UK Companies House feature
EXPANDING CIRCLE LTD
Cash
£6M
+18.3% vs 2023
Net assets
£6M
+8.3% vs 2023
Employees
60
+13.2% vs 2023
Profit before tax
-£7M
-7.6% vs 2023
Profile
- Company number
- 13115702
- Status
- Active
- Incorporation
- 2021-01-06
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Profit before tax
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2021-01-05 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | -£6,933,524 | -£7,463,931 | |
| Net profit | — | — | — | -£6,468,304 | -£6,983,118 | |
| Cash | — | — | — | £5,435,498 | £6,428,745 | |
| Total assets less current liabilities | — | — | — | £5,572,293 | £6,035,089 | |
| Net assets | — | — | — | — | — | |
| Equity | — | — | — | £5,572,293 | £6,035,089 | |
| Average employees | — | — | — | 53 | 60 | |
| Wages | — | — | — | — | £5,022,955 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared detailed, sensitised financial projections modelling both the core business of the company and its forecast growth. The company's core business is profitable and cash generating. The directors have, however, elected to take an accelerated growth strategy, supported by its shareholders. In so doing, it is likely that the company will seek additional equity funding in the next 12 months. The directors are confident that this will be achieved but having also modelled a less aggressive growth model also have a reasonable expectation that the company will have adequate resources to meet its debts as they fall due for a period of at least 12 months from the approval of these financial statements. Accordingly, they believe it is appropriate to continue to adopt the going concern basis in the preparation of these financial statements.”
Significant events
- “In 2024, the company achieved significant growth, with revenues increasing by 155% to £2.22 million (2023: £0.87 million). This growth was driven by a combination of new customer acquisitions and expansions within existing customer accounts.”
- “Looking ahead, the company plans to continue its investment in development of new product features, for example, by building decarbonisation scenario planning capabilities. The company also aims to continue growing it's international customer base, particularly in the United States.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHALMERS, George Thomas | Director | 2022-06-10 | Aug 1988 | British |
| HAMEED, Saif | Director | 2021-01-06 | Jun 1987 | British |
| SYKES, Toby | Director | 2022-05-30 | May 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saif Hameed | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2021-01-06 | Active |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-28 | SH01 | capital | capital allotment shares |
| 2026-01-21 | SH01 | capital | capital allotment shares |
| 2025-10-07 | SH01 | capital | capital allotment shares |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-07-09 | SH01 | capital | capital allotment shares |
| 2025-05-24 | SH01 | capital | capital allotment shares |
| 2025-05-20 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-03-25 | SH01 | capital | capital allotment shares |
| 2024-11-17 | RESOLUTIONS | resolution | resolution |
| 2024-11-17 | MA | incorporation | memorandum articles |
| 2024-11-08 | SH01 | capital | capital allotment shares |
| 2024-11-05 | SH01 | capital | capital allotment shares |
| 2024-09-27 | AA | accounts | accounts with accounts type total exemption full |
| 2024-07-27 | SH01 | capital | capital allotment shares |
| 2024-05-31 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-05-18 | SH01 | capital | capital allotment shares |
| 2024-04-06 | SH01 | capital | capital allotment shares |
| 2024-02-14 | SH01 | capital | capital allotment shares |
| 2024-01-23 | SH01 | capital | capital allotment shares |
| 2023-12-12 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory