evolution technical services (group) limited
evolution technical services (group) limited Company Information
Company Number
07530089
Website
-Registered Address
unit b3 lowfields close, lowfields business park, elland, HX5 9DX
Industry
Combined facilities support activities
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
john lumb 31.6%
mark o'grady 31.6%
View Allevolution technical services (group) limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED at £7m based on a Turnover of £12.2m and 0.57x industry multiple (adjusted for size and gross margin).
evolution technical services (group) limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED at £5.5m based on an EBITDA of £908.8k and a 6.03x industry multiple (adjusted for size and gross margin).
evolution technical services (group) limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED at £3.7m based on Net Assets of £2.1m and 1.8x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Evolution Technical Services (group) Limited Overview
Evolution Technical Services (group) Limited is a live company located in elland, HX5 9DX with a Companies House number of 07530089. It operates in the electrical installation sector, SIC Code 43210. Founded in February 2011, it's largest shareholder is john lumb with a 31.6% stake. Evolution Technical Services (group) Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.2m with rapid growth in recent years.
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Evolution Technical Services (group) Limited Health Check
Pomanda's financial health check has awarded Evolution Technical Services (Group) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £12.2m, make it larger than the average company (£3.4m)
£12.2m - Evolution Technical Services (group) Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 402%, show it is growing at a faster rate (5.4%)
- Evolution Technical Services (group) Limited
5.4% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (24%)
28.2% - Evolution Technical Services (group) Limited
24% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (5.6%)
7.3% - Evolution Technical Services (group) Limited
5.6% - Industry AVG
Employees
with 90 employees, this is above the industry average (67)
90 - Evolution Technical Services (group) Limited
67 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£34.5k)
£37.1k - Evolution Technical Services (group) Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £135.5k, this is more efficient (£105.2k)
£135.5k - Evolution Technical Services (group) Limited
£105.2k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (51 days)
91 days - Evolution Technical Services (group) Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 153 days, this is slower than average (37 days)
153 days - Evolution Technical Services (group) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (7 days)
4 days - Evolution Technical Services (group) Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (22 weeks)
17 weeks - Evolution Technical Services (group) Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.7%, this is a similar level of debt than the average (66.3%)
65.7% - Evolution Technical Services (group) Limited
66.3% - Industry AVG
EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED financials
Evolution Technical Services (Group) Limited's latest turnover from March 2023 is £12.2 million and the company has net assets of £2.1 million. According to their latest financial statements, Evolution Technical Services (Group) Limited has 90 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,192,845 | 11,659,839 | |||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||
| Cost Of Sales | 8,754,791 | 8,735,308 | |||||||||||
| Gross Profit | 3,438,054 | 2,924,531 | |||||||||||
| Admin Expenses | 2,542,731 | 2,238,168 | |||||||||||
| Operating Profit | 895,323 | 686,363 | |||||||||||
| Interest Payable | 13,231 | 0 | |||||||||||
| Interest Receivable | 0 | 0 | |||||||||||
| Pre-Tax Profit | 882,092 | 686,363 | |||||||||||
| Tax | -185,472 | -89,838 | |||||||||||
| Profit After Tax | 696,620 | 596,525 | |||||||||||
| Dividends Paid | 250,000 | 200,000 | |||||||||||
| Retained Profit | 446,620 | 396,525 | |||||||||||
| Employee Costs | 3,336,702 | 3,270,327 | |||||||||||
| Number Of Employees | 90 | 88 | |||||||||||
| EBITDA* | 908,771 | 722,363 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 809,094 | 518,740 | 351,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 42,776 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 809,094 | 518,740 | 643,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 292,958 | 42,776 |
| Stock & work in progress | 119,120 | 131,156 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,061,444 | 2,363,878 | 5,100 | 0 | 0 | 0 | 0 | 0 | 198,275 | 210,617 | 213,185 | 75,088 | 2,000 |
| Group Debtors | 0 | 0 | 0 | 203,675 | 201,185 | 193,901 | 195,723 | 205,556 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 826,515 | 974,217 | 153 | 2,275 | 1,956 | 2,228 | 3,502 | 3,087 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,239,615 | 1,259,049 | 43,556 | 5,674 | 5,501 | 5,639 | 9,099 | 6,936 | 10,780 | 3,616 | 3,947 | 137,930 | 175,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,246,694 | 4,728,300 | 48,809 | 211,624 | 208,642 | 201,768 | 208,324 | 215,579 | 209,055 | 214,233 | 217,132 | 213,018 | 177,000 |
| total assets | 6,055,788 | 5,247,040 | 692,767 | 504,582 | 501,600 | 494,726 | 501,282 | 508,537 | 502,013 | 507,191 | 510,090 | 505,976 | 219,776 |
| Bank overdraft | 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 |
| Trade Creditors | 3,676,441 | 3,383,395 | 2,443 | 13,582 | 11,600 | 4,726 | 11,282 | 8,537 | 2,013 | 7,191 | 10,090 | 5,976 | 19,776 |
| Group/Directors Accounts | 0 | 0 | 199,983 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,676,441 | 3,383,395 | 202,526 | 13,582 | 11,600 | 4,726 | 11,282 | 8,537 | 2,013 | 7,191 | 10,090 | 5,976 | 19,776 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 209,128 | 234,785 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 94,739 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 303,867 | 234,785 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,980,308 | 3,618,180 | 202,526 | 13,582 | 11,600 | 4,726 | 11,282 | 8,537 | 2,013 | 7,191 | 10,090 | 5,976 | 19,776 |
| net assets | 2,075,480 | 1,628,860 | 490,241 | 491,000 | 490,000 | 490,000 | 490,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 200,000 |
| total shareholders funds | 2,075,480 | 1,628,860 | 490,241 | 491,000 | 490,000 | 490,000 | 490,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 200,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 895,323 | 686,363 | |||||||||||
| Depreciation | 13,448 | 36,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -185,472 | -89,838 | |||||||||||
| Stock | -12,036 | 131,156 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 549,864 | 3,332,842 | -200,697 | 2,809 | 7,012 | -3,096 | -9,418 | 10,368 | -12,342 | -2,568 | 138,097 | 73,088 | 2,000 |
| Creditors | 293,046 | 3,380,952 | -11,139 | 1,982 | 6,874 | -6,556 | 2,745 | 6,524 | -5,178 | -2,899 | 4,114 | -13,800 | 19,776 |
| Accruals and Deferred Income | 0 | -100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 94,739 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 573,256 | 549,379 | |||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | |||||||||||
| Change in Investments | 0 | -292,958 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,182 | 42,776 |
| cash flow from investments | 0 | 292,958 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -199,983 | 199,983 | 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 |
| Long term loans | 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 |
| other long term liabilities | -25,657 | 234,785 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -13,231 | 0 | |||||||||||
| cash flow from financing | -38,888 | 776,896 | |||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -19,434 | 1,215,493 | 37,882 | 173 | -138 | -3,460 | 2,163 | -3,844 | 7,164 | -331 | -133,983 | -37,070 | 175,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -19,434 | 1,215,493 | 37,882 | 173 | -138 | -3,460 | 2,163 | -3,844 | 7,164 | -331 | -133,983 | -37,070 | 175,000 |
evolution technical services (group) limited Credit Report and Business Information
Evolution Technical Services (group) Limited Competitor Analysis
Perform a competitor analysis for evolution technical services (group) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in HX5 area or any other competitors across 12 key performance metrics.
evolution technical services (group) limited Ownership
EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED group structure
Evolution Technical Services (Group) Limited has 3 subsidiary companies.
Ultimate parent company
EVOLUTION TECHNICAL SERVICES (GROUP) LIMITED
07530089
3 subsidiaries
evolution technical services (group) limited directors
Evolution Technical Services (Group) Limited currently has 3 directors. The longest serving directors include Mr John Lumb (Feb 2011) and Mr Richard O'Grady (Mar 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Lumb | England | 52 years | Feb 2011 | - | Director |
| Mr Richard O'Grady | England | 61 years | Mar 2011 | - | Director |
| Mr Matthew Carver | England | 54 years | Dec 2016 | - | Director |
P&L
March 2023turnover
12.2m
+5%
operating profit
895.3k
+30%
gross margin
28.2%
+12.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.1m
+0.27%
total assets
6.1m
+0.15%
cash
1.2m
-0.02%
net assets
Total assets minus all liabilities
Similar Companies
evolution technical services (group) limited company details
company number
07530089
Type
Private limited with Share Capital
industry
43210 - Electrical installation
81100 - Combined facilities support activities
43220 - Plumbing, heat and air-conditioning installation
incorporation date
February 2011
age
13
incorporated
UK
accounts
Group
ultimate parent company
previous names
stroma evolution limited (April 2017)
last accounts submitted
March 2023
address
unit b3 lowfields close, lowfields business park, elland, HX5 9DX
accountant
-
auditor
SAGARS ACCOUNTANTS LTD
evolution technical services (group) 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 2 charges/mortgages relating to evolution technical services (group) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
evolution technical services (group) limited Companies House Filings - See Documents
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