GRB 130925A was an unusual GRB, consisting of 3 distinct episodes of high-energy emission spanning $sim$20 ks, making it a member of the proposed category of `ultra-long bursts. It was also unusual in that its late-time X-ray emission observed by Swift was very soft, and showed a strong hard-to-soft spectral evolution with time. This evolution, rarely seen in GRB afterglows, can be well modelled as the dust-scattered echo of the prompt emission, with stringent limits on the contribution from the normal afterglow (i.e. external shock) emission. We consider and reject the possibility that GRB 130925A was some form of tidal disruption event, and instead show that if the circumburst density around GRB 130925A is low, the long duration of the burst and faint external shock emission are naturally explained. Indeed, we suggest that the ultra-long GRBs as a class can be explained as those with low circumburst densities, such that the deceleration time (at which point the material ejected from the nascent black hole is decelerated by the circumburst medium) is $sim$20 ks, as opposed to a few hundred seconds for the normal long GRBs. The increased deceleration radius means that more of the ejected shells can interact before reaching the external shock, naturally explaining both the increased duration of GRB 130925A, the duration of its prompt pulses, and the fainter-than-normal afterglow.
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