Entrepreneurs face pay delay April 4, 2011 Entrepreneurs are struggling to collect client payments, according to RSM Tenon. While 19 per cent of businesses wait less than 30 days, 35 per cent of businesses wait 30 to 45 days and 26 per cent wait between 45 to 60 days to be paid after invoicing.
RSM Tenon in profit boost September 22, 2010 ACCOUNTANCY?firm RSM Tenon posted a 37 per cent increase in full-year adjusted pre-tax profit yesterday, thanks to two acquisitions. The accountancy and advisory firm, which moved to London’s main market in May, said adjusted pre-tax profit was £24.1m, up from £17.6m a year ago. It raised its dividend by seven per cent to 1.6p per [...]
Fenchurch in administration March 2, 2011 Fashionable streetwear brand Fenchurch International went into administration last week, blaming the rising cost of cotton and higher labour costs. RSM Tenon has been appointed as the administrator. The administration puts 40 head office jobs at threat. Fenchurch turned over £11m in the 12 months to 31 April 2010 and achieved a gross profit of [...]
RSM Tenon hikes dividend as profit rises September 22, 2010 British business adviser RSM Tenon Group posted a 37 per cent increase in full-year adjusted pretax profit, boosted by acquisition of RSM Bentley Jennison and certain assets of troubled peer Vantis. The accountancy and advisory firm said it raised dividend by seven per cent to 1.6 pence per share. “Organic sales growth and margin improvements [...]
RSM Tenon hikes dividend as profit rises September 22, 2010 British business adviser RSM Tenon Group posted a 37 per cent increase in full-year adjusted pretax profit, boosted by acquisition of RSM Bentley Jennison and certain assets of troubled peer Vantis. The accountancy and advisory firm said it raised dividend by seven per cent to 1.6 pence per share. “Organic sales growth and margin improvements [...]
CITY MOVES | WHO’S SWITCHING JOBS May 4, 2011 Hastings Direct Mark Adams is joining Hastings Direct as chief financial officer, ahead of the company’s IPO next year. Adams’ recent career includes the roles of interim chief financial officer at EasyJet, group finance director then chief executive at Helphire Group, and chief financial officer at both Alpha Airports Group and STA Travel Group. Adams [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2011 Cordea Savills The international property fund manager has appointed Alexandra McGhee as head of fund finance, UK, with overall responsibility for the financial control and reporting on funds administered from London, Stockholm and Luxembourg. McGhee’s previous experience in European fund management includes the positions of business development director at Protego Real Estates and finance manager [...]
CITY MOVES | WHO’S SWITCHING JOBS April 18, 2011 Ladbrokes Ladbrokes has appointed Ian Bull as chief financial officer, effective from 4 July, when he will report to Ladbrokes chief executive Richard Glynn. Bull joins Ladbrokes from Greene King, where he was group finance director from 2006, contributing to the expansion of the business through organic growth and the acquisition of 2,500 pubs across [...]
Number of insolvencies drops from record levels January 10, 2011 CORPORATE insolvencies plummeted by over 17 per cent last year, it was revealed yesterday. The figures show that industry recovered from record high levels of insolvency in 2009. Around 21,000 businesses declared corporate insolvency last year, down from 25,432 in 2009, according to consultants RSM Tenon. “We have seen a record decrease in corporate insolvency [...]
CITY MOVES | WHO’S SWITCHING JOBS January 25, 2011 RSM Tenon The seventh largest accountancy firm has named accountant Peter Musgrave as head of its enlarged London office. RSM Tenon has brought together teams from four offices into the central London location in Chiltern Street in the West End and created a 450 strong team covering all the Group’s services. Peter previously ran the [...]