PracticeAccounting FirmsTenon’s Raynor upbeat despite downturn threat

Tenon's Raynor upbeat despite downturn threat

Tenon boss remains bullish on mid-tier firm's prospects as signs of an economic slowdown loom large

Tenon boss Andy Raynor has put his faith in the opportunism of British
business owners to ride out a predicted economic downturn.

‘Entrepreneurs scrap. They are tough. They will probably view a downturn as
much as an opportunity to increase performance,’ he told
The
Sunday Telegraph
.

The firm, which has less than £20m of debt, focuses on the entrepeneurial
market to generate the bulk of its revenues. Raynor is curently spearheading
Tenon’s ambitious push to become a £250m turnover business by 2012.

Tenon had sales of £137.5m and profits before tax of £12.4m in the year to
June 2007. Brokers at Numis forecast an increase in pre-tax profits to £14.2m
this year.

Further reading:

Tenon snaps
up Haines Watts Business Recovery

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