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| 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 (LSE: HWDN) is a leading United Kingdom-based kitchen cabinet business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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
The Company was founded by Noel Lister and Donald Searle in London in 1964 as Mullard Furniture Industries ('MFI'). Mullard was Searle's wife's maiden name. For a short time in the 1980s the Company was part of the Asda Group.
In September 2006 the loss making MFI Retail arm was sold to Merchant Equity Partners for £1, while the Company retained Howdens Joinery builders merchants. In October 2006 the Company changed its name to Galiform.
In December 2008 the Company reported that it was uncertain as to what liabilities might revert to it as a result of MFI Retail going into administration although it disclosed that had previously entered into guarantees for the rents of 46 MFI stores.
In September 2010, the Company changed its name to Howden Joinery Group.
Operations
The Company trades as Howdens Joinery. Howdens have circa 500 depots in the UK and also trade from several depots around the Paris area in France under the name of Houdan Menuiseries S.A.
Howdens kitchens are manufactured at plants located in Runcorn and Howden.
References
- ^ Preliminary Results 2011
- Treanor, Jill (September 23 2006). "MFI sold for £1 and repackaged as Galiform". London: The Guardian. Retrieved May 3, 2010.
{{cite news}}: Check date values in:|date=(help) - ^ MFI sells store chain in £1 deal BBC News, 22 September 2006
- Galiform says has funds for any MFI liabilities Reuters, 30 September 2008
- Sturdy trading at Howden Investors Chronicle, 4 March 2011