CIRCULAR PROPERTIES LIMITED

💤Zombieactive

05035627 · ltd · incorporated 2004-02-05

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · oldest 21.1y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 21.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

15 officers (1 active, 15 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

108 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Net assets	—	£1.28M
Average employees	1	—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (56 events)Click to expand

2025-10-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-16
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-08-05
➖
KETTERINGHAM, Derek Jack resigned
secretary
2023-08-05
➖
KETTERINGHAM, Derek Jack resigned
director
2022-12-16
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-07-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-24
➕
KETTERINGHAM, Elliot appointed
director
2017-09-07
➖
KETTERINGHAM, Philip resigned
director
2017-01-03
➕
KETTERINGHAM, Philip appointed
director
2016-11-01
➖
KETTERINGHAM, Philip resigned
director
2016-02-18
🔓
Charge satisfied #4
2016-02-18
🔓
Charge satisfied #3
2016-01-18
🔓
Charge satisfied #2
2016-01-15
🔓
Charge satisfied #1
2010-09-30
➕
KETTERINGHAM, Philip appointed
director
2008-08-18
➕
KETTERINGHAM, Derek Jack appointed
director
2008-08-15
➕
KETTERINGHAM, Derek Jack appointed
secretary
2008-08-15
➖
KETTERINGHAM, Derek Jack resigned
secretary
2008-08-15
➕
MOHAMMED, Zarina appointed
secretary
2008-08-15
➖
MOHAMMED, Zarina resigned
secretary
2008-08-15
➖
KETTERINGHAM, Derek Jack resigned
director
2008-08-15
➖
MAHMOOD, Omar resigned
director
2008-08-15
➕
MUNIR, Mohammed appointed
director
2008-08-15
➖
MUNIR, Mohammed resigned
director
2006-01-18
➖
FLACK, Barry resigned
director
2006-01-18
➕
MAHMOOD, Omar appointed
director
2005-10-25
🔒
Charge registered #4
Lender: National Westminster Bank PLC
2005-05-05
➕
FLACK, Barry appointed
director
2005-05-05
➖
MAHMOOD, Liaqat resigned
director
2005-04-28
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2005-03-31
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2005-03-29
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2004-02-05
🏢
Company incorporated
As CIRCULAR PROPERTIES LIMITED
2004-02-05
➕
KETTERINGHAM, Derek Jack appointed
secretary
2004-02-05
➕
SDG SECRETARIES LIMITED appointed
corporate-nominee-secretary
2004-02-05
➖
SDG SECRETARIES LIMITED resigned
corporate-nominee-secretary

Showing most recent 50 of 56 events

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Elliot Ketteringham Individual · British · DOB 08/1990 · age 36	—	—	sig. influencesignificant influence · firm interest	03/08/2023

1 historic (ceased) PSC

Mr Derek Jack Ketteringhamceased 05/08/2023· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Holding company · EN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
1-10 AVON COURT RTM COMPANY LIMITED→ 16438328 · est 2025 · no financials extracted	—	—	—	—	—	—	—
1-12 THE GRANGE RTM COMPANY LIMITED→ 07774013 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
10 PLOUGH LANE (PURLEY) MANAGEMENT COMPANY LIMITED→ 08455603 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
10 QUEENS ROAD HENDON LIMITED→ 04995103 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
10-14 HIGH STREET SLOUGH MANAGEMENT COMPANY LIMITED→ 06777553 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
100 ELGIN AVENUE LIMITED→ 03677899 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
100 INVERNESS TERRACE LIMITED→ 04948695 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
104 ELGIN FREEHOLD LIMITED→ 07531898 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
104 LANSDOWNE ROAD LIMITED→ 09907834 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
105-106 LANCASTER GATE MANAGEMENT LIMITED→ 04066540 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
107 BULWER ROAD (NEW BARNET) LIMITED→ 02754621 · est 1992 · no financials extracted	—	—	—	—	33y	—	—
107 HAMILTON TERRACE COMPANY LIMITED→ 06779073 · est 2008 · no financials extracted	—	—	—	—	17y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2004-02-05

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

Francis House 2 Park Road

High Barnet

Barnet

EN5 5RN

England

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-01-24

Last: 2026-01-10

Officers (1 active · 14 resigned)

KETTERINGHAM, Elliot→

director · ~36y · appointed 2017-11-24

View their other companies + combined net worth →

Active

KETTERINGHAM, Derek Jack→

secretary · appointed 2008-08-15 · resigned 2023-08-05

Resigned

KETTERINGHAM, Derek Jack→

secretary · appointed 2004-02-05 · resigned 2008-08-15

Resigned

MOHAMMED, Zarina→

secretary · appointed 2008-08-15 · resigned 2008-08-15

Resigned

SDG SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2004-02-05 · resigned 2004-02-05

Resigned

FLACK, Barry→

director · ~79y · appointed 2005-05-05 · resigned 2006-01-18

Resigned

KETTERINGHAM, Derek Jack→

director · ~98y · appointed 2008-08-18 · resigned 2023-08-05

Resigned

KETTERINGHAM, Derek Jack→

director · ~98y · appointed 2004-02-05 · resigned 2008-08-15

Resigned

KETTERINGHAM, Derek Jack→

director · ~98y · appointed 2004-02-05 · resigned 2004-02-05

Resigned

KETTERINGHAM, Philip→

director · ~71y · appointed 2017-01-03 · resigned 2017-09-07

Resigned

KETTERINGHAM, Philip→

director · ~71y · appointed 2010-09-30 · resigned 2016-11-01

Resigned

MAHMOOD, Liaqat→

director · ~72y · appointed 2004-02-05 · resigned 2005-05-05

Resigned

MAHMOOD, Omar→

director · ~48y · appointed 2006-01-18 · resigned 2008-08-15

Resigned

MUNIR, Mohammed→

director · ~70y · appointed 2008-08-15 · resigned 2008-08-15

Resigned

SDG REGISTRARS LIMITED→

corporate-nominee-director · appointed 2004-02-05 · resigned 2004-02-05

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
satisfied	National Westminster Bank National Westminster Bank PLC	Mortgage	1 property	25/10/2005	18/02/2016
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	28/04/2005	18/02/2016
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	31/03/2005	15/01/2016
satisfied	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	29/03/2005	18/01/2016

Recent filings (108 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-19

accounts-with-accounts-type-micro-entity

accounts · AA

2025-10-17

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-10

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2024-10-17

change-person-director-company-with-change-date

officers · CH01

2024-10-16

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2024-10-15

accounts-with-accounts-type-micro-entity

accounts · AA

2024-10-15

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-10-14

confirmation-statement-with-updates

confirmation-statement · CS01

2024-01-25

accounts-with-accounts-type-micro-entity

accounts · AA

2024-01-16

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2024-01-10

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-01-10

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2024-01-10

termination-director-company-with-name-termination-date

officers · TM01

2024-01-10

termination-secretary-company-with-name-termination-date

officers · TM02

2024-01-10