Magnum Bonded Warehousing
Magnum Bonded Warehousing has been created in an area that is thriving with massive governmental investment. There are innumerable benefits of using a bonded warehouse, with the main one being a lot more flexibility and improvement with your cash flow.
Find out more about what we do
Find out what bonded warehouse is
Why should you invest in Teesside?
Find out our contact information
What is a bonded warehouse ?
A bonded warehouse is a secure space in which goods liable to import duty and VAT are stored. There will be a deferment for customs duty and VAT payments on these items until the goods are sold or removed from the bonded warehouse.
Why should you invest in Teesside ?
There are a number of reasons to invest in the Teesside area, but it can be argued that the main one is due to the fact that the Tees Valley in general was one of the first places to be given Freeport status. The Teesside Freeport is the largest in the country, which is remarkable in itself, and it was created with a view to producing 18,000 employment opportunities via a £3.2billion investment in the local economy over a 5-year period.