Brexit Statement 18 Jan 2019
As a UK manufacturer, with customers in over 90 countries worldwide, Kentec Electronics Ltd has been carefully preparing for Brexit, whatever the outcome Deal or No Deal. We have endeavored and sought to protect our customers from any eventuality and supply without interruption or concern.
Being a UK manufacturer and not an assembler, it has always been important for us to source from within the UK wherever possible and over recent months Kentec has met regularly with all suppliers to discuss everything Brexit! – Supply and shipping of all materials.
Over 90% of materials are purchased from within the UK, the remainder are generally procured outside the EU. However, as well as Kentec increasing its stock holding of materials considerably, our suppliers have increased theirs too, including substantial increases on their buffer stocks solely for Kentec use in their warehouses. We have secured and forward ordered with all our suppliers for the next 18 months and have firm commitments that they are also supporting our business and our customers.
Where our suppliers have their warehouses in the EU, many are already prepared by having in place a HMRC and local certified guaranteed fast track custom clearance route to avoid any shipping delays.Most of our sales are UK and Non-EU. Although customers from the EU are important and growing for us, we are encouraging our customers within the EU to look at stock levels and working to minimise impact.
Although much will be determined by the outcome of the UK Governments decision, Kentec Electronics Ltd has put in place a secure and robust plan to ensure our customers are not affected.
We believe we are prepared as much as possible and continue to monitor all government announcements closely.