Bank Of England Visits Dalepak

Date 14/12/2006

The 14th December 2006 capped off a great year for Dalepak with a visit from the Governor of the Bank of England, Mervyn King.
The Governor visited the head office of Dalepak Limited and met with Managing Director Mick White and several members of his team.

The Governor and others on the Bank's Monetary Policy Committee each make several visits to the regions during the year to get a first-hand impression of the economy to help them in their interest rate decision-making. Meeting business and industry, both individually, as with Dalepak, and through business groups, enables the Committee to see through the statistics and on to the real world.

"It really is such a prestigious honour to have Mr King visit us" said Mick, "It is a very proud day for me and such a good way to end the biggest year that our company has had."

It has certainly been an eventful year for Dalepak, securing two long term contracts with luxury lifestyle brand Molton Brown. The contracts for the Hotel, Travel and Leisure division and the Retail and Online division include storing, picking and despatching up to 3,000 orders a week to locations all over the world, whilst also enabling Molton Brown to track the status of all orders using the new "Stock Online" system, giving 24 hour access to Dalepak's stock control database.

The company also expanded into a fifth warehouse on the Brackmills Industrial Estate as demand increased. "We opened the doors on the Monday, and by the Friday we'd unloaded over 20 containers into it, and then a further 26 the following week" said Mick.

Earlier in the year, Dalepak also invested in a new IT System allowing a direct link to HM Customs for its Bonded Warehousing and Customs Freight Simplified Procedure (CFSP) service. The system now allows Dalepak to make its declarations direct rather than through a third party as was the case previously, which increases the capacity of the service to the customers and reduces administration.

"More and more goods are being imported from the Far East, and our Bonded Warehousing service helps companies with that. Customers can import their goods and defer their duty and VAT payments. The goods are cleared directly to us, but they only pay the applicable duty and VAT when the goods are actually dispatched rather than at the port. It can be a big benefit to a company's cash flow," says Mick.

"We're always looking for good working relationships with potential new customers and hopefully we can develop more in 2007!"

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