CIRCULATE PLUS LTD
🏛️Establishedactive
SC692699 · ltd · incorporated 2021-03-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-178.5k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Engineering design activities for industrial process and production
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £178,484
Cash YoY
+7%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£10k
↑ 7.0% YoY
Net Worth
-£178k
↓ 89% YoY
Current Assets
£11k
↓ 76% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-178.5k | £-94.6k |
| Current assets | £10.8k | £44.4k |
| Cash | £9.8k | £9.2k |
| Debtors | £1.0k | £35.2k |
| Net assets | £-178.5k | £-94.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄capital-alter-shares-subdivisioncapital · SH02
- 2024-03-18📄memorandum-articlesincorporation · MA
- 2024-03-18📄resolutionresolution · RESOLUTIONS
- 2024-03-15📄capital-allotment-sharescapital · SH01
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-25📄memorandum-articlesincorporation · MA
- 2022-01-25📄resolutionresolution · RESOLUTIONS
- 2022-01-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-24📄capital-allotment-sharescapital · SH01
- 2021-12-10➕JEPP, Bruce Thornton appointeddirector
- 2021-06-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-18🏢Company incorporatedAs CIRCULATE PLUS LTD
- 2021-03-18➕BUCKLAND, Jonathan Peter appointeddirector
- 2021-03-18➕WALKER, David Andrew appointeddirector
- 2021-03-18📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jonathan Peter Buckland Individual · British · DOB 12/1983 · age 43 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 18/03/2021 |
Mr David Andrew Walker Individual · British · DOB 03/1967 · age 59 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 18/03/2021 |
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 →Similar companies
Active · Professional services · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| C R C SERVICES SCOTLAND LTD→ SC791666 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| C TECNICS LIMITED→ SC303904 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| C-SUBSEA LIMITED→ SC499649 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| CORESTRUCT CONSULT LIMITED→ SC383899 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CORROSION ASSOCIATES LIMITED→ SC201702 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| COSTAIN UPSTREAM LIMITED→ SC336371 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| COUNTAX SERVICES LIMITED→ SC556566 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CPM (INVERURIE) LTD→ SC556861 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CRAIGIAN LIMITED→ SC161694 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| CREEGAN COMMUNICATIONS LTD→ SC712936 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CREMIN ENGINEERING LTD→ SC613399 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CRESCENT ENGINEERING SERVICES LTD→ SC765983 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2021-03-18
Jurisdictionscotland
Primary SIC71121 — Engineering design activities for industrial process and production
Registered office
15 Strathburn Gardens
Inverurie
Aberdeenshire
AB51 4RY
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-30
Last: 2025-06-16
Officers (3 active · 0 resigned)
BUCKLAND, Jonathan Peter→
Activedirector · ~43y · appointed 2021-03-18
View their other companies + combined net worth →
JEPP, Bruce Thornton→
Activedirector · ~56y · appointed 2021-12-10
View their other companies + combined net worth →
WALKER, David Andrew→
Activedirector · ~59y · appointed 2021-03-18
View their other companies + combined net worth →
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
2025-10-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-29
capital-alter-shares-subdivision
capital · SH02
2024-03-25
memorandum-articles
incorporation · MA
2024-03-18
resolution
resolution · RESOLUTIONS
2024-03-18
capital-allotment-shares
capital · SH01
2024-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-19
change-person-director-company-with-change-date
officers · CH01
2023-01-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-16