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Press Release

Tenon promotes to meet ambitious growth plans

Tenon, the UK’s leading accountancy and business advisory firm to entrepreneurs, announced today (7th January 2008) a series of promotions including three new directors and four associate director positions.

Following the six acquisitions in 2007, Tenon has now become a 39 office operation with over 1800 staff across the UK. Tenon’s ambitious growth plans will continue this year and in the future so they reach their target of being a £250m turnover business by 2012.

The acquisitions of Unity, Jackson Joliffe Cork and Hurst Morrison Thomson Corporate Recovery developed Tenon’s Recovery service becoming the second largest corporate appointment taker in the country. The Bowmans and LWC acquisitions have enhanced their Business Advisory and Accounts offering whilst Professional Assurance Services has expanded the Tenon Financial Services operation.

Andy Raynor, Tenon’s Chief Executive commented, ‘Our business goal is to provide the best service to entrepreneurial businesses across the country and therefore our staff are the main reason for our success and growth. We have invested heavily in the Tenon Academy, our flagship training and development programme and we are now reaping the rewards as our people achieve their career aspirations. In the last twelve months we have made eight director and ten associate director promotions – ample evidence of our investment in our people. 2008 is set to be a very challenging economic environment which I am sure will bring a number of interesting opportunities for all our service lines. I am more than ever convinced that we have the right expertise and experience to advise our clients well’.

The director appointments are:-

There have also been four Associate Director appointments:

Ends.

For more information, please contact:

Phillip Ward - National Marketing & PR Manager on 01257 518000 / 07800 617069 or phillip.ward

Bev Cook - Associate Director of Marketing on 0116 2495174 / 07800 617477 or bev.cook

Notes to editors

About Tenon

Tenon is a leading provider of accounting and business advice to entrepreneurs, providing clients with expertise in Business Services, Tax, Financial Services, Corporate Finance, Recovery, Outsourcing and Forensic Accountancy. Tenon is the 9th largest UK accountancy firm with over 1800 staff UK wide. Operating through a network of 39 offices, Tenon is able to offer local expertise but with the backing of a national plc.

In 2007, Tenon sponsored a new award category at the National Business Awards - The Tenon Award for Entrepreneurial Spirit. The judges were looking for a dynamic organisation that best demonstrated an ethos of creative, entrepreneurial drive resulting in innovation and an exciting track record of identifying and exploiting market opportunities. Through vision, determination and a willingness to do the unexpected, the organisation had to be seen to strive for better customer service and /or create new customer segments in a way that contributed to the improvement of the business performance of their company.

The winner was Summit Media, an online marketing agency. To learn more www.tenongroup.com/nba

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