Incredibly, with 18 days to go, there is still no clear idea of trading conditions in a post-Brexit world. Parliament will decide this week whether to accept or reject Theresa May’s deal with the EU, and if the deal is rejected Parliament will then decide whether to have a no-deal Brexit, whether to extend the negotiating period, or potentially whether there should be a second referendum.
A no-deal option basically throws trade with other countries into chaos with regards import and export taxes, and back in January – because Fighting 15s has to plan that far ahead – a short closure period for Fighting 15s looked like the only option. Back then, closing from 15 March to 15 April looked as if it would avoid most of the immediate tax issues and allow orders to customers in EU countries to be dealt with in time. The period from 15 March to 28 March was envisaged as a period where Fighting 15s would clear international orders first, then deal with domestic orders.
Ian booked holiday to escape some of the madness, so whatever happens this week in Parliament, Fighting 15s will close from 29 March to 15 April with just an appearance at Salute (6 April) on the Colonel Bill’s stand to show Fighting 15s is still active. The online shop will be shut during this closure period.
If this week Parliament decides to put back Brexit by, for example, two to three months, to allow more negotiating time, Fighting 15s will, of course, remain open up to and including 28 March and then work out the next planned Brexit closure period. [Update: The government didn’t act in time so as to guarantee more negotiating time, so Fighting 15s has kept to its temporary closure plan.]
Please note that Fighting 15s has not been, other than items to complete customers’ orders, ordering in new stock. Nic at Eureka and AB Figures has been busy completing our shipments that were ordered in November and December 2018 with the aim of them arriving before B-day (29 March). Fighting 15s is still expecting two consignments before then, and has two recent arrivals to unpack and sort that will bring some of the out of stock items back into stock. The reason Fighting 15s is not ordering new stock is simple: until any tariffs are known, it is madness to commit to buying stock at an unknown price and potentially selling it at a loss. As a result, Fighting 15s is not currently back-ordering items for customers’ orders if those items go out of stock. [Update: The draft tariffs were published on 13 March, and from the 1,478-page document it looks as if there will be no extra duty on imports of toy soldiers, so it will just be VAT on imports as is currently the case. But frankly, 13 March is a tiny bit late in the proceedings.]
Fighting 15s has a more than adequate supply of rubber moulding discs and casting metal to cover any immediate post-Brexit supply issues so there is no risk to the supply of our own ranges and of licensed castings. Fighting 15s is also financially secure enough to withstand a month of closure, so whatever happens this week Fighting 15s will definitely reopen, initially to UK customers, on 16 April.
This article will be updated when events this week in Parliament clarify what is happening.