If your business benefits from strong overseas customer relations, then the chances are you have used bonded storage before. Otherwise known as a customs warehouse, these offer a financially beneficial storage solution to businesses intending to export goods to other countries.
This service offers a multitude of benefits for your business – and at John K Philips, we have years of experience in both distribution and storage to support your logistics operations. Our sites comprise of 250,000 sq. ft of space, equipped with the most up to date system allowing us to track and trace every item that comes through, so you can be rest assured we’re taking care of it.
What is bonded storage?
Bonded storage gives businesses a secure place to hold goods whilst they deal with the logistical aspects of their operation. They can be beneficial in so many ways, which we will talk about today – but primarily they offer businesses the opportunity to store goods for export without paying import duty or VAT.
At John K Philips, we don’t just store your goods, we also handle the paperwork and much of the tracking for you – including informing HMRC when part of your stock has been shipped out. We are dedicated to providing our clients with the freedom to focus on what’s most important to them – whilst we handle the other stuff!
Five benefits of bonded storage for your business
1. No import duty on exported goods
When you store your goods with a bonded warehouse, you only pay VAT and duty on items that are shipped. For your business this means you can have better control over your finances, and it allows you to essentially benefit from duty free storage in-between shipments.
2. Long-term storage
You no longer need to worry about keeping your goods well-preserved during the storage process. In fact, at John K Philips we can keep hold of your items for as long as four years, or more depending on your requirements.
Not only is this highly convenient for you, but it also means you can benefit from our in-house quality assurance, ensuring we have the appropriate system in place to keep your goods preserved and ready for shipment as and when needed.
3. All-in-one solution
We understand how difficult it can be trying to keep on top of the various aspects of running a business. That’s why we aim to offer as many valuable services to our customers as possible, including part load haulage, track and trace as well as a range of warehousing options.
Experts in the transportation and logistics sector, we have over 40 years under our belts. So, when you choose us, you can be confident that your goods are in qualified hands.
4. Improved cash flow
If there are ways that you can improve your business margins whilst offering customers a fantastic service, then we’re all for it. Making use of a bonded warehouse is one such way that you can save the pennies whilst improving the logistics of your business – as not only is tax deferred on stored goods, but duty is not expected to be paid on re-exported goods.
For business owners, this can be a massive reduction on fees when it comes to the sale of goods.
5. Port-centric logistics
More often than not, warehouses in the UK are situated close to ports, allowing for excellent connections and the ability to store goods at the point of entry. Ideal for distribution, and access overall, at John K Philips, we are conveniently placed in St. Helens, close to Liverpool’s famous docks and central to the major airports across the Northwest.
For our customers, it means reduced lead times, reduced transportation time, and improved customer service for your clients.
Contact us today to benefit from our expert bonded warehousing
When it comes to offering a high-quality tailored solution few companies are as established as us. Our high security warehouses offer you peace of mind and reliability, whether you’re looking at a few months or a few years – so why not get in touch with us today to see how we can help?