EXPANDING CIRCLE LTD
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Cash
£1.3m
-79.6% vs 2024
Net assets
£581k
-90.4% lowest in 5 filed years
Employees
51
-15% vs 2024
Profit before tax
-£6.4m
+14.4% highest in 3 filed years
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £869,874 | £2,217,282 | £3,595,115 | +62.1% | |
| Operating profit | — | — | -£6,981,431 | -£7,504,454 | -£6,439,263 | +14.2% | |
| Profit before tax | — | — | -£6,933,524 | -£7,463,931 | -£6,385,865 | +14.4% | |
| Net profit | — | -£4,154,596 | -£6,468,304 | -£6,983,118 | -£5,664,861 | +18.9% | |
| Cash | £460,172 | £7,347,976 | £5,435,498 | £6,428,745 | £1,312,936 | -79.6% | |
| Total assets less current liabilities | — | — | £5,572,293 | £6,035,089 | £580,573 | -90.4% | |
| Net assets | £969,346 | £9,575,174 | £5,572,293 | £6,035,089 | £580,573 | -90.4% | |
| Equity | £969,346 | £7,419,001 | £5,572,293 | £6,035,089 | £580,573 | -90.4% | |
| Average employees | 8 | 38 | 62 | 60 | 51 | -15% | |
| Wages | — | — | £4,442,845 | £5,022,955 | £4,487,664 | -10.7% | |
| Directors' remuneration | — | — | £170,000 | £201,338 | £256,116 | +27.2% |
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 | 2022-01-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -179.1% | |
| Net margin | — | — | — | — | -157.6% | |
| Return on capital employed | — | — | -125.3% | -124.3% | -1109.1% | |
| Gearing (liabilities / total assets) | — | — | 12.4% | 22.5% | — | |
| Current ratio | — | — | 7.96x | 4.38x | 1.22x |
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. 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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
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 65 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 | |
|---|---|---|---|---|
| 2026-07-21 | SH01 | capital | Capital allotment shares | |
| 2026-07-17 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 9
- 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.