Registration Number
NI030990
Registered Address
Encirc Limited 11 Gortahurk Road Tonymore Derrylin Enniskillen Fermanagh BT92 9DD
Company Status
Active
Employee Count
1486
Turnover
£444,675,000
EBITDA
£57,168,000
Website
www.encirc360.com/Company Type
Private limited Company
Incorporated on
17 June 1996
Nature of Business (SIC)
23130 - Manufacture of hollow glass
32990 - Other manufacturing not elsewhere classified
Industries
0
Region
Northern Ireland£39,673,000
£351,007,000
Filed
12 Feb 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
70 days
Payment Periods
Shortest
0 days
Longest
90 days
Max Contractual
90 days
Not Paid Within Terms
15%
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 12 Feb 2024 | 70 | 10% | 31% | 59% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 72 | 11% | 26% | 63% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 73 | 10% | 27% | 63% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 73 | 10% | 25% | 65% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 73 | 9% | 25% | 65% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 72 | 9% | 27% | 64% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 71 | 11% | 26% | 63% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 72 | 10% | 27% | 63% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 69 | 11% | 29% | 60% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 64 | 9% | 49% | 42% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 63 | 8% | 47% | 45% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 65 | 8% | 43% | 49% | 15% |
ENCIRC LIMITED is a leading European glass container manufacturer, providing sustainable packaging solutions for the food and beverage industry
The company was founded in 1998 and is headquartered in Cheshire, United Kingdom
The company's main activity is the production of glass containers for various industries, including food and beverage, cosmetics, and pharmaceuticals
ENCIRC LIMITED has state-of-the-art manufacturing facilities in the UK, Ireland, and mainland Europe, producing over 8 billion glass containers annually
ENCIRC LIMITED is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using 100% recycled glass in its production process, reducing carbon emissions, and implementing energy-saving measures in its facilities
The company also offers lightweight glass containers to reduce the use of raw materials and transportation costs
The key people at ENCIRC LIMITED include Adrian Curry, the Managing Director, and John O'Connor, the Commercial Director
They lead a team of over 1,500 employees who are dedicated to providing high-quality and sustainable packaging solutions
Customers can contact ENCIRC LIMITED through their website, which also provides information on their products and services
The company's registered office address is located in Cheshire, UK
In summary, ENCIRC LIMITED is a European glass container manufacturer that prioritizes sustainability in its operations
With a wide range of packaging solutions and a commitment to reducing its environmental impact, the company is a leader in the industry
Led by a team of experienced professionals, ENCIRC LIMITED is dedicated to providing high-quality and sustainable packaging for its customers
The data shows a consistent trend of ENCIRC LIMITED taking longer to pay invoices over the years, with an average time to pay of 65 days in 2018 increasing to 73 days in 2024.
The data also shows some volatility in the percentage of invoices paid within 30 days, ranging from 8% to 11%, and the percentage of invoices paid later than 60 days, ranging from 45% to 65%.
From 2018 to 2024, there has been a slight decrease in the average time to pay invoices by ENCIRC LIMITED, with a decrease of 2 days. However, this decrease is not significant enough to indicate a trend towards early payment.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 90 days from date of invoice, payable on the 5th of the month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Supplier disputes or queries regarding any aspect of the payment process are dealt with by the Accounts Payable team in the first instance, with the assistance of the Procurement team if additional information is required. The resolution process aims to resolve all disputes in a prompt and collaborative manner. Disputes that require escalation are passed to senior management for resolution.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
✅
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
❌
