Howard Tenens profits stable despite rising cost pressures


 

The Howard Tenens group reported a 5.6% increase in turnover in its latest accounts, driven by work in its logistics division. For the year ending 30 September 2021 the warehousing, distribution and property development firm generated £112.3m in revenue, compared to 2020’s £103.6m. Howard Tenens Logistics saw turnover increase by 12.7% to £84.4m from £74.8m and pre-tax profit jump to £3.6m (£268,000). It said that the UK logistics industry was being subjected to “unprecedented times” with the pandemic, Brexit and […]