The origin of Penthouse Group dates back to 1969, when one of its constituent Companies, Neil Fernando and Company came into existence. The Founder and President of the Group, Mr. Neil Fernando, a Mechanical Engineer by profession, and Proprietor of Neil Fernando & Company, brought in his knowledge, expertise and talent to cater to the needs of the local market and later expanded to the International markets In view of the very high professional standards maintained by the Company, the demand for its services grew rapidly and the need for diversification manifested itself. As a result today, the Penthouse Group has a number of limited liability companies under its wing.
While the Group’s multi-disciplinary skills have enabled it to be the leading Company at the national level, in the provision of goods and services for the management and development of Sri Lanka’s fisheries & pleasure boating market, Penthouse Group has successfully served in many countries such as the United Kingdom, Norway, France, Netherlands, India, Thailand, Tanzania, Seychelles and the Middle East as well as the Republic of Maldives, Mozambique, Gambia, Djibouti.
The group has won the confidence of International funding Institutions such as the World Bank (WB), Asian Development Bank (ADB), Abu Dhabi Fund and works closely with the Food and Agriculture Organization (FAO) of the United Nations.
NF Trading is the sourcing arm for a wider range of products for the requirements of within the group as well as for the outside competitive market which represent the government sector as well as the private sector. Their marketing division being located in Colombo and Katunayake, where all accounting and allied work is computerized in accordance with modern business systems. Its portfolio consists of Finger Print Scanners, Access controllers etc for office use and many advance tools used in mechanical and automobile engineering.
The Penthouse Group has now a turnover exceeding SLR 2.5 Billion per annum. Fixed assets at current costs amount to SLR 500 million and investments and deposits of approx SLR 300 million. Banking for the Group is done by three Banks with whom excellent relationships are being maintained. We are also approved by the Board of Investments of Sri Lanka (BOI) and have long standing relationships with regulatory bodies of the country.
As a result of excellent employer/employee relationship, the workers have one hundred percent loyalty, and non-existence of Trade Unions / Labour Unions and no strikes or ‘go-slow’ action by the employees