Case Study: Importing goods from the EU
McClures is a Cumbrian-based, family-run wholesale food supplier with 1,200 customers across Cumbria, Lancashire and North Yorkshire. With 6,000 lines of produce, it makes thousands of deliveries every year.
Financial Controller at McClures, Duncan Rose, says: “Brexit really is the great unknown. We have been stockpiling for a while now, but it is the uncertainty of how much to have in reserve. This, of course then has an impact on your cash flow. We don’t know with any real certainty what the future tariffs will be, but we know they are coming along with extra documentation in the case of a ‘no deal’. We supply a lot of fresh fruit and veg, and that’s a big worry for all of us, as it has such a short shelf life.
“On the upside, Brexit may open up new import markets from around the world. Our preparation has included writing to all our customers and canvassing all our suppliers in December 2018 and again in August 2019 to see what steps they have taken. With our supplier base and stockpiling, we are happy that we can continue to operate as normal a service as possible.”
“Our advice is to get an EORI (Economic Operator Registration and Identification) number and a TSP (Transitional Simplified Procedures) number, as both are needed to move goods in and out of the EU. Also determine how you will handle your customs and excise documentation from now on – either invest in software or consider outsourcing.”