Haulage, Air & Sea Freight Solutions
Seamlessly integrating logistics and Customs Clearance for efficient, end-to-end supply chain solutions.
BONDED WAREHOUSE STORAGE FACILITY
Here at Speed Drop, we see many companies looking to import stock who want to spread the cost of HMRC tax payments. The best way to do this is to make use of our bonded warehouses.
Businesses only pay VAT and duty on items they’re shipping for delivery, because HMRC expenses are linked to actual sales. Therefore, you don’t have to pay these fees in advance, helping to improve your company’s cash flow.
When your goods are collected from the port of entry and stored duty-free in our dedicated bonded warehouse, the duty only becomes payable once the stock leaves the premises and enters the UK market.
If you regularly work with international supply chains, then bonded warehousing could be the ideal temporary tax relief solution for you.
Our Services
At Speed Drop, we provide all the services you require in the logistics industry. We are specialists, in same & next day dedicated vehicle service. We also offer warehousing services such as pallet storage.
BONDED WAREHOUSE
Here at Speed Drop, we see many companies looking to import stock who want to spread the cost of HMRC tax payments. The best way to do this is to make use of bonded warehouses.
AIR FREIGHT
Air freight is the transportation of goods by air, typically using cargo planes or air cargo carriers. It is a fast and efficient way to move goods, particularly for long distances or when time is of the essence.
ROAD FREIGHT
Road freight refers to the transportation of goods by truck or other vehicles over a road network. It is a common mode of transportation for many businesses.
SEA FREIGHT
Sea freight, also known as ocean freight, refers to the transportation of goods by sea on ships. It is a common mode of transportation for shipping large quantities of goods over long distances.
INTERNATIONAL SERVICES
We provide international freight services, handling the logistics of transporting goods from one country to another. Our services include customs clearance, documentation, and meeting other necessary requirements.
Using a Bonded Warehouse
Businesses have the option to store their imports in a bonded warehouse instead of immediately declaring and paying duties. To do this, they need to register with a HMRC-approved bonded warehouse and place their goods into storage.
Bonded warehouse operators will always be prepared to assist their partners in storing their goods and will provide instructions for using their warehouse. Below are some common requirements for using a bonded warehouse.
How to Store Goods in a Bonded Warehouse
To store your goods in a bonded warehouse, complete the necessary documentation, such as a customs entry form, to declare your goods and their value. If the goods require excise duty to be paid, then a wet bonded warehouse will be required. Once you have declared your imported goods, you must send them to your chosen bonded warehouse within 5 days.
Once your goods arrive at the warehouse, they will be inspected and verified before being stored in a designated area. Remember to keep accurate records of your goods while they are in the bonded warehouse for easy tracking and retrieval.
Goods Stored in a Bonded Warehouse
Once your goods have been placed in the bonded warehouse, you can store them there as long as you continue to pay the storage and administration fees. This can be for years, during which time the warehouse staff will ensure that your goods are kept securely.
While your bonded goods are in storage, the warehouse must keep real-time stock of them, using an appropriate management system to maintain records and track duties owed. During this time, businesses can also monitor fluctuations in market demand and exchange rates, allowing businesses to remove their goods and sell them when the greatest revenue is guaranteed.
How to Take Goods out of a Bonded Warehouse
To retrieve your goods from a bonded warehouse, you should coordinate with warehouse staff for their release. Before distributing goods in the UK, you must complete a customs declaration and settle any charges that are due. Once you have fulfilled all the legal requirements, you can proceed with the process of taking your goods out of the warehouse.
After you and your warehouse have prepared the necessary paperwork, you will be able to collect your goods from the warehouse, either by arranging your own transportation or using the services provided by the warehouse. Many bonded warehouses also operate their own logistics service, making UK distribution even more seamless.
MODERN & TRUSTED LOGISTICS COMPANY
As a Logistics provider, we play a vital role in the overall supply chain process. Speed Drop continues to evolve and stay ahead of the ever-increasing fast-past supply chain environment.
Flexibility, cost saving, value-added service, and most importantly efficiency is what we want our customers to encounter. We tailor to your requirements. Fully covering your goods by our insurance.
Meeting the needs of all our customers is what we aim for at Speed Drop. From small vans to HGVs, we operate a fleet of vehicles to accommodate all kinds of haulage requirements. All our vehicles are under 3 years old and our drivers are DBS checked and committed to ensuring that our customers are fully satisfied with the service they are provided with. We can provide you with regular updates telling you where the driver is with your goods and the ETA of your delivery. All the goods we carry for our customers are insured under Speed Drop insurance.
We Can Solve Any Problem
Bonded Warehouse
Here at Speed Drop, we see many companies looking to import stock who want to spread the cost of HMRC tax payments. The best way to do this is to make use of bonded warehouses.
INTERNATIONAL SERVICES
We that provide international freight services handle the logistics of transporting goods from one country to another, including customs clearance, documentation, and other requirements.
Road Freight
Road freight refers to the transportation of goods by truck or other vehicles over a road network. It is a common mode of transportation for many businesses.
Air Freight
Air freight is the transportation of goods by air, typically using cargo planes or air cargo carriers. It is a fast and efficient way to move goods, particularly for long distances or when time is of the essence.
Sea Freight
Sea freight, also known as ocean freight, refers to the transportation of goods by sea on ships. It is a common mode of transportation for shipping large quantities of goods over long distances.
Why Use a Bonded Warehouse?
Real-Time Consignment Tracking
Thanks to our cutting-edge administration and logistics software, alongside an advanced barcode tracking system, John K. Philips can provide constant updates on the status of your consignments and stock levels. Our real-time tracking enables our team and your business to stay on top of things.
We can almost instantly pinpoint the location of specific goods through their unique barcode, cleverly keeping tabs on your stock from the initial import to final delivery. This enables your organisation to benefit from seamless management and accurate planning for distribution.
No matter how big or small the consignment, we can keep it secure until it’s ready for transport, ensuring that your HMRC paperwork is also up to date and fully compliant with legal regulations.
Bonded Storage and Distribution Solutions
Not only do we provide customs warehouse services at John K. Philips, but we also provide a selection of transport and distribution services throughout the UK and Europe. Why not combine the two and run your business more smoothly than ever with the help of our advanced logistics technology and modern fleet of haulage vehicles?
We’re experts at accommodating all kinds of consignments and have built a thriving distribution network across the country and beyond, enabling us to help people like you with both thorough administration and timely deliveries. Our integrated logistics services can even accommodate hazardous chemicals and related goods that are difficult to transport.
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