Circular Start Ltd

Circular Start Ltd is a small, active company registered in St. Albans, UK, founded four years ago in June 2020. The company, with one employee and a real address, is led by one director and owned by two individuals – Nevshehir Mark Robert and Nevshehir Michelle Kirsty. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, circularstartup.tokyo, reveals a fascinating focus: fostering a circular economy in Japan. It’s not an e-commerce site in the traditional sense, but rather a hub for startups and innovators working on sustainable solutions. The site is packed with events, workshops, and demo days, all geared towards connecting entrepreneurs with investors and mentors. It seems they're facilitating connections and providing a platform for circular economy initiatives rather than directly selling products. They have a lot of events listed, with Zoom links and dates, suggesting a very active schedule of networking and pitching opportunities.

Financially, Circular Start Ltd presents a concerning picture. While assets remain at £820, current assets have vanished completely, dropping 100% to zero. Bank cash has also disappeared, falling 100% to zero. Liabilities have increased significantly, with creditors up 60% to £31,000 and loans from directors surging 64% to £30,000. Equity has plummeted 140% to -£30,000, indicating a substantial loss. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the sharp decline in equity and the lack of cash reserves are worrying. There's no mention of an auditor, which is typical for a small, exempt company. The accounts are described as “filleted” and unaudited.

In short, Circular Start Ltd seems to be burning through cash while providing a valuable service to the circular economy startup scene in Tokyo. Whether it can sustain its operations without a significant injection of funding or a shift in its business model remains to be seen.

Registered in England/Wales under the registration number 12636421, with a registered address at AL1 1PD, England, St. Albans, 32 Watsons Walk.

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