Circulate Ltd

Circulate Ltd, based in Redditch, UK, is a small, active company founded eleven years ago in 2013. With three employees and £180,005 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports electrical machinery and equipment, with 8 months of import activity recorded, and occasionally exports similar goods, with just one month of export activity.

The company’s website, Circulate, functions as a marketplace for sustainable packaging. It connects buyers with European packaging suppliers, offering tools to compare products, streamline ordering, and gain insights into packaging spend and environmental impact. The site emphasizes compliance reporting and offers services like customized packaging design and expert guidance. It’s a growing business, trusted by companies looking to reduce their environmental footprint.

Financially, Circulate Ltd presents a mixed picture. Current assets have increased by a substantial 42% to £180,000, which is good news. However, net assets have also risen significantly by 230% to £130,000. Bank borrowings have increased, and cash reserves have decreased by 7.4%. Creditors have also decreased, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, so the financial statements are unaudited.

The company's growth in assets and net assets are positive signs, but the decrease in cash reserves and increase in bank borrowings suggest it may be investing heavily in its marketplace platform. It’s likely that the company is burning through cash to acquire customers and expand its supplier network, which is common for startups. The company’s reliance on suppliers and its relatively small size could make it vulnerable to market fluctuations, but its focus on sustainability and its growing customer base offer potential for long-term success.

Registered in England/Wales under the registration number 08544030, with a registered address at B97 5ST, United Kingdom, Redditch, Worcestershire, Unit 5 Curr Lane Farm, Bentley Pauncefoot.

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