LogisticsMEET OUR Logistics TEAM
It’s easy to underestimate the importance of the logistics sector to the UK economy, here are some interesting statistics about the sector:
- It generates about 5% of UK GDP
- It employs 1.7 million people, or 6% of the UK workforce
- Every day, in order to keep the UK functioning, the logistics industry must deliver and collect around four million tonnes of goods
- The sector delivers 39.5 million letters every day and is essential for businesses to run smoothly
- It is involved in everything we make, buy and sell
So, what is logistics? Well, for us it includes the following activities:
- Freight forwarding
- Mail and courier
The sector, in common with many other sectors, is facing significant challenges including skills and labour shortages, how to cope with the increase in the demand for e-fulfilment, how to adapt to new technologies such as robotics and driverless vehicles, and what their business model should look like in a post Brexit world.
We understand the issues facing operators. Our logistics team works with both global and national companies in providing the following professional services:
- Strategy planning
- Mergers & acquisitions advice
- Market mapping
- Debt & equity raising
- Financial due diligence
- Financial modelling
The operation of VAT is one of the most complex tax issues that an international logistics business will face. The nature of global logistics raises questions of who is responsible for declaring and paying VAT, as well who is able to recover VAT – not to mention whether VAT is chargeable at all.
We work closely with our clients so that they understand their VAT obligations throughout the EU to ensure that they are compliant. And, with Brexit fast approaching, we ensure that those clients who are and will continue to be affected, are kept up to date so that they can make changes to their operations where necessary.
We provide a full range of audit and assurance services to the logistics sector. The team offers in-depth technical knowledge of UK and international reporting standards ensuring ongoing management support to clients. Where necessary we work with DFK International, one of the world’s leading international associations of independent accounting firms and business advisors which brings together strong national firms of public accountants to enable them to provide services of the highest professional standards to their clients.
We understand the intricacies of the logistics market and the supply chains which are involved within the industry. We discuss with our clients the main risks and how to overcome them when it comes to cross border transactions, supply chain management, asset purchases and staff utilisation.
CBW can help with the full range of HR services from a fully outsourced HR department suited to smaller businesses, to assistance with all aspects of people management and specific HR projects.
We understand the specific challenges faced by the Logistics sector, including health and safety and employee wellbeing, statutory requirements regarding driver licence checks and dismissals resulting from this statutory restriction. We also understand the staffing challenges in the sector and can assist you with staff engagement, retention techniques, management training, as well as recruitment.
We are fully authorised by the Office of the Immigration Services Commissioner to provide immigration advice, and can therefore advise on the best way to tackle staff shortages with international hires, securing a Sponsor Licence for your business and ensuring you staffing levels don’t suffer post Brexit. We also offer payroll services, complete with auto-enrolment set-ups and maintaining compliance.