Circular Group Ltd

Circular Group Ltd is a small, active holding company based in Magherafelt, Northern Ireland, founded five years ago in 2020. With eight employees and £5,400,252 in assets, it operates from a real address and is overseen by four directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with four months of import activity recorded, the last in October 2024. It exports these same items irregularly, with just one month of export activity, also in October 2024.

The company's website reveals a focus on wet processing solutions for the sand, aggregates, and recycling sectors. Circular Group specialises in supplying tailored equipment, particularly dewatering screens, washing systems, and high-rate thickeners. They cater to a range of applications, including recycling, sand and aggregate processing, and plant upgrades, boasting a direct personal approach to customer needs. They even have a showroom in Harrods, London.

Financially, Circular Group Ltd shows some interesting trends. Current assets increased by 32% to £5,400,000, while net assets grew 12% to £1,500,000. Bank borrowings decreased by 12%, reaching £6,000, and cash reserves increased by 49% to £5,000,000. Creditors decreased by 41%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increased bank borrowings and decreased cash reserves are something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Circular Group Ltd appears to be a solid, albeit small, business with a specialized focus. The company's financial health seems to be improving, but the increased bank borrowings are something to watch.

Registered in Northern Ireland under the registration number NI668317, with a registered address at BT45 6EB, United Kingdom, Magherafelt, Derry, 15b Broad Street, Magherafelt.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.