Mission and Vision

Mission and Vision

Proud to be recognised as a world-renowned technology giant and a market leader in Turkey, we make it our mission to excel in every sector that we enter. Continuously investing in research and development, we strive to build on our success, making the highest quality solutions accessible for an ever-growing number of customers throughout the EMEA and beyond.

To stay on course and become the most powerful production and technology group in the world, we know that we must achieve sustainable development, and that we can only do so by focusing our efforts on the creation of leading-edge consumer products

Research and Development

Research and Development

One of the first companies to have its R&D department officially accredited as an “R&D Center” by the Ministry of Science, Industry and Technology, Vestel has become world-renowned for its capacity to turn knowledge into technology and technology into cutting-edge product solutions. Operating within a set model for sustainable growth, Vestel continues to develop investments with local as well as international partners, drawing on the company’s cutting-edge technological resource as well as the expertise of over 900 R&D engineers, who are each committed to Vestel’s innovation-oriented philosophy.

Zorlu Group

Zorlu Group

Constantly adding value to society thanks to its successful and pioneering activities, Zorlu Group drives many leading-edge projects across multiple sectors, developing innovation for textiles, white goods and information technology industries as well as the energy and real estate markets.

Today, with 57 companies and approximately 23 thousand employees, Zorlu Holding is working for the future of Turkey as well as quality of life for its citizens.

Vestel Group

Vestel Group

Comprised of 24 companies, the Vestel Group is a multi-industry manufacturer, which operates in electronics, household appliances, mobile technologies, LED lighting and defence. Testimony to the global importance of Zorlu Holding across multiple technology sectors, Vestel is not only thriving at home in Turkey with its 12 companies, but also through a further 14 businesses that have been set up in various other parts of the world.

Originally founded in 1984, Vestel has grown from strength to strength, realizing its global potential after joining the Zorlu Group in 1994. Having rapidly accumulated market share, Vestel has attained global significance thanks to its flourishing export activity and enormous production capacity.

In 2014 alone, Vestel received more than 66 of the most prestigious design awards.

Quality Certificates

Quality Certificates

Corroborating the company’s commitment to meeting industry-leading standards and criteria for quality management, Vestel Ticaret A.Ş was awarded the ISO 9001 quality standard accreditation by the Turkish Standard Institute in 1993.

 Integral to the establishment of a successful total quality management process, this voluntary compliance to the ISO 9001 system affords Vestel a significant competitive advantage, enabling the company to meet customer’s ever-changing requirements and to ensure that quality can be improved continuously. Recognizing the overall importance of quality management to the economy and to quality of life, Vestel is proud of its on-going commitment to enhancing quality control.

2017 Awards

    • Plus X Award for High Quality, Design, Ease of Use and Functionality

      VENUS Z10 Smart Phone, High Glass TV Stand

    • Plus X Award for High Quality, Design and Functionality

      Space Age Settop box Rolls Set Top Box

    • Plus X Award for Innovation, Hight Quality and Design

      SylphTV

    • Best Product of The Year

      Vega Settop box Rolls Settop box High Glass TV Stand
      Vestel 98” 8K UHD TV 55” Curved OLED TV

    • Best Design Brand of the Year 2016-2017

      in Telecommunication Product Group

    • Most Innovative Brand of The Year 2017

      in Telecommunication Product Group

    • REDDOT Design Award

      Envo Electric Vehicle Charger

2016 Awards

    • Gold A Design Award

      Swing 65” Uhd TV

    • Silver A Design Award

      Vdrop 55” Uhd Tv
      Twin Tower 65” Uhd Tv
      Venus Leo Smartphone
      Venus Vega 5,7” Smartphone

    • Plus X Award for Design and Ease of Use:2

      RC 49100

    • Plus X Award for High Quality and Ease of Use:2
    • Plus X Award for High Quality, Design and Ease of Use:12

      REYS Smart Phone
      XX400 LED TV
      XX405 LED TV

    • Plus X Award for Innovation, High Quality, Design and Ease of Use:12

      55” FLAT OLED
      55” CURVED OLED

    • Plus X Award for Innovation, High Quality, Design, Ease of Use and Functionality:5
    • DESIGN TURKEY

      RC 39100
      Envo Elektric Vehicle Charger
      XX320 Curve LED TV V3DYNO

    • Good Design Product Award

      LINEA OLED DESIGN

Vestel UK 2017 Tax Strategy

Vestel UK Limited is one of 18 subsidiaries of Vestel, parent company in Turkey.

The principle activity of Vestel UK Limited is to market, promote, service and distribute branded products to the Consumer Electronics and Major Domestic Applıances marketplaces within the UK and Europe. Brands include Sharp and Toshiba, sold under licensing agreements, as well as those of Vestel Group and retailers.

In compliance with paragraphs 19 and 25 of Schedule 19 to the Finance Act 2016, the company is publishing its tax strategy for the year ending 31 December 2017.

Our Tax Strategy

Vestel UK Ltd is committed to complying with UK tax legislation and have identified risk areas in Corporation Tax, PAYE, NIC and VAT. Responsible persons have been appointed to these areas of Tax compliance. Regular meetings are held to review new compliance and ensure knowledge is up to date. Systems, controls and processes are monitored to aid the policing of this area.

Risk management & governance arrangement

Risk management is a critical element of Vestel UK’s everyday business activities and takes place at all levels of our organisation.

Vestel UK is committed to compliance with tax law and practice in the UK. Compliance for us means paying the right amount of tax in the right place at the right time.

Vestel UK Limited seek assistance from external professionals and tax specialists to mitigate risks.

  • We have a monthly compliance review to check due dates for payment and filing deadlines.
  • We have developed a system to capture relevant financial data accurately to mitigate any risk.
  • We educate staff on issues of compliance and try to adhere to tax legislations on a prompt basis.
  • We seek help from external professionals in specialist tax areas and have timely communication with them to resolve any unclear issues.
  • We take immediate remedial actions when we find any errors/mistakes and have a control system is in place to prevent further occurrences.
  • We encourage staff to draw attention to any issues/uncertainties and take the relevant measurements to resolve the issues.
  • We proactively plan our workloads in order to perform on a timely basis reducing the risk of mistakes/errors, which will add value to all stakeholders.
Attitude towards tax planning and level of risk

We manage risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.

Our attitude towards tax planning is to be aligned with our business strategy and disclose relevant facts to relevant tax authorities.

We will not put in place any arrangements that are contrived or artificial where the sole purpose of which is to reduce UK tax.

Relationship with HMRC

Vestel UK Ltd seek to ensure that our engagement with HMRC is proactive, transparent, open and honest and is conducted in a co-operative manner. We aim to communicate promptly with HMRC by responding/taking actions or seeking advice either directly or via agents. We would seek to contact HMRC for any clearance issues in a timely and professional manner.

VESTEL UK Ltd. Modern Slavery Act Transparency Statement

  1. INTRODUCTION

    Vestel UK Limited is committed to ensuring that its business and supply chains are free from slavery and human trafficking.

    Section 54 of the Modern Slavery Act 2015 ("MSA") places a legal requirement on large businesses such as Vestel UK Limited to publish an annual statement of the steps that the organisation has taken during the previous financial year to ensure that modern slavery (including human trafficking) is not taking place in its business or supply chain. This statement is made pursuant to the MSA for the financial year ending 31 December 2016.

  2. ORGANISATIONAL STRUCTURE AND SUPPLY CHAINS
    1. Our organisation

      Vestel UK Limited is a reseller of electrical goods, including televisions, household appliances (such as white goods), cooking appliances, professional displays and LED lights in the durable consumer and business to business goods sectors.

      We are part of the Vestel Group of Companies (the "Group") and our ultimate parent company is Vestel Ticaret A.S., which has its head office in Turkey. The Group has approximately 15,000 employees worldwide and operates in 13 countries.

      We have an annual worldwide turnover of €271,000,000. The Group has an annual worldwide turnover of $3,155,000,000.

      The Group's business is organised into 13 business locations, each of which services the respective country in which it operates. Vestel UK Limited operates from one main location, Vestel House, 1 Waterside Drive, Langley, Berkshire, England SL3 6EZ.

    2. Our supply chains

      Our parent company, Vestel Ticaret A.S., supplies us with the goods we sell, the large majority of which are manufactured by Vestel Ticaret A.S. in Turkey, the remainder being imported on our behalf by Vestel Ticaret A.S. from Thailand and China. Overall, we procure goods and services from close to 400 suppliers based in 18 countries. The goods and services we procure include those relating to advertising, marketing, translation, hosting, legal, professional, distribution, packaging, repairs, cleaning, site maintenance, security and catering.

      We also outsource services including our payroll, office cleaning, after sales call centres and repair facilities to a handful of providers in the UK and EU countries.

      We store and distribute our goods through third-party warehouses. A forwarding company arranges on our behalf customs clearance and goods despatch.

  3. OUR POLICIES

    As part of Vestel UK Limited 's commitment to ensuring that our business and supply chain are slavery-free, we will be implementing a Modern Slavery Policy and a Supplier Code of Conduct. Everyone who works for Vestel UK Limited will be obliged to comply with the Modern Slavery Policy. All our first-tier suppliers will be required to accept contractual obligations to comply with our Supplier Code of Conduct and to oblige suppliers who supply them with goods/services to do so.

  4. RISK MONITORING AND COMPLIANCE

    As part of our initiative to identify and address risks of slavery in our supply chain we:

    • Review relationships with our suppliers from time to time.
    • Only engage workers from reputable employment agencies and professional bodies and always undertake identification and other checks (passport, eligibility to work and former employment reference checks) before accepting a worker.
    • Visit Vestel Ticaret A.S.'s manufacturing facilities with our customers from time to time for general inspection and audit.
  5. NEXT STEPS

    Following a review of the effectiveness of the steps we have taken to date to ensure that there is no slavery or human trafficking in our business or supply chains, we intend to take the following further steps to combat slavery and human trafficking:

    1. Finalise our Modern Slavery Policy and Supplier Code of Conduct and communicate these to all our employees, suppliers and customers, as applicable;
    2. Extend our employee handbook to include the Modern Slavery Policy and Supplier Code of Conduct;
    3. Ensure appropriate training/refreshers are provided to all members of staff.

SIGNED
MATTHEW LANG
MANAGING DIRECTOR, VESTEL UK LTD.