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Cooksongold Brexit Statement

Cooksongold Brexit Statement 

 

Whilst the final details of a new trade agreement with the EU are not in place yet we are assuming WTO terms will be applied, this may be updated once more information is available. We have spent considerable time reviewing the various issues we may be forced to address and are happy to share the following business plans to mitigate any impact on our customers. 

We are working towards a Brexit on January 31st 2020 followed by a transition period with us trading on new terms from 1st January 2021.

 

 


 

    • We are applying for AEO status in order to facilitate easy customs passage. We have carried out a full administrative review of all our products we stock in order to ensure that tariff codes are updated and our documentation meets all requirements. 

    • We have worked with our delivery couriers to achieve paperless export and to be able to offer a DPD service to manage payment of the duty. There may be a restriction on which carriers can be used. 

    • We have previously increased our stock holding by more than £1 million to cater for any increase in demand or cover any supply chain issues. We are currently increasing our inventory levels again through to the end of 2020.

    •  We have set up a multi-disciplinary management team to implement solutions to any issues that may arise.

    • We have adopted the use of the International Convention Mark in addition to UK standard hallmarks.

    • We are unable to predict possible delays whilst clearing customs but we are in discussions with our carriers about how best to deal with this. 

    • We would encourage customers to order as early as possible and ensure they have EORI status where applicable. 

    • We remain committed to all our international customers and will look to deal with any issues as they arise.

     


    Information provided in the statement reflects the current Brexit position Cooksongold is working towards. Any changes will be reflected in this statement. 

    Date: 1st November 2020

 

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© 2020 Cookson Precious Metals Ltd. VAT Registration No. GB161 8062 21. Registered in England no. 2775187. Registered Office: 59-83 Vittoria Street, Birmingham, B1 3NZ
Tel: 0345 100 1122 or 0121 200 2120 Fax: 0121 212 6456