Financial Highlights

Howard Tenens are looking ahead with confidence. We are continuing to develop the business for the future.

The company has been providing services to the FMCG market for over 20 years and has invested consistently to build a strong network across the country.

We have invested in a great number of areas including warehouse management systems, electronic customer interfaces, on-line visibility of order status, co-packing facilities, materials handling equipment and a modern vehicle fleet. 

It has been another exceptional year for the Group in which we have faced many challenges but also have achieved a number of successes within the business. The year has also seen us win a number of new clients across all divisions within the Group. As you will be able to see the Howard Tenens Group of Companies are diverse and provides a firm financial base from which to operate in.

Our strong financial base provides us with many opportunities in what will be a very challenging time in the next few years. As the economy slows down we are seeing an increasing emphasis from our customers regarding efficiencies and maximisation of our joint resources. Our operational businesses have seen continual growth not only from new business but also organically through our existing customers to whom we are extremely grateful.

The most significant change to the Group was the sale of our share in the Four Pillars Group to Deutsche Bank, which has released a significant capital profit for future investment to further strengthen our industrial property portfolio and form a major part of our future growth strategy plans.

On a less positive note our housing business has suffered greatly from the general slowdown in the market and we are selling our remaining completed housing portfolio and holding off any future developments. We are however still looking into land acquisition for future growth in the coming years.

Overall our accounts demonstrate that Howard Tenens continues to remain a financially strong business with a sustainable growth strategy. The hard work of the management team and the co-operation of our customers has allowed us to keep a tight control on costs throughout the year, thus producing an excellent return.