Record Turnover For Henderson Group
Henderson Group saw its turnover rise to £642.8 million in 2013, an increase of 3.6 per cent on 2012.
The leading retail, wholesale and foodservice group – which supplies to more than 400 stores – had record profits of £18.4m in 2013, up 17.5 per cent on the previous year.
The company continued to reinvest in the business with a capital spend of £23.1m, with ongoing development of the retail proposition in the existing store portfolio, as well as acquiring the freehold of seven stores.
It also bought an additional warehouse adjacent to its Mallusk base to support continued growth, particularly of the fresh foods division.
A further £13.4m will be spent this year on existing refurbishment with additional investment to be spent on acquisitions.
Ron Whitten, Group finance director, said: “In 2013 we saw a record trading performance in a busy marketplace. We are committed to improving our value proposition to both our wholesale and retail customers and have maintained our competitive advantage by ensuring our collective buying power provides them with a great offer.
“We have also developed our range of products and services while continuing to identify operational efficiencies including ongoing investment in technology, particularly in our warehouse management systems, and in our fleet management.
“While wholesale profits were flat, as a direct result of the investment in retail price support for the benefit of our independent retail partners, the company owned store division has performed particularly well, doubling its profits from 2012.We believe that is because we are offering competitive prices and investing in training and recruitment to attract and retain the best staff and deliver excellent customer service.”
* Pictured above: Paddy Doody, sales and marketing director (left) and Ron Whitten, Group finance director at the Henderson Group
