Software Circle plc
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Social Achievements
- The Group ensures that every consideration is given to applications of employment from disabled persons. If an employee became disabled, every effort would be made to offer suitable alternative employment within the Group and assistance with retraining.
Climate Goals & Targets
Environmental Challenges
- Decline in Nettl Systems business due to the administration of its major product supplier (WML) and wider macroeconomic uncertainty.
- WML administration created short-term challenges for Nettl, including deferred consideration write-downs, unpaid receivables, and lease liabilities.
Mitigation Strategies
- Nettl has largely overcome challenges by integrating replacement suppliers.
- Company agreed a full and final settlement of lease liabilities with the landlord for £0.6m.