evolving systems holdings limited
evolving systems holdings limited Company Information
Company Number
05272751
Next Accounts
26 days late
Industry
Activities of head offices
Shareholders
eti-net inc.
Group Structure
View All
Contact
Registered Address
4th floor 2 city approach, albert street, manchester, M30 0BL
Website
www.evolving.comevolving systems holdings limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS HOLDINGS LIMITED at £15.8m based on a Turnover of £16.3m and 0.97x industry multiple (adjusted for size and gross margin).
evolving systems holdings limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS HOLDINGS LIMITED at £28.2m based on an EBITDA of £3.9m and a 7.18x industry multiple (adjusted for size and gross margin).
evolving systems holdings limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS HOLDINGS LIMITED at £38.1m based on Net Assets of £17.9m and 2.13x industry multiple (adjusted for liquidity).
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Evolving Systems Holdings Limited Overview
Evolving Systems Holdings Limited is a live company located in manchester, M30 0BL with a Companies House number of 05272751. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 2004, it's largest shareholder is eti-net inc. with a 100% stake. Evolving Systems Holdings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.3m with unknown growth in recent years.
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Evolving Systems Holdings Limited Health Check
Pomanda's financial health check has awarded Evolving Systems Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £16.3m, make it in line with the average company (£18.9m)
£16.3m - Evolving Systems Holdings Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Evolving Systems Holdings Limited
- - Industry AVG
Production
with a gross margin of 58.7%, this company has a lower cost of product (33.1%)
58.7% - Evolving Systems Holdings Limited
33.1% - Industry AVG
Profitability
an operating margin of 24% make it more profitable than the average company (6%)
24% - Evolving Systems Holdings Limited
6% - Industry AVG
Employees
with 27 employees, this is below the industry average (110)
27 - Evolving Systems Holdings Limited
110 - Industry AVG
Pay Structure
on an average salary of £116.9k, the company has a higher pay structure (£46.5k)
£116.9k - Evolving Systems Holdings Limited
£46.5k - Industry AVG
Efficiency
resulting in sales per employee of £604k, this is more efficient (£192.9k)
£604k - Evolving Systems Holdings Limited
£192.9k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (46 days)
65 days - Evolving Systems Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (44 days)
21 days - Evolving Systems Holdings Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Evolving Systems Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (17 weeks)
14 weeks - Evolving Systems Holdings Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.2%, this is a lower level of debt than the average (56.5%)
38.2% - Evolving Systems Holdings Limited
56.5% - Industry AVG
EVOLVING SYSTEMS HOLDINGS LIMITED financials
Evolving Systems Holdings Limited's latest turnover from March 2023 is £16.3 million and the company has net assets of £17.9 million. According to their latest financial statements, Evolving Systems Holdings Limited has 27 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,307,000 | 19,910,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 6,735,000 | 11,769,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Gross Profit | 9,572,000 | 8,141,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Admin Expenses | 5,665,000 | -4,916,000 | -20,554 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Operating Profit | 3,907,000 | 13,057,000 | -29,175 | 20,554 | -52,390 | -26,279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Payable | 46,000 | 2,000 | 41,086 | 170,800 | 226,165 | 70,320 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,863,000 | 13,057,000 | -70,261 | -150,246 | 4,999,257 | 2,503,401 | 4,893,000 | 5,014,000 | 2,755,000 | 1,600,000 | 2,364,000 | 1,497,000 | 760,000 | 2,925,400 |
| Tax | 3,387,000 | -931,000 | 21,726 | 25,519 | 47,354 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 7,250,000 | 12,126,000 | -48,535 | -124,727 | 5,046,611 | 2,503,401 | 4,893,000 | 5,014,000 | 2,755,000 | 1,600,000 | 2,364,000 | 1,497,000 | 760,000 | 2,925,400 |
| Dividends Paid | 0 | 0 | 0 | 0 | 5,027,812 | 2,444,235 | 4,893,000 | 5,014,000 | 2,755,000 | 1,600,000 | 2,364,000 | 1,497,000 | 760,000 | 2,925,400 |
| Retained Profit | 7,250,000 | 12,126,000 | -48,535 | -124,727 | 18,799 | 59,166 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Costs | 3,157,000 | 4,643,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 27 | 35 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* | 3,926,000 | 13,111,000 | -29,175 | 20,554 | -52,390 | -26,279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 25,000 | 31,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 64,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 26,835,660 | 26,835,660 | 26,835,660 | 26,816,029 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 |
| Debtors (Due After 1 year) | 2,613,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,702,000 | 31,000 | 26,835,660 | 26,835,660 | 26,835,660 | 26,816,029 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,945,000 | 5,063,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 17,932,000 | 5,996,000 | 0 | 0 | 0 | 69,456 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,185,000 | 13,714,000 | 94,822 | 73,096 | 47,577 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,117,000 | 2,197,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,179,000 | 26,970,000 | 94,822 | 73,096 | 47,577 | 69,456 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 28,881,000 | 27,001,000 | 26,930,482 | 26,908,756 | 26,883,237 | 26,885,485 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 104,316 | 1,198,202 | 1,234,944 | 602,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 388,000 | 665,000 | 0 | 105 | 105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,305,000 | 7,216,000 | 3,766,543 | 2,510,278 | 558,677 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,324,000 | 7,182,000 | 449 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 11,017,000 | 15,063,000 | 3,871,308 | 3,708,585 | 1,793,726 | 602,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 92,462 | 1,857,075 | 3,069,526 | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 92,462 | 1,857,075 | 3,069,526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,017,000 | 15,063,000 | 3,871,308 | 3,801,047 | 3,650,801 | 3,672,272 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 17,864,000 | 11,938,000 | 23,059,174 | 23,107,709 | 23,232,436 | 23,213,213 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 |
| total shareholders funds | 17,864,000 | 11,938,000 | 23,059,174 | 23,107,709 | 23,232,436 | 23,213,213 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 | 23,282,440 |
| Mar 2023 | Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,907,000 | 13,057,000 | -29,175 | 20,554 | -52,390 | -26,279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 19,000 | 54,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 3,387,000 | -931,000 | 21,726 | 25,519 | 47,354 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 902,000 | 24,773,000 | 21,726 | 25,519 | -21,879 | 69,456 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -277,000 | 665,000 | -105 | 0 | 105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -858,000 | 7,182,000 | 449 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,276,000 | -4,746,000 | -28,831 | 20,554 | 16,948 | -95,735 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 19,631 | 3,533,589 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,282,440 |
| cash flow from investments | 0 | 0 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -1,093,886 | -36,742 | 632,198 | 602,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,911,000 | 7,216,000 | 1,256,265 | 1,951,601 | 558,677 | 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 |
| Long term loans | 0 | 0 | -92,462 | -1,764,613 | -1,212,451 | 3,069,526 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -44,000 | 0 | -41,086 | -170,800 | -226,165 | -70,320 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -4,279,000 | 7,028,000 | 28,831 | -20,554 | -247,317 | 3,473,559 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,282,440 |
| cash and cash equivalents | ||||||||||||||
| cash | 920,000 | 2,197,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 920,000 | 2,197,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
evolving systems holdings limited Credit Report and Business Information
Evolving Systems Holdings Limited Competitor Analysis
Perform a competitor analysis for evolving systems holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in M30 area or any other competitors across 12 key performance metrics.
evolving systems holdings limited Ownership
EVOLVING SYSTEMS HOLDINGS LIMITED group structure
Evolving Systems Holdings Limited has 2 subsidiary companies.
Ultimate parent company
PARTNER ONE SOFTWARE INC
#0111261
ETI-NET INC
#0094018
2 parents
EVOLVING SYSTEMS HOLDINGS LIMITED
05272751
2 subsidiaries
evolving systems holdings limited directors
Evolving Systems Holdings Limited currently has 6 directors. The longest serving directors include Mr Jonathan Dionne (Dec 2021) and Mr Jonathan Dionne (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Dionne | England | 46 years | Dec 2021 | - | Director |
| Mr Jonathan Dionne | England | 46 years | Dec 2021 | - | Director |
| Mr Dan Charron | England | 45 years | Dec 2021 | - | Director |
| Mr Karl Gilbank | England | 50 years | Dec 2021 | - | Director |
| Mr Dan Charron | England | 45 years | Dec 2021 | - | Director |
| Mr Eric Hatton | England | 49 years | Jan 2022 | - | Director |
P&L
March 2023turnover
16.3m
-18%
operating profit
3.9m
-70%
gross margin
58.7%
+43.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
17.9m
+0.5%
total assets
28.9m
+0.07%
cash
3.1m
+0.42%
net assets
Total assets minus all liabilities
evolving systems holdings limited company details
company number
05272751
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
October 2004
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
4th floor 2 city approach, albert street, manchester, M30 0BL
Bank
-
Legal Advisor
-
evolving systems holdings limited Charges & Mortgages
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 7 charges/mortgages relating to evolving systems holdings limited. Currently there are 3 open charges and 4 have been satisfied in the past.
evolving systems holdings limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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evolving systems holdings limited Companies House Filings - See Documents
| date | description | view/download |
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