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.
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 [...]
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 falls despite profit leap February 23, 2011 SHARES in accountancy firm RSM Tenon plummeted yesterday despite a 50 per cent profit leap after the group warned that growth would slow. Underlying profits for the listed firm leapt by 53 per cent to £13.5m for the six months to 31 December 2010. Turnover increased 65 per cent to £121.1m. The interim figures combine [...]
What the other papers say this morning February 8, 2011 FINANCIAL TIMES BRUSSELS URGED TO END BIG FOUR DOMINANCE Four international accountancy networks have taken the unusual step of jointly calling for changes to the audit market in Europe and arguing that regulatory intervention is needed to dilute the power of the profession’s biggest operators. BDO International, RSM International and Grant Thornton International, the world’s [...]
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 [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2011 Fuller, Smith & Turner The brewer has appointed Lynn Fordham, chief executive of FTSE 250 private investment manager SVG Capital, to its board as a non-executive director. She will join both the remuneration and audit committees in addition to her seat on the board. Fordham has previously held senior financial, strategic and operational roles at [...]
CITY MOVES | WHO’S SWITCHING JOBS January 17, 2011 RSM Tenon The financial services firm has appointed two new directors and an associate director in London. Nick Atkinson has been promoted to a risk management director, specialising in internal audits of the NHS. Nick Davies (pictured) has been promoted to business advisory director in the audit, tax and advisory team, specialising in corporate clients. [...]
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 December 21, 2010 RSM Tenon Ruth Hiley (pictured) has joined RSM Tenon as the accountancy firm’s new head of outsourced payroll services. Hiley has a background in bureau management: she has worked at Moorepay, the UK’s largest payroll services firm, and has also been head of the payroll teams at BDO Stoy Hayward and PKF. She will be responsible for helping [...]