Envelope and packaging producer Encore Group has seen sales and profits rise after a year of investments.
The North East- based business – the UK’s largest independent manufacturer of printed envelopes – has published accounts for the year ended November 2023, showing turnover rose from £49.4m to £55.6m, and operating profit increased from £6.04m to £7.15m. Overall profit for the year, meanwhile, rose from £4.99m to £5.47m.
Recent years have seen strong growth for the Hertburn Industrial Estate company, having increased its market share after acquiring Leeds-based Great Northern Envelope Company Limited (GNE) out of administration in February 2018, three years after buying up a UK subsidiary of Spanish competitor Tompla Envelopes.
Growing demand has led to the business needing more space so, earlier this year, the group snapped up a 103,000sq ft unit in Peterlee, on the site of the former Walkers Crisps distribution centre.
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