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 GBP112.3m in revenue, compared to 2020's GBP103.6m. Howard Tenens Logistics saw turnover increase by 12.7% to GBP84.4m from GBP74.8m and pre-tax profit jump to GBP3.6m (GBP268,000).

It said that the UK logistics industry was being subjected to "unprecedented times" with the pandemic, Brexit and [...]

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