EXPANDING CIRCLE LTD

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

• Turnover

  +154.9%

  £869,874 → £2,217,282

• Cash

  +18.3%

  £5,435,498 → £6,428,745

• Net assets

  +8.3%

  £5,572,293 → £6,035,089

• Employees

  +13.2%

  53 → 60

• Operating profit

  -7.5%

  -£6,981,431 → -£7,504,454

• Profit before tax

  -7.6%

  -£6,933,524 → -£7,463,931

• Wages

  +13.1%

  £4,442,845 → £5,022,955

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

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

Filings

7

last 12 months

Capital events

10

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.