encirc limited

encirc limited Company Information

Share ENCIRC LIMITED
Live 
MatureMegaHigh

Company Number

NI030990

Industry

Other manufacturing n.e.c.

 

Manufacture of hollow glass

 

Shareholders

inverberia sociedad de promocion de empresas s.a.

inverbeira uk limited

Group Structure

View All

Contact

Registered Address

encirc limited, 11 gortahurk road, enniskillen, fermanagh, BT92 9DD

encirc limited Estimated Valuation

£576.2m

Pomanda estimates the enterprise value of ENCIRC LIMITED at £576.2m based on a Turnover of £601.6m and 0.96x industry multiple (adjusted for size and gross margin).

encirc limited Estimated Valuation

£681.3m

Pomanda estimates the enterprise value of ENCIRC LIMITED at £681.3m based on an EBITDA of £97.3m and a 7x industry multiple (adjusted for size and gross margin).

encirc limited Estimated Valuation

£868.5m

Pomanda estimates the enterprise value of ENCIRC LIMITED at £868.5m based on Net Assets of £384.5m and 2.26x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Encirc Limited Overview

Encirc Limited is a live company located in enniskillen, BT92 9DD with a Companies House number of NI030990. It operates in the manufacture of hollow glass sector, SIC Code 23130. Founded in June 1996, it's largest shareholder is inverberia sociedad de promocion de empresas s.a. with a 98.6% stake. Encirc Limited is a mature, mega sized company, Pomanda has estimated its turnover at £601.6m with high growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Encirc Limited Health Check

Pomanda's financial health check has awarded Encirc Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £601.6m, make it larger than the average company (£48.1m)

£601.6m - Encirc Limited

£48.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.9%)

21% - Encirc Limited

7.9% - Industry AVG

production

Production

with a gross margin of 15.6%, this company has a higher cost of product (24.5%)

15.6% - Encirc Limited

24.5% - Industry AVG

profitability

Profitability

an operating margin of 9.7% make it more profitable than the average company (6.9%)

9.7% - Encirc Limited

6.9% - Industry AVG

employees

Employees

with 1908 employees, this is above the industry average (161)

1908 - Encirc Limited

161 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.3k, the company has a higher pay structure (£43.7k)

£54.3k - Encirc Limited

£43.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £315.3k, this is more efficient (£243.6k)

£315.3k - Encirc Limited

£243.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (49 days)

66 days - Encirc Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 87 days, this is slower than average (55 days)

87 days - Encirc Limited

55 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 70 days, this is in line with average (71 days)

70 days - Encirc Limited

71 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)

13 weeks - Encirc Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 40.9%, this is a similar level of debt than the average (42.3%)

40.9% - Encirc Limited

42.3% - Industry AVG

ENCIRC LIMITED financials

EXPORTms excel logo

Encirc Limited's latest turnover from December 2023 is £601.6 million and the company has net assets of £384.5 million. According to their latest financial statements, Encirc Limited has 1,908 employees and maintains cash reserves of £47.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover601,617,000444,675,000360,195,000335,667,000326,959,000313,288,000285,582,000265,889,000241,027,000245,451,000236,769,000236,594,000211,224,000209,345,000205,963,000
Other Income Or Grants000000000000000
Cost Of Sales507,856,000398,204,000286,138,000261,347,000272,963,000266,148,000240,609,000228,594,000214,228,000213,065,000186,975,000190,013,000175,831,000171,169,000145,307,000
Gross Profit93,761,00046,471,00074,057,00074,320,00053,996,00047,140,00044,973,00037,295,00026,799,00032,386,00049,794,00046,581,00035,393,00038,176,00060,656,000
Admin Expenses35,687,00023,243,00019,383,00018,734,00017,472,0009,714,00017,843,00013,246,00011,636,00014,618,00030,810,00027,076,00036,171,00036,462,00022,570,000
Operating Profit58,074,00023,228,00054,674,00055,586,00036,524,00037,426,00027,130,00024,049,00015,163,00017,768,00018,984,00019,505,000-778,0001,714,00038,086,000
Interest Payable2,329,000270,000213,000246,000325,00033,000195,0001,542,0005,240,00015,654,00016,594,00016,493,0002,795,000673,0001,663,000
Interest Receivable820,000577,000290,000216,000411,000288,00054,00094,000102,000214,000378,000335,000000
Pre-Tax Profit58,613,00026,922,00055,498,00058,564,00039,602,00040,635,00036,613,000-3,102,00030,992,0002,328,0002,768,0003,347,000-3,573,0001,041,00036,423,000
Tax-11,975,000-5,149,000-16,016,000-12,135,000-7,213,000-7,575,000-4,869,0001,162,000-5,481,000-66,0002,322,0003,233,0005,813,000-746,000-8,471,000
Profit After Tax46,638,00021,773,00039,482,00046,429,00032,389,00033,060,00031,744,000-1,940,00025,511,0002,262,0005,090,0006,580,0002,240,000295,00027,952,000
Dividends Paid35,377,000056,575,00014,289,00021,075,00052,964,00014,167,00057,507,0000000000
Retained Profit11,261,00021,773,000-17,093,00032,140,00011,314,000-19,904,00017,577,000-59,447,00025,511,0002,262,0005,090,0006,580,0002,240,000295,00027,952,000
Employee Costs103,601,00079,071,00067,664,00065,305,00062,315,00058,852,00055,996,00050,371,00051,308,00048,536,00043,277,00038,085,00035,983,00035,781,00032,792,000
Number Of Employees1,9081,4861,3561,3381,3291,2711,2071,1861,1831,1891,1661,0961,0591,0911,039
EBITDA*97,311,00057,150,00088,175,00084,778,00067,926,00066,239,00053,862,00051,367,00041,366,00044,588,00041,785,00041,845,00021,354,00026,101,00058,931,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets312,573,000291,323,000303,815,000308,965,000275,944,000264,519,000263,544,000265,039,000275,031,000287,114,000337,977,000348,923,000359,030,000373,248,000390,221,000
Intangible Assets71,780,00023,110,00011,431,0009,256,0009,144,0009,253,0003,356,0002,193,000180,000342,00000000
Investments & Other2,077,0001,908,0000000000000000
Debtors (Due After 1 year)00000000001,009,0001,688,0006,124,00000
Total Fixed Assets386,430,000316,341,000315,246,000318,221,000285,088,000273,772,000266,900,000267,232,000275,211,000287,456,000338,986,000350,611,000365,154,000373,248,000390,221,000
Stock & work in progress98,708,00081,063,00049,128,00048,271,00062,479,00064,130,00071,438,00066,827,00065,936,00065,670,00059,512,00055,226,00059,429,00049,336,00047,852,000
Trade Debtors109,136,00094,519,00076,555,00068,940,00071,561,00074,568,00066,784,00069,413,00059,368,00039,286,00047,869,00043,047,00048,156,00036,728,00036,377,000
Group Debtors346,00024,329,00010,010,0009,700,00012,749,00002,361,00010,00013,165,0002,881,000128,0003,0001,770,00021,075,0001,226,000
Misc Debtors8,975,0007,548,0006,391,0004,567,000953,000640,0002,432,0003,980,0003,176,0003,492,0002,241,0001,506,0002,049,000517,0001,139,000
Cash47,167,00039,673,00028,421,00024,627,00019,243,00014,777,00024,132,0003,089,0009,078,00016,761,00016,490,00012,133,0005,929,0009,169,00010,449,000
misc current assets000000000000000
total current assets264,332,000247,132,000170,505,000156,105,000166,985,000154,115,000167,147,000143,319,000150,723,000128,090,000126,240,000111,915,000117,333,000116,825,00097,043,000
total assets650,762,000563,473,000485,751,000474,326,000452,073,000427,887,000434,047,000410,551,000425,934,000415,546,000465,226,000462,526,000482,487,000490,073,000487,264,000
Bank overdraft0000305,00001,306,0002,894,0000000000
Bank loan000000000000000
Trade Creditors 121,810,000105,673,00067,760,00052,462,00056,816,00048,247,00042,777,00034,709,00020,072,00017,571,00020,340,00012,675,00013,337,00011,480,00016,294,000
Group/Directors Accounts4,262,0000458,0002,289,0004,615,0009,256,00005,087,0001,368,000530,0001,882,0004,684,0002,697,00013,026,0003,221,000
other short term finances0000794,000490,000000000000
hp & lease commitments3,284,00065,00063,000442,000493,000619,000633,000563,000272,000232,00075,0009,000000
other current liabilities56,113,00046,896,00034,530,00028,732,00033,383,00024,141,00024,806,00023,239,00027,092,00025,338,00020,739,00020,170,00016,407,00014,842,00011,733,000
total current liabilities185,469,000152,634,000102,811,00083,925,00096,406,00082,753,00069,522,00066,492,00048,804,00043,671,00043,036,00037,538,00032,441,00039,348,00031,248,000
loans00000000258,562,0000296,284,000301,102,000328,529,000324,611,000329,920,000
hp & lease commitments34,697,000633,00000447,000853,0001,471,0001,349,000620,0000322,00046,000000
Accruals and Deferred Income3,272,0003,777,0004,282,0004,723,0005,228,0006,253,0007,279,0008,302,0009,325,000000000
other liabilities9,199,000613,000674,000735,000857,000980,000980,000980,000980,000293,189,00000000
provisions33,657,00032,397,00027,733,00017,434,00014,780,00014,003,00010,612,0006,832,0006,523,0002,927,00002,322,0005,555,00011,368,00010,622,000
total long term liabilities80,825,00037,420,00033,839,00025,848,00023,620,00024,067,00022,798,00020,190,000277,175,000297,403,000296,606,000303,470,000334,084,000335,979,000340,542,000
total liabilities266,294,000190,054,000136,650,000109,773,000120,026,000106,820,00092,320,00086,682,000325,979,000341,074,000339,642,000341,008,000366,525,000375,327,000371,790,000
net assets384,468,000373,419,000349,101,000364,553,000332,047,000321,067,000341,727,000323,869,00099,955,00074,472,000125,584,000121,518,000115,962,000114,746,000115,474,000
total shareholders funds384,468,000373,419,000349,101,000364,553,000332,047,000321,067,000341,727,000323,869,00099,955,00074,472,000125,584,000121,518,000115,962,000114,746,000115,474,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit58,074,00023,228,00054,674,00055,586,00036,524,00037,426,00027,130,00024,049,00015,163,00017,768,00018,984,00019,505,000-778,0001,714,00038,086,000
Depreciation33,958,00031,824,00031,807,00027,640,00030,812,00028,564,00025,709,00026,295,00025,180,00026,820,00022,801,00022,340,00022,132,00024,387,00020,845,000
Amortisation5,279,0002,098,0001,694,0001,552,000590,000249,0001,023,0001,023,0001,023,000000000
Tax-11,975,000-5,149,000-16,016,000-12,135,000-7,213,000-7,575,000-4,869,0001,162,000-5,481,000-66,0002,322,0003,233,0005,813,000-746,000-8,471,000
Stock17,645,00031,935,000857,000-14,208,000-1,651,000-7,308,0004,611,000891,000266,0006,158,0004,286,000-4,203,00010,093,0001,484,00047,852,000
Debtors-7,939,00033,440,0009,749,000-2,056,00010,055,0003,631,000-1,826,000-2,306,00030,050,000-5,588,0005,003,000-11,855,000-221,00019,578,00038,742,000
Creditors16,137,00037,913,00015,298,000-4,354,0008,569,0005,470,0008,068,00014,637,0002,501,000-2,769,0007,665,000-662,0001,857,000-4,814,00016,294,000
Accruals and Deferred Income8,712,00011,861,0005,357,000-5,156,0008,217,000-1,691,000544,000-4,876,00011,079,0004,599,000569,0003,763,0001,565,0003,109,00011,733,000
Deferred Taxes & Provisions1,260,0004,664,00010,299,0002,654,000777,0003,391,0003,780,000309,0003,596,0002,927,000-2,322,000-3,233,000-5,813,000746,00010,622,000
Cash flow from operations101,739,00041,064,00092,507,00082,051,00069,872,00069,511,00058,600,00064,014,00022,745,00048,709,00040,730,00061,004,00014,904,0003,334,0002,515,000
Investing Activities
capital expenditure-109,157,000-33,109,000-30,526,000-62,325,000-42,718,000-35,685,000-26,400,000-19,339,000-13,958,00023,701,000-11,855,000-12,233,000-7,914,000-7,414,000-411,066,000
Change in Investments169,0001,908,0000000000000000
cash flow from investments-109,326,000-35,017,000-30,526,000-62,325,000-42,718,000-35,685,000-26,400,000-19,339,000-13,958,00023,701,000-11,855,000-12,233,000-7,914,000-7,414,000-411,066,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts4,262,000-458,000-1,831,000-2,326,000-4,641,0009,256,000-5,087,0003,719,000838,000-1,352,000-2,802,0001,987,000-10,329,0009,805,0003,221,000
Other Short Term Loans 000-794,000304,000490,000000000000
Long term loans0000000-258,562,000258,562,000-296,284,000-4,818,000-27,427,0003,918,000-5,309,000329,920,000
Hire Purchase and Lease Commitments37,283,000635,000-379,000-498,000-532,000-632,000192,0001,020,000660,000-165,000342,00055,000000
other long term liabilities8,586,000-61,000-61,000-122,000-123,000000-292,209,000293,189,00000000
share issue-212,0002,545,0001,641,000366,000-334,000-756,000281,000283,361,000-28,000-53,374,000-1,024,000-1,024,000-1,024,000-1,023,00087,522,000
interest-1,509,000307,00077,000-30,00086,000255,000-141,000-1,448,000-5,138,000-15,440,000-16,216,000-16,158,000-2,795,000-673,000-1,663,000
cash flow from financing48,410,0002,968,000-553,000-3,404,000-5,240,0008,613,000-4,755,00028,090,000-37,315,000-73,426,000-24,518,000-42,567,000-10,230,0002,800,000419,000,000
cash and cash equivalents
cash7,494,00011,252,0003,794,0005,384,0004,466,000-9,355,00021,043,000-5,989,000-7,683,000271,0004,357,0006,204,000-3,240,000-1,280,00010,449,000
overdraft000-305,000305,000-1,306,000-1,588,0002,894,0000000000
change in cash7,494,00011,252,0003,794,0005,689,0004,161,000-8,049,00022,631,000-8,883,000-7,683,000271,0004,357,0006,204,000-3,240,000-1,280,00010,449,000

encirc limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for encirc limited. Get real-time insights into encirc limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Encirc Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for encirc limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in BT92 area or any other competitors across 12 key performance metrics.

encirc limited Ownership

ENCIRC LIMITED group structure

Encirc Limited has no subsidiary companies.

Ultimate parent company

VIDRALA SA

#0022171

INVERBEIRA SOC. DE PROMOCION DE EMPESAS

#0044863

2 parents

ENCIRC LIMITED

NI030990

ENCIRC LIMITED Shareholders

inverberia sociedad de promocion de empresas s.a. 98.61%
inverbeira uk limited 1.39%

encirc limited directors

Encirc Limited currently has 3 directors. The longest serving directors include Mr Raul Gomez Merino (Jan 2015) and Mr Carlos Delclaux Zulueta (Jan 2015).

officercountryagestartendrole
Mr Raul Gomez MerinoNorthern Ireland49 years Jan 2015- Director
Mr Carlos Delclaux ZuluetaNorthern Ireland68 years Jan 2015- Director
Mr Sean Murphy52 years Mar 2019- Director

P&L

December 2023

turnover

601.6m

+35%

operating profit

58.1m

+150%

gross margin

15.6%

+49.13%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

384.5m

+0.03%

total assets

650.8m

+0.15%

cash

47.2m

+0.19%

net assets

Total assets minus all liabilities

encirc limited company details

company number

NI030990

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

23130 - Manufacture of hollow glass

incorporation date

June 1996

age

28

incorporated

UK

ultimate parent company

VIDRALA SA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

quinn glass limited (May 2014)

bovean limited (July 1996)

accountant

-

auditor

ERNST & YOUNG LLP

address

encirc limited, 11 gortahurk road, enniskillen, fermanagh, BT92 9DD

Bank

HSBC BANK PLC

Legal Advisor

PINSENT MASONS

encirc limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 22 charges/mortgages relating to encirc limited. Currently there are 0 open charges and 22 have been satisfied in the past.

charges

encirc limited Companies House Filings - See Documents

datedescriptionview/download