Due to our rapid growth over the last 12 months, Espace have been making waves in the press. Read this extract from an article in the Express and Star:
Freight forwarding company Espace Europe has taken on 10 people over the previous 18 months – as well as an apprentice – and is set to recruit again as it continues to grow.
“Our plan is to turnover £9 million this year and £10m next year; doubling our figure of £5m in 2017,” explained Lichfield-based Espace’s managing director Tony Shally.
It follows his decision in September 2017 to transfer 100 per cent of the shares of his company to his staff, making his then team of 17 the sole beneficiaries via an Employee Ownership Trust.
“Since the transfer, turnover has increased, the team has swelled to 27, profits have increased by 35 per cent, additional premises have been secured, and three new services are now offered to our clients. And importantly, staff engagement and motivation levels are at an all-time high. Our people are at the centre of Espace and they understand what customers want,” said Mr Shally.
The employee ownership model caught the attention of Solihull-based freight company, Westhaven Worldwide Logistics, which liked the concept so much, they sold their business to Espace in June 2018 and transferred their three employees to Espace’s Lichfield office.
“The switch to employee ownership and the purchase of WWL has been a ‘win win’ for everyone. My loyal staff are helping me to develop Espace into the Midland’s ‘go-to’ company for commercial freight delivery on a national, European and global scale. I couldn’t be happier with my decision to leave my company to them,” said Mr Shally.
To read more visit the Express and Star website here
In the event of a no deal Brexit the UK government have announced they will introduce Postponed VAT Accounting (PVA) for both EU and non-EU imports by UK registered businesses.
This will enable VAT registered businesses to declare and recover import VAT on their VAT returns, rather than having to pay it upfront and subsequently recover it on their VAT return.
How will this work?
Registration will not be required for importers to use PVA. The intention to use PVA for an import will be declared on the customs entry.
This will come into effect from Day 1 of a no deal Brexit, however it will be optional. VAT can still be paid upfront if an importer wishes to do so.
What statements will be issued?
C79 VAT certificates will not be issued for goods declared using PVA. Instead a monthly postponed import VAT statement will be made available for importers via the government digital service.
This statement will indicate the total VAT postponed for the previous month in order to declare this on the quarterly VAT return.
PVA currently does not exist in the UK. More details on this service will be published by the government in due course.
Other VAT deferral methods.
The currently allows two systems for import VAT deferral (standard deferral and SIVA).
SIVA (Simplified Import VAT Accounting) requires a lower level of financial security than standard import VAT deferral. We therefore suggest importers seek SIVA approval first. VAT registered businesses can apply for SIVA online
Need more help on Brexit?
For more information on how the UK’s attempts to leave the EU will affect your business visit our Brexit Import & Export Guide.
Whilst most imports bans make a whole lot of sense when it comes to things like weapons and drugs. Other import bans can be a little harder to understand and come across as somewhat bizarre. Below are a few of the bizarre import bans from around the globe.
Chewing Gum Is Not Allowed in Singapore
People who are found to be with chewing gum face fines of up to $100,000 (SGD) and a prison sentence.
Banned Baby Walkers in Canada
Canadians caught with baby walkers or caught selling baby walkers can face fines up to $100,000 (CAD).
Haggis Banned in The United States
Since 1971 haggis is illegal to import in the US. Sheep’s lungs, a key ingredient of haggis is banned by America’s food standards agency.
Lightbulbs in Australia and Cuba
Incandescent lightbulbs are banned in Australia after a law was passed in 2007. Similarly, Cuba banned all import of the lightbulbs in 2005.
Fancy Dress Masks in Saudi Arabia
Due to the movie ‘V’ for Vendetta Saudi Arabia in 2013 have banned Guy Fawkes’ masks. The mask became a popular way for protesters to protest and retain their anonymity.
Technology has changed the way we work in such short period of time; for the most part for the better. Technologies like GPS mapping have helped drivers create more efficient routes which have allowed drivers to make deliveries on-time.
However, the introduction of new technologies presents new hurdles for companies. There are a number of barriers when introducing a new technology such as:
- People Fight Change – Whenever, a new technology is introduced there is always a bit of animosity. This animosity can be caused by the fear of the unknown; it is important that people are given a good standard of training and information to combat the animosity.
- Data Security – It would be ignorant to believe that any digital system is invulnerable to cyber-attacks. The problems cyber-attacks can cause can be seen recently with the notorious WannaCry ransomware which crippled large organisations like the NHS.
Technology presents a great opportunity for the freight industry; But, it is clear that the more jobs we digitalise increase the risks of a cyber-attack which can cause disruption which costs companies millions.
Skills shortages and the aging workforce
There is a growing concern within the freight industry that there are too few young people entering the industry. In 2017, the FTA reported that the average age of HGV drivers rose to 48.3. It is inevitable that as the workforce grow older and start to retire, employers will have a void to fill. It is important that the FTA and employers make the industry look appealing to the younger generations in order to fill in the gaps.
Currently, the FTA is looking to combat this by campaigning for reform in the training process to make it easier to train new workers with less restriction.
UK international connectivity
It is important to invest in the UK’s transport infrastructure. For the UK that we can trade with Europe and the rest of the world without delays and other burdens being imposed. There are three sections in which need improvement such as:
- Air Cargo – According to the FTA, About 40 percent of UK imports and exports by value are dependent on on-air freight. Air freight to long-haul destinations is mainly carried in cargo holds of passenger aircraft flying in and out of Heathrow Airport. There is a limited cargo capacity which has stalled air freight.
- Deep sea cargo and short sea shipping – UK ports will need to accommodate for the new mega-vessels which are being developed so that cargo can be trans-shipped in the UK rather than in the EU where there will be a longer and more expensive passage to the UK.
It is important now, post-Brexit, that our infrastructure is well invested so that as a nation we do not get left behind.
Finding the best freight forwarder isn’t hard if you know what to look out for. There are a few key points to look out for:
It’s important that you are clear on what actually is a freight forwarder and what they do? This will help you understand whether a freight forwarder offers the services which will benefit you.
Whilst most freight forwarders are able to transport almost any type of good to almost anywhere in the world. It is important to find the freight forwarders speciality and determine whether their speciality will benefit you. For example, here at Espace, we specialise in transporting goods in and out of Europe.
The reputation of a freight forwarder is important. Here you are able to determine whether they are really the real deal. You are able to gauge whether they have a good reputation through the testimonials they receive.
Most freight forwarders offer prices online. The best thing to keep in mind when it comes to comparing prices is that the cheapest is not always the best.
With freight forwarders, you are not only paying for the shipping services but just as importantly you are paying for the personal service. A sign of a great freight forwarder is whenever you ring up you should always be attended to.
Driverless trucks are the future which is coming ever closer. Driver-less cars are starting to gain traction. It’s inevitable that in the next 20 years we will see the technology move onto trucks. This technology will have an impact on everyone some more than others. But overall will driver-less truck add positivity to our society?
What are the positives?
The main positive of driver-less trucks is their efficiency. These trucks will need no breaks. They also are able to drive more efficiently which will save petrol when compared to a human driver. Also, through the better driving efficiency, this will have an impact on emissions. Emissions will decrease which is important for an industry which is criticized for the large amount emissions it produces.
Cost savings is a positive since labor currently accounts for an estimated 35% to 45% of operating costs of road freight in Europe. This will lead to lower prices for customers.
Also, a driver-less truck may solve an issue that the industry may face in the future. A lot of truckers are in their later periods of their career. This would be okay but very little younger men and women are becoming truck drivers. This technology has the potential to solve this problem.
What are the negatives?
Driverless trucks will have an impact on the current truck drivers, they will become redundant. There are around 285,000 HGV drivers in the UK. For all of these drivers being made redundant by machines would be an economic disaster for the UK. The support in place for displaced workers would not be able to handle the number of displaced workers.
Another risk is having computers involved with trucks opens up security risks which could enable hackers to cause damage.
Although the technology will bring such benefits to society, we cannot forget the 285,000 truck drivers who could lose their job as a result of this. The best way to introducing this, one would think, is by slowly introducing it to the point where over time the trucks take over from the retiring truck drivers. Doing it this way it will reduce the number of redundancies.