CIRCA 35MM LTD

💤Zombieactive
SC518111 · ltd · incorporated 2015-10-16
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 21 → 22
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Filings: 21 → 22
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£-4.1k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (86/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £4,101
Cash YoY
+3%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£10k
↑ 3.5% YoY
Net Worth
-£4k
↓ 64% YoY
Current Assets
£14k
↓ 2.3% YoY
Current Liabilities
—
-£4k-£451£3k£7k£10k£14kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£-4.1k£-2.5k£-1.2k
Current assets£13.6k£13.9k£14.1k
Cash£9.7k£9.3k£9.6k
Debtors£4.0k£4.6k£4.6k
Net assets£-4.1k£-2.5k£-1.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-11-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-10-07
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2015-10-16
    🏢
    Company incorporated
    As CIRCA 35MM LTD
  13. 2015-10-16
    ➕
    ROSS, Euan appointed
    director
  14. 2015-10-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Euan Ross
Individual · British · DOB 02/1981 · age 45
50–75%
—50-75% shares06/04/2016
Mrs Kirsty Stroma Ross
Individual · British · DOB 11/1979 · age 47
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-10-16
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

C/O D M Mcnaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (1 active · 0 resigned)

ROSS, Euan→
director · ~45y · appointed 2015-10-16
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (22 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-20