Revenues in Howard Tenens’ warehousing and distribution division were static last year, as it strove to address a challenging economy by reviewing customer supply chains and seeking out efficiencies.
Overall, turnover increased by 3.5% to £133m, but this was due in large part to a 24% increase in its property management arm, thanks to early occupation of its Bridgwater and Weston-Super-Mare sites.
It also generated £471,000 in electricity production.
Within logistics, revenues stayed almost exactly the same, at £112,000 during the period ending 27 September 2025.
Pre-tax profit fell to £12.9m from £24.3m in the previous trading period.
The company said it spent 2024 focusing on stabilisation and strategic investment and in 2025 the attention shifted towards defining its future direction: “The group has undertaken further structural simplification, with the parent company hiving up its subsidiary, Howard Tenens (North West),” it said in a business review.
“In contrast, a new entity, Howard Tenens Guernsey was incorporated as part of the directors’ strategy to explore additional growth opportunities in the Channel Islands.
“We proactively responded to the challenging UK economic conditions by engaging with clients to review their supply chains, driving efficiencies and right-sizing operations demonstrating our commitment to long-term customer relationships even if that meant a reduction in revenues to us,” Howard Tenens added.
“Despite this, the successful retention of several major clients under renewed contractual terms, combined with a healthy pipeline of new opportunities, provides the directors with confidence for the coming years.”
