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| '''Howden Joinery Group plc''' ({{lse|HWDN}} |
'''Howden Joinery Group plc (the 'Group')''' ({{lse|HWDN}}, which is listed on the ] and is a constituent of the ], is the owner of the Howden Joinery business ('Howdens'). The Group has existed in its current form since October 2006, when the then MFI Furniture Group ] sold the MFI retail business to MEP Mayflower Ltd. Originally, the Group in its current form was known as Galiform plc, until September 2010, when it changed its name to Howden Joinery Group plc. | ||
| Howdens sells integrated kitchen and joinery products, including Lamona integrated domestic appliances, which are exclusive to the business, from stock, primarily to small local builders. It is a trade only business and does not sell to retail customers, although around 75% of its kitchen sales are installed in owner occupiers' homes. The rest of its sales are primarily installed in private and public rented accommodation. | Howdens sells integrated kitchen and joinery products, including Lamona integrated domestic appliances, which are exclusive to the business, from stock, primarily to small local builders. It is a trade only business and does not sell to retail customers, although around 75% of its kitchen sales are installed in owner occupiers' homes. The rest of its sales are primarily installed in private and public rented accommodation. | ||
| ==History== | ==History and operations== | ||
| The Howden Joinery business was started in the autumn of 1995, under the auspices of the then MFI Group. Its main operations are in Great Britain, where its 500th depot was opened in 2011. It also has a small number of depots in Paris and Northern France, where it trades as Houdan Menuiseries | |||
| The Company was founded by ] and Donald Searle in ] in 1964 as ''Mullard Furniture Industries'' ('MFI'). Mullard was Searle's wife's ].<ref name=guardian>{{cite news|url=http://www.guardian.co.uk/business/2006/sep/23/privateequity|title=MFI sold for £1 and repackaged as Galiform|publisher=The Guardian|date=September 23 2006 | location=London | first=Jill | last=Treanor | accessdate=May 3, 2010}}</ref> For a short time in the 1980s the Company was part of the ] Group. | |||
| The Group employs over 6,000 people, almost all in the UK. It sources the products is sells globally, primarily from suppliers based in the UK and continental Europe. It manufactures about one-third of the products it sells, making kitchen cabinets and worktops in its own manufatcuring plants, in Runcorn, Cheshire, and Howden, East Yorkshire. | |||
| In September 2006 the loss making ] arm was sold to ] for £1, while the Company retained ''Howdens Joinery'' builders merchants.<ref name=bbc> BBC News, 22 September 2006</ref> In October 2006 the Company changed its name to ''Galiform''.<ref name=bbc/> | |||
| In December 2008 the Company reported that it was uncertain as to what liabilities might revert to it as a result of ] going into administration although it disclosed that had previously entered into guarantees for the rents of 46 MFI stores.<ref> Reuters, 30 September 2008</ref> | |||
| In September 2010, the Company changed its name to ''Howden Joinery Group''.<ref> Investors Chronicle, 4 March 2011</ref> | |||
| == Operations == | |||
| The Company trades as ''Howdens Joinery''. Howdens have circa 500 depots in the ] and also trade from several depots around the ] area in ] under the name of ''Houdan Menuiseries S.A.'' | |||
| Howdens kitchens are manufactured at plants located in ] and ]. | |||
| == References == | == References == | ||
Revision as of 09:18, 6 November 2012
| File:Howdenslogo.png | |
| Company type | Public (LSE: HWDN) |
|---|---|
| Industry | Furniture |
| Founded | 1964 |
| Headquarters | London, UK |
| Key people | Will Samuel, (Chairman) Matthew Ingle, (CEO) |
| Products | Kitchens and joinery |
| Revenue | £853.8 million (2011) |
| Operating income | £114.3 million (2011) |
| Net income | £81.1 million (2011) |
| Website | www.howdens.com |
Howden Joinery Group plc (the 'Group') (LSE: HWDN, which is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index, is the owner of the Howden Joinery business ('Howdens'). The Group has existed in its current form since October 2006, when the then MFI Furniture Group MFI Group sold the MFI retail business to MEP Mayflower Ltd. Originally, the Group in its current form was known as Galiform plc, until September 2010, when it changed its name to Howden Joinery Group plc.
Howdens sells integrated kitchen and joinery products, including Lamona integrated domestic appliances, which are exclusive to the business, from stock, primarily to small local builders. It is a trade only business and does not sell to retail customers, although around 75% of its kitchen sales are installed in owner occupiers' homes. The rest of its sales are primarily installed in private and public rented accommodation.
History and operations
The Howden Joinery business was started in the autumn of 1995, under the auspices of the then MFI Group. Its main operations are in Great Britain, where its 500th depot was opened in 2011. It also has a small number of depots in Paris and Northern France, where it trades as Houdan Menuiseries
The Group employs over 6,000 people, almost all in the UK. It sources the products is sells globally, primarily from suppliers based in the UK and continental Europe. It manufactures about one-third of the products it sells, making kitchen cabinets and worktops in its own manufatcuring plants, in Runcorn, Cheshire, and Howden, East Yorkshire.