CIRCET (UK) LIMITED
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Cash
£11m
-39.1% lowest in 3 filed years
Net assets
£152m
+102.5% highest in 3 filed years
Employees
1,275
+32.1% highest in 3 filed years
Profit before tax
£28m
+399.5% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £255,556,593 | £282,467,617 | £370,156,566 | +31% | |
| Operating profit | £7,032,715 | £6,862,813 | £9,680,464 | +41.1% | |
| Profit before tax | £5,036,347 | £5,652,490 | £28,236,355 | +399.5% | |
| Net profit | £3,882,930 | £4,153,167 | £25,215,414 | +507.1% | |
| Cash | £18,643,635 | £18,072,362 | £11,010,602 | -39.1% | |
| Total assets less current liabilities | £70,717,039 | £75,148,541 | £152,980,171 | +103.6% | |
| Net assets | £70,649,099 | £74,802,266 | £151,511,865 | +102.5% | |
| Equity | £70,649,099 | £74,802,266 | £151,511,865 | +102.5% | |
| Average employees | 867 | 965 | 1,275 | +32.1% | |
| Wages | £37,117,387 | £42,378,232 | £56,817,444 | +34.1% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.8% | 2.4% | 2.6% | |
| Net margin | 1.5% | 1.5% | 6.8% | |
| Return on capital employed | 9.9% | 9.1% | 6.3% | |
| Gearing (liabilities / total assets) | 53.5% | 50.3% | 39.0% | |
| Current ratio | 1.11x | 1.18x | 1.11x | |
| Interest cover | 3.44x | 2.50x | 2.96x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- CIRCET (UK) LIMITED 2022-02-04 → present
- KN NETWORK SERVICES LIMITED 2003-01-23 → 2022-02-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- CIRCET (UK) LIMITED · parent
- Circet Wireless Limited 100%
- Circet Home Limited 100%
- Kinetic IT Holdings Ltd 100%
Significant events
- “On 26 November 2025, the company acquired 100% of the share capital of Kinetic IT Holdings Ltd for a consideration of £77,961,767.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KELLY, Donagh | Secretary | 2005-04-07 | — | British |
| GALLAHER, Damien | Director | 2018-11-05 | Sep 1967 | Irish |
| KELLY, Donagh | Director | 2005-04-07 | Jun 1971 | Irish |
| O'KENNEDY, Eamonn | Director | 2018-11-05 | Dec 1972 | Irish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THEYDON SECRETARIES LIMITED | Corporate Secretary | 2003-01-23 | 2005-04-07 |
| THEYDON SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-01-23 | 2003-01-23 |
| CASSIDY, Mark Joseph | Director | 2007-01-01 | 2015-05-05 |
| CURRAN, Brian | Director | 2003-01-23 | 2018-11-05 |
| LAVALLOIR, Frank | Director | 2018-11-05 | 2019-04-12 |
| NAUGHTON, Thomas Martin | Director | 2005-04-07 | 2012-10-26 |
| THEYDON NOMINEES LIMITED | Corporate Nominee Director | 2003-01-23 | 2003-01-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Philippe Lamazou | Individual | Voting 50–75% | 2024-10-31 | Active |
| Anita Kelly | Individual | Shares 25–50%, Voting 25–50% | 2016-12-06 | Ceased 2018-11-11 |
| Donagh Kelly | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-11-05 |
| Kn Network Services Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-11-05 |
| Conall Murray | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-11-05 |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-25 MA Memorandum articles
- 2026-04-25 RESOLUTIONS Resolution
- 2026-03-07 RESOLUTIONS Resolution
- 2025-12-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type full | |
| 2026-06-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-25 | MA | incorporation | Memorandum articles | |
| 2026-04-25 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-20 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-01-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-09 | SH01 | capital | Capital allotment shares | |
| 2025-12-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-31 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | AD02 | address | Change sail address company with old address new address | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- 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.