Alternative Investment Market-listed
accountancy firm Tenon has announced a rise in operating profit for the year ending June 30th.
The firm has unveiled a 34 per cent rise in operating profit, with turnover increasing 17 per cent to £160.3 million.
Its pre-tax profit was £12.4 million compared to the figure of £12.3 million recorded 12 months earlier.
Andy Raynor, chief executive of Tenon, said the firm remains "very ambitious" and aims to increase it market presence.
"With our financial and management strength we are very well placed to take advantage of the opportunities we expect to arise in the current market conditions and to continue to invest in the future of our business," he added.
Big 4 firm PricewaterhouseCoopers (PwC) recently announced an increased turnover of seven per cent to £2.24 billion for the last financial year.
The figures cemented PwC's position as the biggest firm in the UK.
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