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GWS Unveils New Bonded Warehouse Facility
Posted: May 31, 2024
Over 25% of the UK's seaborne trade flows through the Humber ports, underscoring their significance as a primary import gateway. The port of Immingham is the UK's largest port by tonnage.
Global Warehousing and Storage (GWS), located just a mile from Immingham Port, is thrilled to announce its new independent and reliable bonded warehouse solution, designed to offer comprehensive service to our clients.
In the past year, the UK imported goods worth over £890 billion, highlighting the critical role of dependable bonded warehousing in the nation's economy. With the integrated on-site customs expertise from GB Customs Clearance Ltd, GWS's ETSF (External Temporary Storage Facilities) ensures smoother importing processes for businesses.
Their new customs-bonded warehouse provides businesses with fully secure and accredited storage within minutes of goods arriving at the port.
What is Bonded Warehousing?
A bonded warehouse is a secure facility where goods liable for import duty and VAT charges can be stored. Customs and VAT duties can be deferred until the goods are sold or moved from the bonded warehouse.
Importers must adhere to specific rules and procedures. Utilising an independent customs bonded warehouse with on-site customs clearance agents offers significant advantages.
HMRC Compliant Warehousing
Regulating the movement of goods in and out of the country is crucial to prevent illegal activities such as smuggling and fraud. HMRC ensures businesses comply with customs formalities, enforces customs control, and collects revenue to facilitate smooth trade while minimising risks.
Your business must ensure all goods brought into the UK comply with HMRC regulations. A trustworthy bonded warehouse, like GWS, must prove compliance with HMRC guidelines. GWS has invested in partnerships, training, and facilities to offer businesses a fully compliant and secure bonded warehouse solution.
How a Bonded Warehouse Benefits You
GWS's 23-acre site offers flexible, fully secure storage with quick access to the UK's road network. Fully approved by HMRC and UKWA, GWS handles bonded goods in the UK. Here's how their team can help you with customs-bonded storage and benefit your business:
Manage Your Cash Flow
Effective cash flow management is crucial for any business. Bonded warehousing allows you to defer customs clearance and VAT charges for up to 90 days, giving you more working capital to invest elsewhere. You'll only pay import and VAT charges once you sell your product, giving you tighter control over your finances.
Improved Security
Security is vital in any warehouse provision, especially in bonded warehousing. High-value or desirable goods require high-security levels as part of the accreditation process. GWS's security gatehouse is manned 24/7 and has fully secure perimeter fencing, ensuring your stock is well protected until ready for movement.
Streamlined Customs Formalities
Without the relevant expertise, customs paperwork can be time-consuming and prone to errors. Mistakes in customs formalities can cause costly delays. Our bonded warehouse at GWS has integrated customs clearance experts to ensure the smooth passage of your goods.
Avoid Port Delays
Your supply chain depends on the swift movement of goods. Port delays can disrupt your business. Moving goods into a bonded warehouse lets you handle customs formalities later, avoiding potential port delays.
Manage Seasonal Sales
Strategic planning is crucial for importing goods, especially for businesses with seasonal sales patterns. GWS's bonded warehouse helps manage your inventory flow. Import goods early and defer import charges to stay on top of supply and demand and cope with seasonal fluctuations in stock movement.
Reliable Bonded Warehousing in Immingham
With over 30 years of experience in providing secure warehousing space, GWS ensures the smooth operation of your business. Their new bonded warehousing facility supports streamlined customs formalities with the experts at GB Customs Clearance LTD. Their experienced team in Immingham handles all necessary paperwork and documentation, allowing you to focus on running your business.
Located just a minute from the Port of Immingham, GWS's expansive site offers fast and efficient storage solutions. Their distribution centre can access 75% of the UK within 2 hours.
If your business relies on importing goods, Gws offers a reliable and efficient bonded warehouse solution you can trust. Contact GWS today to arrange a competitive quote.With extensive research and study, Simon passionately creates blogs on divergent topics. His writings are unique and utterly grasping owing to his dedication in researching for distinctive topics.