Tenon and RSM Bentley Jennison to merge

11/12/2009

Tenon and RSM Bentley Jennison have announced plans to merge.

The two audit jobs providers will combine into a single company that will employ nearly 3,000 staff and have a combined fee income of over £250 million.

It will operate under the trading name of RSM Tenon and become the seventh largest accountancy firm in the UK.

Chief executive of Tenon Andy Raynor will head the new business and he described the deal as "a combination of the two most substantial entrepreneurial businesses in our industry", adding that it will provide a platform from which the enterprise can "challenge [the] traditional approaches" that are used when offering services and dealing with clients.

National managing partner of RMS Bentley Jennison will become an executive director and he commented that the merger will create an entity that has "significant power".

Tenon currently operates approximately 40 offices around the UK, employing over 1,800 staff.

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