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Seacon Group News

Bonded Warehouse Status approved at Seacon (SG)

January 2020

We are delighted to announce that Seacon (SG) Ltd has been approved for Bonded Warehouse status by HMRC at our Tilbury facility.

Effective immediately, this approval allows us to offer Importers the chance to defer Import Duty and VAT Payments until the time the goods are sold, potentially providing significant cash-flow benefits to the Customer.

"The process was long and thorough so it is reassuring to know our systems, processes, and controls in place at Tela House met approval in accordance with the strict standards required by HMRC's trained officers during the application and audit process", said Martin Phillips, Commercial Director at Seacon (SG) Ltd.

"We welcome the opportunity this exciting development presents in further extending our long list of services, both to existing and potential new customers” Martin added.