Tenon today released its 2009 annual results, which show its recovery
turnover has jumped 41% and dividends per share up 7%.
Directors have recommended an increase of 1.5p per share dividend payout – an
increase of 7%, which they feel is a commitment to a progressive dividend
Andy Raynor, chief executive of the top ten firm, said: “We have clients,
services, funding, management capacity and track record to create growth and
drive progress, notwithstanding market conditions.”
He also said that this was the ninth consecutive year of growth for the
Aim-listed accountancy firm.
Other highlights included a rise in operating profit from £13.9m in 2008 to
£14.6m this year and the underlying operating margin increase from 11% to 12.6%.
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Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group