Prospect

Target status: x

Upload date: 31/05/2019
Last updated on: 01/12/2020

Who are the important people in the company?

• Tenens Ptc Limited
Correspondence address: Tenens House, Kingfisher Business Park, London Rd, Thrupp, Stroud, Gloucestershire, England, GL5 2BY
Governing law: Companies Act 2006
Legal form: Private Company Limited By Shares
Place registered: Companies House
Registration number: 10592532
Nature of control: Ownership of shares – More than 50% but less than 75%
Ownership of voting rights – More than 50% but less than 75%
Right to appoint and remove directors
Incorporated in: England and Wales

• Mr Peter Ewan Morris
Correspondence address: Tenens House, Kingfisher Business Park, London Rd, Thrupp, Stroud, Gloucestershire, GL5 2BY
Date of birth: June 1944
Nationality: British
Country of residence: United Kingdom
Nature of Control: Ownership of shares – More than 50% but less than 75% with control over the trustees of a trust
Ownership of voting rights – More than 50% but less than 75% with control over the trustees of a trust
Right to appoint and remove directors with control over the trustees of a trust
Has significant influence or control over the trustees of a trust

Benjamin John Morris
Correspondence address: Tenens House, Kingfisher Business Park, London Rd, Thrupp, Stroud, Gloucestershire, GL5 2BY
Date of birth: May 1972
Nationality: British
Country of residence: England
Nature of Control: Ownership of shares –12%
Occupation: Executive Director & Shareholder

Daniel Peter Morris
Correspondence address: Tenens House, Kingfisher Business Park, London Rd, Thrupp, Stroud, Gloucestershire, GL5 2BY
Date of birth: April 1977
Nationality: British
Country of residence: England
Nature of Control: Ownership of shares –12%
Occupation: MD in Property Division & Shareholder

What is the structure of the company?

Statement of Capital (Share Capital)
Class of Shares: B ORDINARY
Currency: GBP
Number Allotted: 44261
Aggregate nominal value: 442610
Prescribed Particulars:
B ORDINARY shares have been redesignated as ORDINARY shares.
Each ORDINARY share carries one vote. The ORDINARY shares carry the right to participate equally in any distributions, as respects dividends and as respects capital (including on a winding-up) and are not redeemable.

• Statement of Capital (Total)
Currency: GBP
Total Number of shares: 44261
Total Aggregate nominal value: 442610

Full Details of Shareholders

Shareholding 1: 5337 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Daniel Peter Morris

Shareholding 2: 5331 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Benjamin J Morris

Shareholding 3: 975 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Peter Ewan Morris

Shareholding 4: 10940 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Tenens PTC limited (owned by Peter Ewan Morris)

Shareholding 5: 663 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Tenens PTC limited (owned by Peter Ewan Morris)

Shareholding 6: 21015 B ORDINARY shares held as at the date of this confirmation statement (05/09/2019, but no further updates have been published ever since)
Name: Tenens PTC limited (owned by Peter Ewan Morris)

What is the prospect’s strategy and ambitions?

Strategy 

Diversification of Services Portfolio:

They have combined logistics with property management services in order to acquire a respectable position in more than one markets for risk-hedging purposes and to exploit the opportunities of their mutual grounds depicted in Warehouse Spaces, Ancillary Office Spaces, External storages and Commercial Parking for intersectoral expansion.

Customisation Strategy: They provide innovative and tailored solutions that look far beyond today to deliver long-term efficiency and effectiveness.

Operational risks Management

As a provider of logistics and warehousing solutions, the major risks faced by the group include health and safety, changes in customer outsource requirements, the ability to recruit and retain management and colleagues with the skills and experience required to serve their customers and the dependence upon sophisticated IT systems. They continue to focus their attention on these key areas whilst taking account of the principal uncertainties faced by the business- the level of economic growth, fuel costs and movements in interest rates. Further uncertainty still comes from the political arena with “Brexit” in particular, however, the business does not deem this to be a major risk.

Cash flow risks

The Group has long term facilities to ensure sufficient liquidity is available to meet its foreseeable needs. Regular contact is maintained with the Group’s bankers to ensure that sufficient funding remains available.

Ambitions

  • Gain a market-leading position in the sectors of activity
  • Further Intersectoral and potentially Geographical Expansion across the UK

Who are the prospect's customers?

Overall, their clientele derives from the following business sectors:

  • Automotive
  • Food & Drink
  • Packaging
  • Retail / FMCG
  • Specialist Logistics

Customer Examples:

Asahi UK

Honda UK

Organix

Customer Reviews

N/A

What does the prospect consider important for its customers?

• Delivering carefully customised and cost-effective contractual solutions that cover all their global warehouse and distribution requirements.
• Their dedicated fleet of trucks and vans keep their business moving, helping them reach their commercial goals and optimise the efficiency of their supply chain.

Who are the prospect's staff?

The average monthly number of persons (including directors) employed by the group and company during 2019, amounted to 727 (2018:700)

2019 2018
Operational 478 Operational 458
Management and Administration 249 Management and Administration 242

Employee Reviews on Indeed:

Overall Rating: 2.6/5

Analytical Rating:

  • Work-life Balance: 2.9/5
  • Pay & Benefits: 2.7/5
  • Job security & advancement: 2.6/5
  • Management: 2.3/5
  • Culture: 2.5/5

Supervisor (Current Employee) – Sharpness, Gloucestershire – 17 September 2020

“If your face fits

Unhappy as a supervisor when management believes a warehouse op over a supervisor over a threat on another member of staff. Always a management cover up” 

Pros

Pay ok. Enjoyable work

Cons

Management out for themselves. And those who face fits

FLT Driver (Former Employee) – Tilbury – 19 July 2020

“High turnover of staff

Bunch of using and abusing people

Go work here if you like being shouted at and called names. Terrible Health and safety. Flt drivers drive very badly and crash into others”

Pros

Easy to get a job

Cons

Bunch of wan kers

What are the prospect’s unique selling points (USPs)?

• Providing customised and cost-effective contractual solutions
• Fully committed to operating in an environmentally friendly way
• Leaders in sustainable logistics
• Early adopter of dual-fuel vehicles
• Trialling the UK’s first Scania 26-tonne rigid dedicated gas vehicle
• Switching to energy efficient LED lighting in their warehouses
• Generating green electricity through solar panels at seven of their sites, saving 200 tonnes of CO2 a year
• Providing direct 24/7/365 haulage and distribution, both nationally and internationally.

Environmental awards:

Winner | UK Warehouse Association Awards 2018 | Environmental
Gold Status | EcoVadis CSR Supplier Evaluation July 2018
Highly Commended | Automotive Logistics Awards 2018 |Greener Supply Chain

Accreditations:

Rospa Gold Accreditation
Iso 9001/14001
BRC Certification
Alcohol Bondedc site
Organic Certification

What are the prospect’s business activities and potentials?

The principal activities of the Company and the Group are warehousing and distribution, property development and property management.

Annual Report File

Locations:

Tenens House
Kingfisher Business Park
London Road
Thrupp
Stroud
Gloucestershire
GL5 2BY

Social Media

Facebook

Twitter

LinkedIn

YouTube

Who are the prospect’s competitors?

Competitors List (alphabetical order)
Criterion: Industry subcategory, Company Size and Product

Bibby Distribution Limited
Employee Count: 1,551:2019

DHL Global Match (UK) Limited (parcel Division of DHL Group)
Employee Count: 86:2019

UPS Limited (part of UPS group)
Employee Count: 8,508