Tenon buys advisory firm Bowmans

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Tenon Group, the ninth largest UK accountancy firm, has acquired chartered accountants Bowmans for £2.5m cash with a further £0.8m in Tenon shares.

Additional cash payments will depend upon agreed levels of financial performance being met. These are payable over a period of up to two years from completion of the deal which is expected on June 29. Bowans is a nine partner firm of chartered accountants with offices in Preston and Kendal. It focuses on providing a service to growing, owner-managed businesses across the North West. Services include audit, accounting, tax compliance, wealth management, business and tax planning as well as corporate finance. Tenon also announced it has completed its £4.1m acquisition of accountancy firm ...

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