PracticeAccounting FirmsEx-RSM Tenon chairman’s shareholding rises to 6%

Ex-RSM Tenon chairman's shareholding rises to 6%

Former chairman Bob Morton increases RSM Tenon shareholding to 6.3%, from 4.8%

RSM TENON’S former chairman Bob Morton has spent more than a quarter of a million pounds on the firm’s shares.

Morton (pictured), who stepped down earlier this year along with CEO Andy Raynor, has picked up another five million shares in the firm, at 5.41p a share.

He previously owned 15,373,456 shares. His new shareholding is equivalent to 6.31% of the listed firm.

A spokeswoman for RSM Tenon confirmed that the former chairman had acquired shares in the company.

RSM Tenon uncovered accounting errors in January and then restated its accounts later this year. In February, the firm reported a loss on continuing operations of £71m, a reported drop in revenue of 9% and a reduction in pre-tax profit of £12.1m.

Its shares were trading at 5.01p this morning.

For more companies and markets information, visit the Share Price Centre

 

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
Leader: Law firms should heed accountancy's listing mistakes

Accounting Firms Leader: Law firms should heed accountancy's listing mistakes

3y Kevin Reed, Writer
Baker Tilly hails 47% growth in turnover

Accounting Firms Baker Tilly hails 47% growth in turnover

3y Calum Fuller, Reporter
Best Practice: Baker Tilly’s Laurence Longe

Accounting Firms Best Practice: Baker Tilly’s Laurence Longe

3y Richard Crump, Writer
Baker Tilly sells employee benefits business

Accounting Firms Baker Tilly sells employee benefits business

3y Richard Crump, Writer
Baker Tilly to join RSM International network

Accounting Firms Baker Tilly to join RSM International network

4y Calum Fuller, Reporter
Baker Tilly closes RSM Tenon office and merges in London

Accounting Firms Baker Tilly closes RSM Tenon office and merges in London

4y Rachael Singh, Writer
Ex-RSM Tenon CFO and CEO step down from Baker Tilly

Accounting Firms Ex-RSM Tenon CFO and CEO step down from Baker Tilly

4y Rachael Singh, Writer