chief executive and chairman, and a dire profits warning.
The saga also saw the entry of Bob Morton, a former partner at Morton Thornton, whose family investment trust, Southwind, became the largest shareholder in Tenon.
Morton denied he was interested in becoming chairman at Tenon, even though he holds the post at several other AIM-listed companies where Southwind has large shareholdings.
Morton said the new management team was ‘well capable’ of doing what was necessary to get the company back on course. ‘They will get my total support,’ he added. Tenon’s share price currently stands at a round 9.25p, down from its peak at the end of 2000 of 183.5p.
The price of shares in other consolidators has remained relatively stable by comparison. Numerica’s peaked at around 122.5p at the beginning of last year, but has been trading at about 87.5p for some time. Vantis reached 95.5p just after launch, but was stable at around 84.5p this week.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
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'