UK Companies House feature
SHOP CIRCLE LTD
Cash
£11M
+160% vs 2022
Net assets
£22M
+126.2% vs 2022
Employees
11
+22.2% vs 2022
Profit before tax
-£6M
-5.9% vs 2022
Profile
- Company number
- 13338218
- Status
- Active
- Incorporation
- 2021-04-15
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2023-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £1,526,662 | — | |
| Operating profit | — | -£5,009,802 | -£6,566,685 | |
| Profit before tax | — | -£5,895,800 | -£6,240,964 | |
| Net profit | — | -£5,895,800 | -£6,240,964 | |
| Cash | — | £4,042,911 | £10,512,390 | |
| Total assets less current liabilities | — | £9,873,615 | £22,426,929 | |
| Net assets | — | £9,873,615 | £22,334,894 | |
| Equity | £8,145,575 | £9,873,615 | £22,334,894 | |
| Average employees | — | 9 | 11 | |
| Wages | — | — | — |
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
- Consolidated (group)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group's financial statements for the year ended 31 December 2024 have been prepared on a going-concern basis. The directors have considered the Group's forecasts and cash flows, the level of cash resources at year-end, and access to committed financing facilities. Having made appropriate enquiries and regard being had to post-year-end actions undertaken to strengthen liquidity, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Subsidiaries
- Shop Circle Holdings Ltd · 100% held · United Kingdom · App owner
- Opinew Ltd. · 100% held · Scotland · App owner
- Code Black Belt S.L.U. · 100% held · Spain · App owner
- Corknine Development Ltd · 100% held · Canada · App owner
- Feli E-Commerce B.V. · 100% held · Netherlands · App owner
- Shop Circle BH d.o.o. · 100% held · Bosnia and Herzogovina · Group service provider
- Shop Circle Italy SRL · 100% held · Italy · Group service provider
- Tagger App Ltd. · 100% held · United Kingdom · Dormant
Significant events
- “In January 2025, the Group acquired 100% of the share capital of Fiftypoint6 Group Limited (UK).”
- “In August 2025, the Group acquired 100% shares in KrakenD (a fully-fledged open-source API gateway and the reference stateless API gateway), a company registered in Spain.”
- “In February 2025, the Group amended its senior secured loan facility with Westmount Group LLC (180 Capital), increasing the total commitment from $65 million to $85 million and extending the maturity date to 31 December 2026.”
- “In November 2025, the Group amended its senior secured loan facility with Westmount Group LLC (180 Capital), increasing the total commitment from $85 million to $100 million and extending the maturity date to 31 December 2027.”
- “In June 2025 the Company completed a Series B1 equity funding round, raising approximately US$30.0 million.”
- “On 30 September 2025 Tagger App Ltd, a dormant wholly owned subsidiary, was dissolved by voluntary strike-off.”
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
6 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2021-11-11 | — | — |
| CARTECHINI, Luca, Mr. | Director | 2021-04-15 | Nov 1992 | Italian |
| FLINT, Peter David Clucas | Director | 2021-12-17 | Jul 1974 | British,American |
| GRAMONDI, Gian Maria | Director | 2021-04-15 | Apr 1993 | Italian |
| LONOCE, Federico | Director | 2024-07-18 | Mar 1986 | Italian |
| OZDALGA, Yusuf | Director | 2022-06-22 | May 1975 | Swedish |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Gian Maria Gramondi | Individual | Shares 25–50%, Voting 25–50% | 2021-04-15 | Ceased 2023-04-24 |
| Mr. Luca Cartechini | Individual | Shares 25–50%, Voting 25–50% | 2021-04-15 | Ceased 2023-04-24 |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-04-23 | RESOLUTIONS | resolution | resolution |
| 2026-04-23 | RESOLUTIONS | resolution | resolution |
| 2026-01-06 | AA | accounts | accounts with accounts type group |
| 2025-10-09 | MA | incorporation | memorandum articles |
| 2025-10-03 | RESOLUTIONS | resolution | resolution |
| 2025-10-01 | SH01 | capital | capital allotment shares |
| 2025-08-28 | SH01 | capital | capital allotment shares |
| 2025-08-27 | SH01 | capital | capital allotment shares |
| 2025-08-21 | RESOLUTIONS | resolution | resolution |
| 2025-08-21 | MA | incorporation | memorandum articles |
| 2025-04-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-04-23 | CH01 | officers | change person director company with change date |
| 2025-04-16 | SH01 | capital | capital allotment shares |
| 2024-10-08 | AA | accounts | accounts with accounts type total exemption full |
| 2024-10-07 | SH01 | capital | capital allotment shares |
| 2024-09-05 | RP04AP01 | officers | second filing of director appointment with name |
| 2024-08-09 | SH01 | capital | capital allotment shares |
| 2024-07-25 | SH01 | capital | capital allotment shares |
| 2024-07-25 | MA | incorporation | memorandum articles |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
20.83
SAFE
Altman Z″
- Working capital / Total assets 0.915 × 6.56 = +6.01
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.277 × 6.72 = -1.86
- Book equity / Total liabilities 15.887 × 1.05 = +16.68
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory