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20 October 2020

Cyclops Group Brexit statement (IV)

Cyclops Group Brexit statement (IV)

Issued: October 2020

bexit

 

Operational update

 

Cyclops group has robust plans in place for a variety of Brexit outcomes. Strategic Brexit planning has evolved over the last 2 years to incorporate the likelihood of several possible outcomes as well as a fully negotiated agreement. For this reason, the Business has been required to undertake a particularly extensive analysis of risk and therefore predicts no change to the essential service provided by Cyclops.

In the event of a no deal exit, the UK Government has detailed that “The trade you carry out with the EU will broadly follow the customs controls that apply for the rest of the world.” As a business that has traded internationally for many years, we have a wide variety of country specific trade processes in utilisation.

The most important element for undisrupted trade is the adoption and utilisation of a UK Economic Operator Registration and Identification number (EORI). This has been held by the Business for a number of years.

We have been working closely with our freight partners to ensure that they have sufficient plans in place to minimise any border disruption. We are entirely satisfied that all sensible precautions have been taken such as the recruitment of extra staff at the border. Furthermore, the Business operates from several worldwide locations and has a variety of re-deployment options available to it.

The Business continues to make adaptations as further information becomes available. The prioritisation of our customer service delivery is firmly entrenched in our Business model and we seek to reassure our customers of our proactive approach.

 

Should you wish to discuss this further, please do not hesitate to make contact.

David Yodaiken

Commercial Director

Davidy@cyclops-electronics.com

Tags: brexit strategic plans cyclops group


17 June 2015

25 Years of Cyclops

We are celebrating our 25th anniversary this year and couldn’t be happier to have reached this great milestone. The company has undergone many changes and achieved a great deal over the years – take a trip down memory lane with us....

1990 – Company Started

All those years ago, Cyclops Electronics started out as a small electronic component sourcing and distribution company. Founded by a dynamic entrepreneur, the company literally started in the spare room but soon left those humble beginnings and went on to achieve great things...

1993 - Moves to York

Originally starting out in Scotland, the company moved to its current home in the beautiful city of York. Though perhaps better known for chocolate, York was ideal for Cyclops Electronics as it is a great location and provided lots of scope to grow.

1996 – Achieved ISO Certification

This was a fantastic achievement for the company. It strengthened our commitment to quality assurance and is something that we are still proud to hold today.

1998 – Cyclops House Built

This is our current home and the purpose built facility combines offices with warehouse space, allowing us to order, store, package and ship your electronic components quickly and securely.

1998 – Trading Specialists Created

After 8 years of Cyclops we wanted to offer a solution to all the excess component issues we realised our customers were facing. Thus Trading Specialists was born; the place to go if you have excess or obsolete components you want to get rid of! www.trading-specialists.com

2002 – GSS Created

We realised that our customers wanted more from their component distributors so we created a supply chain management solution. Originally known as Unit 8, the company was renamed Global Supply Services and the team will help you with all supply chain issues. www.globalsupplyservices.com

2010 – Daniel Josefsson Acquired (Renamed DJ Assembly)

Wanting to offer a full service we took over the PCB Assembly company Daniel Josefsson, later renamed DJ Assembly. Having our own purpose built manufacturing facility lets us offer so much more to our customers, including PCBA, Box Build and EMS. www.djassembly.com

2013 – AS9120 Achieved

This is a great accreditation to have and allows us to offer greater commitment to all our customers, particularly those in the aerospace, military and defence industries.

2015 – 25th Anniversary

And here we are, 25 years later. After seeing a lot of changes in the industry as a whole and within the company, we feel proud to be here at this stage. We have grown from a small start up into a company with real global presence; Cyclops has 8 worldwide offices, including Canada, USA and Italy. The future is looking good and here’s to the next 25 (and beyond!)

Tags: cyclops electronics cyclops group


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Cyclops Electronics Ltd, Reg. No. SC128862, VAT No. GB561633447

Registered Office: Allan House, 25 Bothwell Street, Glasgow G2 6NL

(Registered in the United Kingdom)

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