Just a query1 Feb 2021 15:49
In a past life we traded plywood from all over the World. Group stocks around £10 million.
One season I recall we had about £1 million of Brazilian plywood landed in inventory and another £1 million on water, imminent UK ports. Replacement cost prices fell by over 20% due to low demand from USA and weak container rates. Our year end required us to adjust the inventory value by writing down stock on the books. If we were a client of Syme how would that work ? K