Blue Sky Intermodal (UK) Ltd.
The directors of the company are required to act in accordance with their duty as laid out in section 172 of the UK Companies Act 2006, to promote the success of the company for the benefit of its shareholders as a whole. As part of this duty, the directors are required to have regard to:
- The likely consequences of any decision in the long term
- The interests of the company’s employees
- The need to foster the company’s business relationships with suppliers, customers and others
- The impact of the company’s operations on the community and the environment
- The desirability of the company maintaining a reputation for high standards of business conduct
- The need to act fairly as between members of the company.
The following paragraphs summarise how the directors have satisfied these duties in respect of the year ended 31 December 2020.
The directors hold regular board meetings to consider the company’s strategy and direction over the long term. The company continues to diversify its revenue streams and customer base within the container industry therefore reducing risk. The company has an exposure to foreign exchange risk of the USD/GBP currencies and consistently monitors this, hedging for up to 15 months ahead as required. The company also holds regular credit committee meetings to assess the credit worthiness of customers, agreeing exposure increases or decreases as required. The company maintains customer default and secondary third party liability insurance at levels agreed when the policy is reviewed annually.
The employees of the company are considered an integral part of our success. The directors endeavour to ensure that open lines of communication are available throughout the company to maintain a shared information culture. The company operates with a flat structure to minimise administration and to allow for greater communication at all levels to enhance decision making speed and to ensure decisions are made based on all available information at the time. The company operates a discretionary bonus scheme to ensure that employee motivations are aligned with the direction of the company. Most employees have been working from home since March 2020 in line with the government Covid guidelines and it is anticipated that this practice will continue for much of 2021.
We pride ourselves on maintaining strong and flexible global relationships with our customers, investors, financiers and suppliers which have been built up over many years; this is a key focus for the company at all levels.
Community and environment
The company endeavours to keep its environmental footprint small and engage with local charities to bring a positive impact to our local community.
The values of the company to behave with integrity and honesty are shared among all employees and considered whenever any business transaction is agreed.
All shareholders of the company are represented on the board of directors and are given an opportunity to influence the strategic and operational decisions of the company at board meetings or on a day to day basis as required.