Circtec Ltd.
Registered name: CIRCTEC LTD.
Circtec Ltd. made £0 revenue and a £12.3m loss in the year to 31 Dec 2023. read from filing text
Circtec Ltd.’s revenue was £0 in the year to 31 Dec 2023, with a loss of £12.3m and 13 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £0 | £0 |
| Operating profit | −£12.6m | −£10.7m |
| Profit before tax | −£13.6m | −£12.5m |
| Profit after tax | −£13.2m | −£12.3m |
| Profit (best available) | −£13.2m | −£12.3m |
| Employees (average) | 10 | 13 |
| Ratios | ||
| Profit margin | — | — |
| Revenue per employee | £0 | £0 |
| Profit per employee | −£1.3m | −£949k |
| Growth (year on year) | ||
| Headcount growth | — | ▲30% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £13.4k | £129k |
| Net assets | −£7.2m | −£18.4m |
| Fixed assets | £4.7m | £2.9m |
| Current assets | — | £1.5m |
| Debtors | £5.3m | £4.3m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £0
- Revenue ÷ average employees.
- Profit per employee
- −£949k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£18.4m
- Cash at bank
- ▲863%
- Now £129k
- Headcount
- ▲30%
- Now 13
- Deferred income
- —
- Now —
- Fixed assets
- ▼38%
- Now £2.9m
Group structure
Subsidiaries (3)
- Circtec Engineering Ltd.Rev. — · Profit £280k
- Circtec Knowledge Ltd.Rev. — · Profit −£6.4k
- Circtec Operations LtdRev. — · Profit −£249k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£12.3m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.