Evolution Abs Limited

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evolution abs limited Company Information

Company Number

07024982

Next Accounts

Oct 2025

Directors

Margaret Scarrott

Daniel Knight

Shareholders

mrs margaret janet scarrott

mr daniel james night & naomi knight

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Group Structure

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Industry

Accounting, and auditing activities

Registered Address

oake house silver street, west buckland, wellington, somerset, TA21 9LR

Website

www.evolutionabs.co.uk

evolution abs limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of EVOLUTION ABS LIMITED at £2.3m based on a Turnover of £2.4m and 0.98x industry multiple (adjusted for size and gross margin).

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Evolution Abs Limited is a live company located in wellington, TA21 9LR with a Companies House number of 07024982. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in September 2009, it's largest shareholder is mrs margaret janet scarrott with a 50% stake. Evolution Abs Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Evolution Abs Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

1 Weak

Size

annual sales of £2.4m, make it larger than the average company (£202.4k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.3%)

EXPORT

Evolution Abs Limited's latest turnover from January 2024 is estimated at £2.4 million and the company has net assets of £500.6 thousand. According to their latest financial statements, Evolution Abs Limited has 25 employees and maintains cash reserves of £271.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,375,770	2,088,555	1,726,267	1,835,267	2,050,801	1,364,279	1,454,589	1,019,134	1,443,914	1,374,191	1,171,952	497,886	637,378	687,621	570,540
Other Income Or Grants
Cost Of Sales	131,739	264,687	243,214	285,005	31,458	34,000	31,968	28,577	106,757	128,157	117,189	64,429	71,808	55,357	80,839
Gross Profit	2,244,031	1,823,868	1,483,053	1,550,262	2,019,343	1,330,279	1,422,621	990,557	1,337,158	1,246,034	1,054,763	433,457	565,570	632,264	489,701
Admin Expenses	2,166,717	1,689,726	1,406,118	1,471,684	1,886,713	1,433,723	1,424,743	953,338	1,293,851	1,205,796	1,026,883	403,041	507,726	602,774	492,547
Operating Profit	77,314	134,142	76,935	78,578	132,630	-103,444	-2,122	37,219	43,307	40,238	27,880	30,416	57,844	29,490	-2,846
Interest Payable	3,891	3,859	2,943	1,525		2,116	2,038
Interest Receivable	13,560	7,578	373	94	512	223	2	50	185	246	174	59	53	14	4
Pre-Tax Profit	86,983	137,860	74,365	77,147	133,142	-105,338	-4,158	37,269	43,491	40,484	28,053	30,475	57,897	29,504	-2,842
Tax	-21,746	-26,193	-14,129	-14,658	-25,297			-7,454	-8,698	-8,502	-6,452	-7,314	-15,053	-8,261
Profit After Tax	65,237	111,667	60,236	62,489	107,845	-105,338	-4,158	29,815	34,793	31,982	21,601	23,161	42,844	21,243	-2,842
Dividends Paid
Retained Profit	65,237	111,667	60,236	62,489	107,845	-105,338	-4,158	29,815	34,793	31,982	21,601	23,161	42,844	21,243	-2,842
Employee Costs	883,227	819,107	730,414	680,606	727,160	699,428	620,078	616,592	623,515	663,830	597,405	250,036	318,816	343,471	203,522
Number Of Employees	25	23	23	24	23	20	21	20	24	22	20	9	12	13	9
EBITDA*	110,558	167,275	113,787	123,211	179,284	-83,443	8,427	51,718	61,302	58,316	42,764	55,609	82,714	47,560	-154

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	24,150	19,330	14,584	18,442	28,682	40,951	26,632	35,877	31,773	28,799	17,319	21,545	30,824	30,439	31,528
Intangible Assets		22,077	44,155	66,232	88,310								3,103	6,206
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	24,150	41,407	58,739	84,674	116,992	40,951	26,632	35,877	31,773	28,799	17,319	21,545	33,927	36,645	31,528
Stock & work in progress					238	57,785	61,535	167,065	107,220	117,134	116,865	147,964	88,991	74,060	23,139
Trade Debtors	575,618	508,164	444,658	460,854	517,554	295,253	313,583	160,479	223,474	200,672	151,863	65,994	94,175	91,292	74,537
Group Debtors
Misc Debtors	23,761	17,851	10,729	28,832	16,036	11,577	10,017	8,212	6,919
Cash	271,093	245,469	187,561	111,175	77,305	59,350		749	38,897	35,000	63,313	6,184	17,239	3,903	1,594
misc current assets
total current assets	870,472	771,484	642,948	600,861	611,133	423,965	385,135	336,505	376,510	352,806	332,041	220,142	200,405	169,255	99,270
total assets	894,622	812,891	701,687	685,535	728,125	464,916	411,767	372,382	408,283	381,605	349,360	241,687	234,332	205,900	130,798
Bank overdraft	5,000	5,000	8,333	8,333			62,708
Bank loan
Trade Creditors	9,354	9,034	47,739	30,390	26,206	12,641	13,692	16,194	16,756	238,738	241,000	154,327	168,582	183,285	133,639
Group/Directors Accounts							32,006	70,688
other short term finances
hp & lease commitments
other current liabilities	346,571	326,826	283,547	338,459	495,935	359,173	100,806	76,977	213,112
total current liabilities	360,925	340,860	339,619	377,182	522,141	371,814	209,212	163,859	229,868	238,738	241,000	154,327	168,582	183,285	133,639
loans	27,083	32,083	35,833	41,667
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	6,037	4,608	2,563	3,250	5,037		4,115	5,925	5,632	4,877	2,352	2,953	4,504	4,213
total long term liabilities	33,120	36,691	38,396	44,917	5,037		4,115	5,925	5,632	4,877	2,352	2,953	4,504	4,213
total liabilities	394,045	377,551	378,015	422,099	527,178	371,814	213,327	169,784	235,500	243,615	243,352	157,280	173,086	187,498	133,639
net assets	500,577	435,340	323,672	263,436	200,947	93,102	198,440	202,598	172,783	137,990	106,008	84,407	61,246	18,402	-2,841
total shareholders funds	500,577	435,340	323,672	263,436	200,947	93,102	198,440	202,598	172,783	137,990	106,008	84,407	61,246	18,402	-2,841

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	77,314	134,142	76,935	78,578	132,630	-103,444	-2,122	37,219	43,307	40,238	27,880	30,416	57,844	29,490	-2,846
Depreciation	11,167	11,055	14,775	22,555	24,577	20,001	10,549	14,499	17,995	18,078	14,884	22,090	21,767	14,968	2,692
Amortisation	22,077	22,078	22,077	22,078	22,077							3,103	3,103	3,102
Tax	-21,746	-26,193	-14,129	-14,658	-25,297			-7,454	-8,698	-8,502	-6,452	-7,314	-15,053	-8,261
Stock				-238	-57,547	-3,750	-105,530	59,845	-9,914	269	-31,099	58,973	14,931	50,921	23,139
Debtors	73,364	70,628	-34,299	-43,904	226,760	-16,770	154,909	-61,702	29,721	48,809	85,869	-28,181	2,883	16,755	74,537
Creditors	320	-38,705	17,349	4,184	13,565	-1,051	-2,502	-562	-221,982	-2,262	86,673	-14,255	-14,703	49,646	133,639
Accruals and Deferred Income	19,745	43,279	-54,912	-157,476	136,762	258,367	23,829	-136,135	213,112
Deferred Taxes & Provisions	1,429	2,045	-687	-1,787	5,037	-4,115	-1,810	293	755	2,525	-601	-1,551	291	4,213
Cash flow from operations	36,942	77,073	95,707	-2,384	140,138	190,278	-21,435	-90,283	24,682	999	67,614	1,697	35,435	25,482	35,809
Investing Activities
capital expenditure	-15,987	-15,801	-10,917	-12,315	-122,695	-34,320	-1,304	-18,603	-20,969	-29,558	-10,658	-12,811	-22,152	-23,187	-34,220
Change in Investments
cash flow from investments	-15,987	-15,801	-10,917	-12,315	-122,695	-34,320	-1,304	-18,603	-20,969	-29,558	-10,658	-12,811	-22,152	-23,187	-34,220
Financing Activities
Bank loans
Group/Directors Accounts						-32,006	-38,682	70,688
Other Short Term Loans
Long term loans	-5,000	-3,750	-5,834	41,667
Hire Purchase and Lease Commitments
other long term liabilities
share issue		1													1
interest	9,669	3,719	-2,570	-1,431	512	-1,893	-2,036	50	185	246	174	59	53	14	4
cash flow from financing	4,669	-30	-8,404	40,236	512	-33,899	-40,718	70,738	185	246	174	59	53	14	5
cash and cash equivalents
cash	25,624	57,908	76,386	33,870	17,955	59,350	-749	-38,148	3,897	-28,313	57,129	-11,055	13,336	2,309	1,594
overdraft		-3,333		8,333		-62,708	62,708
change in cash	25,624	61,241	76,386	25,537	17,955	122,058	-63,457	-38,148	3,897	-28,313	57,129	-11,055	13,336	2,309	1,594

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EVOLUTION ABS LIMITED group structure

Evolution Abs Limited has no subsidiary companies.

Ultimate parent company

EVOLUTION ABS LIMITED

07024982

EVOLUTION ABS LIMITED Shareholders

mrs margaret janet scarrott	50%
mr daniel james night & naomi knight	49.02%
mr daniel james knight & naomi knight	0.98%

Evolution Abs Limited currently has 2 directors. The longest serving directors include Mrs Margaret Scarrott (Sep 2009) and Mr Daniel Knight (Nov 2019).

officer	country	age	start	end	role
Mrs Margaret Scarrott		64 years	Sep 2009	-	Director
Mr Daniel Knight		41 years	Nov 2019	-	Director

P&L

January 2024

turnover

2.4m

+14%

operating profit

77.3k

gross margin

94.5%

+8.16%

turnover

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

Balance Sheet

January 2024

net assets

500.6k

+0.15%

total assets

894.6k

+0.1%

cash

271.1k

+0.1%

net assets

Total assets minus all liabilities

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company number

07024982

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

September 2009

ultimate parent company

None

previous names

N/A

address

oake house silver street, west buckland, wellington, somerset, TA21 9LR

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 2 charges/mortgages relating to evolution abs limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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evolution abs limited Company Information

evolution abs limited Estimated Valuation

evolution abs limited Estimated Valuation

evolution abs limited Estimated Valuation

Evolution Abs Limited Overview

Evolution Abs Limited Health Check

EVOLUTION ABS LIMITED financials

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evolution abs limited directors

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