Faculty meals supplier Compass stated it may change its menus and use various elements because it turned the newest firm to announce contingency plans for a no-deal Brexit state of affairs.



The FTSE 100 group, which is the world’s largest catering agency, stated it was prepared to begin stockpiling elements if wanted whereas it additionally had issues over the influence on hundreds of EU nationals in its British workforce.


Compass serves tens of millions of meals a yr to highschool youngsters as a part of its UK operations.


Its British division solely represents a tenth of the general enterprise however chief government Dominic Blakemore stated the potential risk from Brexit was “severe”.


Compass revealed particulars of its no-deal preparations on the identical day as contingency plans have been additionally set out by electrical items retailer AO World and Electrocomponents.


It got here as Financial institution of England governor Mark Carney raised the spectre of a shock to the financial system on a scale not seen for the reason that 1970s if there is no such thing as a deal.





Dominic Blakemore was an internal appointment at Compass. Pic: Compass

Picture:

Compass boss Dominic Blakemore stated the corporate was prepared to begin stockpiling elements if wanted



Mr Blakemore described Theresa Might’s draft Brexit settlement as “higher than no deal”, including to the raft of enterprise voices backing the embattled Prime Minister’s plan – together with Rolls-Royce, Aston Martin and Airbus.


He stated the corporate had contingency plans to begin stockpiling and substituting with various elements if mandatory.


He stated this might occur “steadily over time” ought to the prospect of no deal change into extra probably because the 29 March 2019 date approaches.


“We want to enhance some inventories the place applicable, but in addition be versatile across the menus.”


It got here as Compass reported a 2.6% fall in pre-tax income to £1.5bn for the yr to 30 September, after taking successful from the weaker pound.


Additionally on Tuesday, on-line electrical items retailer AO World stated it might need to extend inventory ranges within the occasion of any friction within the provide chain that Brexit could trigger.


In the meantime, industrial distribution firm Electrocomponents stated it deliberate to take a position £30m in stock as a part of its plans to mitigate the potential influence of Britain’s departure from the EU.


Different firms which have revealed stockpiling plans embrace engine maker Rolls-Royce and Mr Kipling maker Premier Meals.


Companies are anxious that a sudden finish of frictionless commerce with the continent may trigger delays at ports and threaten the well timed supply of elements and elements.




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