Howden Joinery Group is the UK’s leading supplier of fitted kitchens to trade customers throughout the UK. Not many companies like Howden’s manufacture in the UK, offer its trade customers products from local stock at more than 750 depots nationwide, and have a 25-year guarantee on all its cabinetry. They have delivered more than six million kitchens and still counting within the UK. Its depots are located in an edge-of-town location which is more convenient for its customers and cheaper for them to rent. In FY2020 around 85% of its UK customers lived within 5 miles of a Howdens depot. In FY2021, Howdens had 778 depots across the UK in addition to 40 international depots bringing the total count to 818 depots.
Out of the 818 depots, Howdens had 778 depots in the UK, 38 in France, and 2 in Belgium at the end of FY2021.In FY2021, it opened 31 new depots, up from the 16 opened in FY2020. It now sees potential for at least 950 depots in the UK, including 25 new depots in Northern Ireland in FY2022.
During the year, including relocations, a total of 62 depots were reformatted, taking the total number of revamped depots to 103 at the year-end. Including relocations, it plans to reformat around 70 more depots in FY2022 and to re-rack the warehouses of a further 35 sites without other modifications at that time.
At the end of FY2021, it had 210 UK depots trading in the updated format and it expects to end FY2022 with around 305, having also re-racked the warehouses of a further 133 depots without other modifications. Such depots, in aggregate, will represent around 55% of its UK estate by the end of FY2022. Howdens opened 10 depots in France in FY2021, ending the year with a total of 40 in France and Belgium and it also plans to expand its footprint to 60 depots by the end of FY2022, 40 located in the Paris area.
In February 2021 it acquired Sheridan Fabrications, a leading industry specialist for the manufacture, fabrication, laser templating and installation of premium worksurfaces. The acquisition is expected to increase the company’s manufacturing capacity and will lead to lower installation costs, with associated margin benefits. The business is based in Normanton, West Yorkshire.
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