The restructuring wing of Teneo Ireland saw “accelerated growth” in 2024 as profits more than tripled from €1.2 million to €4 million on the back of a series of high-profile restructuring jobs. Best known in Ireland for its PR and management consultancy business, Teneo entered the UK restructuring service sector in 2021, acquiring Deloitte’s 250-person UK restructuring arm. Teneo Restructuring Ireland was then set up in August 2021, after hiring Damien Murran from accounting firm RSM to become its managing director. Mr Murran said the restructuring business’s results “reflect the continued investment in the business and accelerated growth over the past three years”. “Started from scratch” just five years ago, the business unit has “grown consistently” in recent years, Mr Murran said.
