EXPANDING CIRCLE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-31 (this month)
Last made up 2025-05-17
Watchouts
None on the register
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
Profit before tax
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2024-11-17 RESOLUTIONS Resolution
- 2024-11-17 MA Memorandum articles
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 10
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+18.3%
£5,435,498 £6,428,745
-
Net assets
—
Not reported
-
Employees
+13.2%
53 60
-
Profit before tax
-7.6%
-£6,933,524 -£7,463,931
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers