What is Bonded Storage?

At Magnavale, we have extensive experience handling imported food products including goods that are held in bonded storage. Our bonded cold stores, located across the UK, provide secure HMRC-approved storage for businesses importing goods.

At Magnavale, we have extensive experience handling imported food products including goods that are held in bonded storage. Our bonded cold stores, located across the UK, provide secure HMRC-approved storage for businesses importing goods.

What is Bonded Storage?

Bonded storage is popular for businesses importing goods because no import duty has to be paid until the goods are sold onwards. For the period where the stock is in bonded storage and does not enter the UK market, the items can be exempt from duty and VAT charges. Once stock leaves the bonded store and enters circulation, the duty and VAT must be paid.

Types of Bonded Storage – Wet Bonded Warehousing & Dry Bonded Warehousing

There are two types of bonded storage facilities – wet bonded warehouses able to store tobacco and alcohol, and dry bonded warehouses for everything other than alcohol or tobacco.

Bonded Warehousing for Beer and Wine

Bonded warehousing is particularly useful for businesses handling alcoholic beverages like beer and wine. We have four BRC-certified facilities across the UK that can accept wine and beer for bonded storage, strategically located near key transport routes such as the M1, A1, and M6 for efficient onward distribution.

Midland-Based Bonded Cold Stores

Not all cold stores are bonded. To become a bonded warehouse, the facility must be verified by HMRC. Currently, all our cold stores, which are based in Chesterfield, Easton, Warrington, and Scunthorpe, are HMRC-approved bonded cold stores.

As well as providing cold storage, our facilities offer various export-related services such as container loading/unloading and pallet inversion.

Contact Us

If you require bonded warehousing or any other export/import services, such as container processing, please contact us.