Future is sealed at Encore Envelopes
Posted on the 21 July 2015
Washington-based Encore Envelopes has this week announced an increase in sales of £1million to £28.4million for the 12 months to the end of November, with profit before tax of £921,000.
The company, which was named as the North East Business Awards 2015 manufacturer of the year in Durham and Wearside, is the UK’s largest independently-owned printed envelope manufacturer and, combined with its sister company Encore Packaging Solutions, produces more than one quarter of all UK mail delivered by Royal Mail each year.
With ambitious plans for growth on the horizon, Encore Envelope’s managing director, Russell Croisdale, said in light of an increasingly competitive industry, the privately-owned firm is pleased with performance: “We are operating in a very competitive market place where volumes have continued to fall, yet we have increased both turnover and market share.
“2014 saw the acquisition of a UK subsidiary of Spanish competitor Tompla Envelopes, with production shifting from Europe to the North East making Encore the largest producer of printed envelopes in the UK and securing the future of our 230 strong Washington workforce. What is encouraging is that our underlying net profit for the year is very much in line with the previous year when you strip out the exceptional costs resulting from the takeover.”
2015 will see Encore continue to invest heavily in both its envelope business and its sister packaging business, Encore Packaging Solutions, as the firm expands further into the postal delivery product sector. As part of its investment strategy, Encore’s dedicated packaging division will relocate to larger factory and warehouse facilities this summer.
Russell added: “With sales continuing to grow, the time is now right to relocate our packaging business into larger dedicated premises and we are looking forward to unveiling our new facilities this summer. Our ongoing investment will also see us create a number of new jobs in the region as we further grow our workforce to meet increased demands in outputs.”
Encore produces envelopes and packaging for businesses throughout the UK including print management companies, automotive companies and retail giants such as Tesco, and has won a number of global awards for its print processing.
For more details please visit: www.encoreenvelopes.co.uk