PracticeAccounting FirmsTenon results show sustained growth

Tenon results show sustained growth

Tenon results reveal that the dividends per share, the recovery turnover and underlying operating profits are all up

Tenon chief executive Andy Raynor

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
policy.

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%.

Further reading:

Tenon ‘well-placed’, says bullish Raynor

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