Circle Express Limited

02265791

in administration

Private Limited Company

england wales

Companies House

Has been liquidated

Insolvency history

Health Score

N/A

Details

C/O BEGBIES TRAYNOR (CENTRAL) LLP, MANCHESTER, M3 4LY

Incorporated 08/06/1988

Compliance

Last accounts

30/09/2024

medium

Next accounts due

30/06/2026

Overdue

Confirmation statement

Last: 20/03/2025

Due 03/04/2026

Overdue

Industry

49410

Freight transport by road

Officers

Mr Sanjive Sharma

director · Since 29/09/2023

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 6 other boards

Persons with Significant Control

Mr Sanjive Sharma

75–100% shares

75–100% votes

Appoint directors

British · England · Age 61

Circle Express Unit 1, Polar Park, Bath Road, West Drayton, UB7 0EX

Notified 19/10/2023

Former PSCs

Rico Logistics Limited

Ceased 29/09/2023

Oneworld Mobility Limited

Ceased 20/02/2025

Charges1 outstanding

Charge

outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 19/06/2024Registered 27/06/2024

Charge

satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/06/2013Registered 13/06/2013Satisfied 05/07/2023

Insolvency History2 cases

corporate voluntary arrangement

David Michael Riley (practitioner) · David John Dunckley (practitioner)

in administration

Paul Stanley (practitioner) · Dean Watson (practitioner)

CompanyRankvs 15+ SIC 49410 peers
6

Financial strengthNo net worth data · 0/25

EmployeesNo employee data · 0/15

LiquidityCurrent ratio 0.91× · 6/20

Longevity15 years trading (max 15) · 15/15

Filing complianceAll filings up to date · 15/15

Going concern doubt -10Outstanding charges -10Insolvency history -10

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How is this score calculated?

Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern We draw attention to Note 2 in the financial statements, which states that the Directors are satisfied that the Company has the resource to continue in business for the foreseeable futur

Key FinancialsYear ending 30/09/2024

Turnover

£34.7M

Annual revenue

Net Worth

-£2.6M

Balance sheet strength

Cash

£101k

Cash in the bank

Profit Before Tax

£9.4M

Bottom line earnings

Net Current Assets

-£695k

Working capital

Current Assets

£6.8M

Current Liabilities

£7.5M

Fixed Assets

£394k

Debtors

£6.7M

Cost of Sales

£29.5M

Gross Profit

£5.1M

Admin Expenses

£12.9M

Operating Profit

-£7.7M

Profit After Tax

£9.4M

234avg. employees

People Costs

Wages & salaries£11.3M

NI contributions£1.1M

Balance Sheet

Assets less current liabilities-£302k

Prepared with IRIS Accounts Production

EstimatesDerived

Year	Current Ratio
2024	0.91

Derived from filed accounts. Not audited figures.