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Phone: +44 (0)1904 415 415

Cyclops Group Brexit statement (IV)

Cyclops Group Brexit statement (IV)

, Cyclops Group Brexit statement (IV)

Issued: October 2020

Operational update

 

Cyclops group has robust plans in place for a variety of Brexit outcomes. Strategic Brexit planning has evolved over the last 2 years to incorporate the likelihood of several possible outcomes as well as a fully negotiated agreement. For this reason, the Business has been required to undertake a particularly extensive analysis of risk and therefore predicts no change to the essential service provided by Cyclops.

In the event of a no deal exit, the UK Government has detailed that “The trade you carry out with the EU will broadly follow the customs controls that apply for the rest of the world.” As a business that has traded internationally for many years, we have a wide variety of country specific trade processes in utilisation.

The most important element for undisrupted trade is the adoption and utilisation of a UK Economic Operator Registration and Identification number (EORI). This has been held by the Business for a number of years.

We have been working closely with our freight partners to ensure that they have sufficient plans in place to minimise any border disruption. We are entirely satisfied that all sensible precautions have been taken such as the recruitment of extra staff at the border. Furthermore, the Business operates from several worldwide locations and has a variety of re-deployment options available to it.

The Business continues to make adaptations as further information becomes available. The prioritisation of our customer service delivery is firmly entrenched in our Business model and we seek to reassure our customers of our proactive approach.

Should you wish to discuss this further, please do not hesitate to make contact.

David Yodaiken

Commercial Director

Davidy@cyclops-electronics.com

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