Modern Slavery Act 2015

Modern slavery and humnan trafficking statement

Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person's liberty by another in order to exploit them for personal or commercial gain.

We are committed to improving our practices to combat slavery and human trafficking.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group's slavery and human trafficking statement for the financial year ending March 2019.

Organisational structure

Ricor Limited is a producer of metal pressings and welded assemblies to the automotive industry.

Ricor Limited has its head office based in Studley, Warwickshire and we have sites in West Bromwich, Poland and Slovakia. Ricor Limited employs around 300 people across the UK and European sites.

Ricor Limited has a global annual turnover of £50 million.

Our supply chains

Our supply chains include suppliers of raw materials such as steel and bought out parts, packaging, press tool manufacture, painting, consumable materials, etc. Around 95% of our suppliers are UK based or have UK based agents, 5% of our bought in parts are imported directly from within the EU.

Our policies on slavery and human trafficking

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business.

In light of the obligation to report on measures to ensure that all parts of our business and supply chain are slavery free we have put in place a designated Anti-Slavery and Human Trafficking Policy.

Our Anti-Slavery and Human Trafficking Policy demonstrates our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.

Due diligence processes for slavery and human trafficking

As part of our initiative to identify and mitigate risk we:

  • Ensure that our employees have a right to work in the UK, we require proof of ID on induction which normally requires the individual to provide their passport.
  • We ensure that the employee has a bank account in their own name to which their wages/salary is paid into.
  • Employees are given training in our policies and our Code of Conduct.

We have in place systems to:

  • Identify and assess potential risk areas in our supply chains.
  • Mitigate the risk of slavery and human trafficking occurring in our supply chains.
  • Monitor potential risk areas in our supply chains.
  • Protect whistle blowers.

Supplier adherence to our values

We have zero tolerance to slavery and human trafficking. To ensure all those in our supply chain and contractors comply with our values we have in place a supply chain compliance programme. We communicate our code of conduct, anti-bribery policy and anti-slavery and human trafficking policy to all our suppliers and inform them that we expect then to work in accordance with our polices and procedures, suppliers must then acknowledge this by signing and returning our Code of Conduct letter.

Supplier adherence to our values

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff. We also will require our business partners to provide training to their staff and suppliers and providers.

Brian Haigney
Managing Director
Date: 27/02/2019