PracticeAuditTenon to step up to main market in May

Tenon to step up to main market in May

Tenon to leave AIM and join the big league on the main market

Andy Raynor, Tenon

Top ten accountancy business Tenon will become the first practice to list on
the UK’s main share market at the end of May.

A regulatory statement issued by the company this morning announces that
trading of Tenon’s share on the Alternative Investment Market (AIM) will cease
on 27 May and that trading on the main market of the London Stock Exchange is
expected to take place simultaneously.

Tenon expects to publish a prospectus for the main listing shortly before
before it goes ahead.

An announcement in December 2009 revealed that Tenon was heading towards a
main listing this year.

Despite good financial results there has been some disappointment at the
performance of Tenon’s shares on AIM.

Interim results recently published showed profits up to £8.8m for the six
months to December last year.

December also saw Tenon wrap up the acquisition of Bentley Jennison which
took the business into the RSM international network.

Tenon has not been without controversy. It was recently fined £700,000 by the
Financial Services Authority in relation to advice given for the sale of
structured financial products.

Related Articles

Friday Afternoon Live: Wilkins Kennedy; RSM Tenon and KPMG

Accounting Firms Friday Afternoon Live: Wilkins Kennedy; RSM Tenon and KPMG

12m Kevin Reed, Writer
Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

Accounting Standards Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

12m Kevin Reed, Writer
Baker Tilly blames “low-balling” for decline in profits

Accounting Firms Baker Tilly blames “low-balling” for decline in profits

4y Rachael Singh, Writer
Listed outsourcer swaps RSM Tenon for KPMG as auditor

Audit Listed outsourcer swaps RSM Tenon for KPMG as auditor

4y Rachael Singh, Writer
BDO replaces PwC as RSM Tenon auditor

Accounting Firms BDO replaces PwC as RSM Tenon auditor

5y Kevin Reed, Writer
RSM Tenon ditches PwC as auditor

Accounting Firms RSM Tenon ditches PwC as auditor

5y Richard Crump, Writer
Audit needs to adapt or risk becoming “irrelevant”, say experts

Accounting Firms Audit needs to adapt or risk becoming “irrelevant”, say experts

5y Rachael Singh, Writer
Firms begin pitches for RSM Tenon audit

Audit Firms begin pitches for RSM Tenon audit

6y Rachael Singh, Writer