- John Holt Plc
Infobox_Company
company_name = John Holt
company_logo =
company_type = Public (RC2662)
foundation = 1897
location_city = flagicon|NGRLagos flagicon|UKLiverpool
location_country =
key_people =
area_served =
industry = Conglomerate
products =
revenue = 12 billion NGN (2006)
operating_income =
net_income =
num_employees = 1,200 (2006)
parent =
subsid =
homepage = [http://www.jhplc.com John Holt Plc]
footnotes =John Holt Plc is a Nigerian
conglomerate . It has been an important participant in many areas of the economy.History
[
brass manilla , previously used in some parts of Nigeria as currency and a five-point star, which signifies the Group's enduring connection with Liverpool.]The company was founded in 1862 when
John Holt , 20 years old at the time, with £27 in his pocket, sailed fromLiverpool to take up appointment as a shop assistant in agrocery store inFernando Po (nowEquatorial Guinea ). Five years later, he bought out his employer and subsequently built up a produce trade with the Delta Ports.Palm Oil , Palm Kernels,Rubber andCocoa were exported to England. Imports included textiles fromLancashire and bicycles fromBirmingham . In 1897, John Holt established his first VENTURE inLagos , Nigeria.Up to the
World War II , much of John Holt's business was in distribution and export of produce. A fleet of ships operated a fortnightly service fromLiverpool toWest Africa and the Company also had its own fleet of river craft.Apart from produce and merchandise, these river craft also carried cash. Where banks did not exist, John Holt had strong rooms. Even after banks were established, many Nigerians preferred to deposit their cash with John Holt.
John Holt & Company (Liverpool) Limited was incorporated in 1897. In 1961 the company was incorporated in Nigeria as John Holt Limited. It became a public company and was quoted on the
Nigerian Stock Exchange in May 1974.External links
* [http://www.jhplc.com/ John Holt Plc Corporate Web-site]
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