Originally written by Victoria Brocklesby on Small Business
The subject of Brexit fills many with dread as we continue to talk about it ad nauseam. That said, one way or another, a decision will be made which will greatly influence how UK businesses operate moving forward. The impact will be huge.
How Brexit has affected my firm
From the moment the Brexit decision was announced, we knew that it was going to be a huge change for us. Roughly 50pc of the aluminium we buy is from Spain and Germany, while a large number of our workforce comes from Poland, Bulgaria and the Czech Republic. We are still continually working to assess the risks Brexit might throw at us and how we might mitigate them, in both the short and long term.
Initially, we introduced several safeguards to ensure our operations continued at the usual high standard. We invested heavily in relationships with our European suppliers, who agreed to extend our credit terms across the entire turbulent Brexit period. On top of this, more than £3.5 million of aluminium profile was stockpiled at our factory in High Wycombe, so that we would not be impacted if there is ever any border controversy. Additional support