Onward Holdings has initiated its first business restructure in six decades, marking a significant shift in leadership.
- The overhaul follows the retirement of two founding families, paving the way for new generational leadership.
- Key appointments include Will Storey, Kieran Bloomer, and Gavin Parker in strategic roles to drive the company forward.
- The firm remains committed to innovation, new developments, and investments in 3PL warehousing.
- Notable transactions include lease renewals and property acquisitions, emphasising Onward Holdings’ growth and adaptability.
In a historic move, Onward Holdings is undergoing its first major business restructure in over 60 years. This transformation sees two of the original four families retire, making room for the third and fourth generations to step into key leadership roles. This transition revitalises the company, which last experienced such a change in 1961 following the death of founder Bill Storey. Today, Will Storey and Kieran Bloomer have been appointed to pivotal positions, accompanied by Gavin Parker as the finance director. Martin Holden, already a partner at Saffery, continues as chairman.
Emphasising its forward-thinking approach, Onward Holdings has stated its commitment to driving innovation. The company aims to continue its investments in new build developments and acquire sites for redevelopment, alongside substantial investments in 3PL warehousing solutions. These strategic decisions are poised to fortify its standing in the industry, catering to a diverse international clientele.
Adding to its portfolio, Onward Holdings has secured a significant lease renewal with Sciensus at the Junction Point on the Green Industrial Estate in Featherstone. This 10-year agreement, valued at approximately £285,000 annually, illustrates the company’s robust relationship with clients and its successful negotiation capabilities. Furthermore, Yusen Logistics, part of the Mitsubishi Group, has taken a 10-year lease for a refurbished warehouse at the Cross Green Industrial Estate in Leeds. This move aligns with Yusen’s strategy to expand within the UK, reflecting the growing demand in the e-commerce sector.
Currently, Onward Holdings is inviting offers for another refurbished warehouse near Leeds city centre, after investing about £500,000 in upgrades. This move indicates the company’s strategic approach to enhancing and monetising its property portfolio.
Onward Holdings continues to demonstrate a resilient and adaptable business model, aligning with significant industry trends and demands.
Onward Holdings is set for a promising future with its new leadership and strategic initiatives.
