Tenon Group, the UK accountancy and corporate recovery specialists, published their preliminary results statement declaring a pre-tax profit of Ј4.3m. Reference was made to the Company's restructuring of its corporate finance activities into a cohesive division integrated within the Tenon Group.
As part of the restructuring process, Tenon has reached agreement for some members of the management of its subsidiary, Tenon Livingstone Guarantee PLC (TLG), to acquire parts of TLG in two separate transactions. One transaction involves the London TLG operations and includes the purchase from Tenon of the trading name of Livingstone Guarantee. The other transaction involves selected parts of the TLG operations in the Midlands and the North of England.
