Evolution Water Services Ltd.

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evolution water services ltd. Company Information

Live

MatureMidHealthy

Company Number

03771796

Next Accounts

Sep 2025

Industry

Water collection, treatment and supply

Directors

Adam Beattie

Paul McKenna

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Shareholders

ews bidco limited

Group Structure

View All

Contact

Registered Address

grenville court, britwell road, burnham, buckinghamshire, SL1 8DF

Website

www.evolutionwater.co.uk

evolution water services ltd. Estimated Valuation

£14.6m

Pomanda estimates the enterprise value of EVOLUTION WATER SERVICES LTD. at £14.6m based on a Turnover of £10.6m and 1.38x industry multiple (adjusted for size and gross margin).

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Evolution Water Services Ltd. is a live company located in buckinghamshire, SL1 8DF with a Companies House number of 03771796. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in May 1999, it's largest shareholder is ews bidco limited with a 100% stake. Evolution Water Services Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Evolution Water Services Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £10.6m, make it smaller than the average company (£16.5m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7%)

EXPORT

Evolution Water Services Ltd.'s latest turnover from December 2023 is estimated at £10.6 million and the company has net assets of £3.8 million. According to their latest financial statements, Evolution Water Services Ltd. has 84 employees and maintains cash reserves of £923.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	10,564,413	9,502,115	8,624,222	7,968,532	7,297,721	7,617,242	6,360,758	6,075,206	6,538,879	6,669,414	4,642,874	4,172,316	4,764,276	3,998,500	3,700,598
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,673,496	6,645,804	6,010,282	5,441,855	4,906,895	5,078,631	4,190,419	3,974,780	4,127,638	4,266,818	3,126,282	2,737,157	2,873,587	2,534,266	2,071,524
Gross Profit	2,890,916	2,856,311	2,613,940	2,526,677	2,390,826	2,538,612	2,170,338	2,100,425	2,411,241	2,402,596	1,516,591	1,435,159	1,890,689	1,464,234	1,629,074
Admin Expenses	1,760,622	2,016,361	2,204,151	1,950,201	1,989,465	2,264,911	2,077,758	1,718,666	3,197,284	2,047,152	1,031,256	1,131,447	1,683,741	1,232,787	1,339,605
Operating Profit	1,130,294	839,950	409,789	576,476	401,361	273,701	92,580	381,759	-786,043	355,444	485,335	303,712	206,948	231,447	289,469
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	104,725	89,860	29,818	1,653	1,034	5,695	4,234	2,778	5,285	3,808	2,558	1,701	1,333	1,555	930
Pre-Tax Profit	1,235,019	929,810	439,607	578,130	402,395	279,396	96,814	384,537	-780,758	359,253	487,892	305,413	208,282	233,001	290,399
Tax	-308,755	-176,664	-83,525	-109,845	-76,455	-53,085	-18,395	-73,062	0	-71,850	-102,457	-70,245	-49,988	-60,580	-81,312
Profit After Tax	926,264	753,146	356,082	468,285	325,940	226,311	78,419	311,475	-780,758	287,402	385,435	235,168	158,294	172,421	209,087
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	926,264	753,146	356,082	468,285	325,940	226,311	78,419	311,475	-780,758	287,402	385,435	235,168	158,294	172,421	209,087
Employee Costs	4,204,837	4,089,100	3,448,320	3,379,333	3,245,447	3,228,021	2,888,109	2,521,902	2,411,592	2,438,545	884,060	758,258	841,344	699,103	660,155
Number Of Employees	84	84	73	74	69	69	62	58	57	56	22	19	22	18	17
EBITDA*	1,213,147	883,357	508,272	659,192	506,126	372,601	190,456	442,266	-703,808	448,040	591,522	433,545	328,738	332,028	289,469

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	332,138	305,986	296,770	343,155	297,792	287,984	300,432	242,011	251,663	288,258	323,445	381,859	364,743	310,335	374,534
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	9,000	12,000	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	332,138	305,986	296,770	343,155	297,792	287,984	300,432	242,011	251,663	288,258	323,445	381,859	373,743	322,335	374,534
Stock & work in progress	38,885	48,793	40,646	37,078	48,576	34,316	35,629	34,569	22,559	17,316	33,755	24,714	13,237	20,602	18,606
Trade Debtors	1,484,770	1,308,248	1,361,866	1,353,758	1,156,965	1,180,533	1,074,909	1,012,979	928,128	929,380	917,719	702,234	704,666	714,820	683,525
Group Debtors	2,118,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	255,491	159,401	86,728	67,105	69,861	51,087	23,281	15,313	21,222	10,534	0	0	0	0	0
Cash	923,856	3,065,674	2,701,684	2,069,200	1,237,082	830,994	687,777	1,005,667	1,216,796	897,084	626,199	396,914	283,463	249,927	372,001
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,821,302	4,582,116	4,190,924	3,527,141	2,512,484	2,096,930	1,821,596	2,068,528	2,188,705	1,854,314	1,577,673	1,123,862	1,001,366	985,349	1,074,132
total assets	5,153,440	4,888,102	4,487,694	3,870,296	2,810,276	2,384,914	2,122,028	2,310,539	2,440,368	2,142,572	1,901,118	1,505,721	1,375,109	1,307,684	1,448,666
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	388,345	405,224	311,528	379,213	196,317	202,308	166,090	69,433	80,340	56,099	689,632	672,252	802,164	918,434	728,280
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	953,052	1,607,992	1,703,647	1,364,463	974,992	869,579	869,222	1,232,809	1,649,662	582,966	0	0	0	0	0
total current liabilities	1,341,397	2,013,216	2,015,175	1,743,676	1,171,309	1,071,887	1,035,312	1,302,242	1,730,002	639,065	689,632	672,252	802,164	918,434	728,280
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	500,000
provisions	55,054	44,161	38,858	49,041	29,673	29,673	29,673	29,673	43,217	55,600	50,981	58,399	33,043	7,642	11,199
total long term liabilities	55,054	44,161	38,858	49,041	29,673	29,673	29,673	29,673	43,217	55,600	50,981	58,399	33,043	7,642	511,199
total liabilities	1,396,451	2,057,377	2,054,033	1,792,717	1,200,982	1,101,560	1,064,985	1,331,915	1,773,219	694,665	740,613	730,651	835,207	926,076	1,239,479
net assets	3,756,989	2,830,725	2,433,661	2,077,579	1,609,294	1,283,354	1,057,043	978,624	667,149	1,447,907	1,160,505	775,070	539,902	381,608	209,187
total shareholders funds	3,756,989	2,830,725	2,433,661	2,077,579	1,609,294	1,283,354	1,057,043	978,624	667,149	1,447,907	1,160,505	775,070	539,902	381,608	209,187

	Dec 2023	Dec 2022	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,130,294	839,950	409,789	576,476	401,361	273,701	92,580	381,759	-786,043	355,444	485,335	303,712	206,948	231,447	289,469
Depreciation	82,853	43,407	98,483	82,716	104,765	98,900	97,876	60,507	82,235	92,596	106,187	120,833	118,790	97,581	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	9,000	3,000	3,000	0
Tax	-308,755	-176,664	-83,525	-109,845	-76,455	-53,085	-18,395	-73,062	0	-71,850	-102,457	-70,245	-49,988	-60,580	-81,312
Stock	-9,908	11,715	3,568	-11,498	14,260	-1,313	1,060	12,010	5,243	-16,439	9,041	11,477	-7,365	1,996	18,606
Debtors	2,390,912	46,786	27,731	194,037	-4,794	133,430	69,898	78,942	9,436	22,195	215,485	-2,432	-10,154	31,295	683,525
Creditors	-16,879	26,011	-67,685	182,896	-5,991	36,218	96,657	-10,907	24,241	-633,533	17,380	-129,912	-116,270	190,154	728,280
Accruals and Deferred Income	-654,940	243,529	339,184	389,471	105,413	357	-363,587	-416,853	1,066,696	582,966	0	0	0	0	0
Deferred Taxes & Provisions	10,893	-4,880	-10,183	19,368	0	0	0	-13,544	-12,383	4,619	-7,418	25,356	25,401	-3,557	11,199
Cash flow from operations	-2,137,538	912,852	654,764	958,543	519,627	223,974	-165,827	-163,052	360,067	324,486	274,501	249,699	205,400	424,754	245,505
Investing Activities
capital expenditure	-109,005	-6,238	-52,098	-128,079	-114,573	-86,452	-156,297	-50,855	-45,640	-57,409	-47,773	-137,949	-173,198	-48,382	-374,534
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-109,005	-6,238	-52,098	-128,079	-114,573	-86,452	-156,297	-50,855	-45,640	-57,409	-47,773	-137,949	-173,198	-48,382	-374,534
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-500,000	500,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	104,725	89,860	29,818	1,653	1,034	5,695	4,234	2,778	5,285	3,808	2,558	1,701	1,333	1,555	930
cash flow from financing	104,725	89,860	29,818	1,653	1,034	5,695	4,234	2,778	5,285	3,808	2,558	1,701	1,333	-498,445	501,030
cash and cash equivalents
cash	-2,141,818	996,474	632,484	832,118	406,088	143,217	-317,890	-211,129	319,712	270,885	229,285	113,451	33,536	-122,074	372,001
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,141,818	996,474	632,484	832,118	406,088	143,217	-317,890	-211,129	319,712	270,885	229,285	113,451	33,536	-122,074	372,001

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for evolution water services ltd. by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in SL1 area or any other competitors across 12 key performance metrics.

EVOLUTION WATER SERVICES LTD. group structure

Evolution Water Services Ltd. has 1 subsidiary company.

Ultimate parent company

TIC HOLDCO LIMITED

14286093

EWS BIDCO LIMITED

14867502

2 parents

EVOLUTION WATER SERVICES LTD.

03771796

1 subsidiary

ASSOCIATED WATER SERVICES LIMITED

05499866

EVOLUTION WATER SERVICES LTD. Shareholders

ews bidco limited

100%

Evolution Water Services Ltd. currently has 6 directors. The longest serving directors include Mr Adam Beattie (May 1999) and Mr Paul McKenna (May 1999).

officer	country	age	start	end	role
Mr Adam Beattie		58 years	May 1999	-	Director
Mr Paul McKenna		56 years	May 1999	-	Director
Mr Paul Barry	England	59 years	Jun 2023	-	Director
Mr Robert Rostas	England	43 years	Nov 2023	-	Director
Mr Ben Bridger	United Kingdom	43 years	Oct 2024	-	Director
Mr Brian Shannon	England	40 years	Oct 2024	-	Director

P&L

December 2023

turnover

10.6m

+11%

operating profit

1.1m

gross margin

27.4%

-8.97%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.8m

+0.33%

total assets

5.2m

+0.05%

cash

923.9k

-0.7%

net assets

Total assets minus all liabilities

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company number

03771796

Type

Private limited with Share Capital

industry

36000 - Water collection, treatment and supply

incorporation date

May 1999

ultimate parent company

TIC HOLDCO LIMITED

previous names

evolution water treatment limited (June 1999)

address

grenville court, britwell road, burnham, buckinghamshire, SL1 8DF

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to evolution water services ltd.. Currently there are 1 open charges and 2 have been satisfied in the past.

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evolution water services ltd. Company Information

evolution water services ltd. Estimated Valuation

evolution water services ltd. Estimated Valuation

evolution water services ltd. Estimated Valuation

Evolution Water Services Ltd. Overview

Evolution Water Services Ltd. Health Check

EVOLUTION WATER SERVICES LTD. financials

evolution water services ltd. Credit Report and Business Information

Evolution Water Services Ltd. Competitor Analysis

evolution water services ltd. Ownership

evolution water services ltd. directors

evolution water services ltd. company details

evolution water services ltd. Charges & Mortgages

evolution water services ltd. Capital Raised & Share Issues BETA

evolution water services ltd. Companies House Filings - See Documents