Evolve Dynamics Limited

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evolve dynamics limited Company Information

Company Number

10489160

Next Accounts

Sep 2025

Directors

Michael Dewhirst

Melvyn Sims

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Shareholders

peter geoffrey cullum

michael dewhirst

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Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

Registered Address

redhill chambers 2d high street, redhill, surrey, RH1 1RJ

Website

evolvedynamics.com

evolve dynamics limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of EVOLVE DYNAMICS LIMITED at £6.4m based on an EBITDA of £1.4m and a 4.44x industry multiple (adjusted for size and gross margin).

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Evolve Dynamics Limited is a live company located in surrey, RH1 1RJ with a Companies House number of 10489160. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in November 2016, it's largest shareholder is peter geoffrey cullum with a 21.2% stake. Evolve Dynamics Limited is a young, small sized company, Pomanda has estimated its turnover at £3.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Evolve Dynamics Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£12.5m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (5.3%)

EXPORT

Evolve Dynamics Limited's latest turnover from December 2023 is estimated at £3.5 million and the company has net assets of -£283.3 thousand. According to their latest financial statements, Evolve Dynamics Limited has 24 employees and maintains cash reserves of £49.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Turnover	3,518,070	3,229,492	1,422,973	1,486,219	320,394	371,398	100,160
Other Income Or Grants
Cost Of Sales	2,438,312	2,201,867	992,271	1,044,989	222,480	255,466	66,954
Gross Profit	1,079,758	1,027,625	430,703	441,230	97,914	115,932	33,206
Admin Expenses	-240,657	1,810,788	1,709,078	1,386,552	439,638	348,746	88,379
Operating Profit	1,320,415	-783,163	-1,278,375	-945,322	-341,724	-232,814	-55,173
Interest Payable	102,437	45,527	32,125	17,381	7,841	5
Interest Receivable	38,642	22,244	38	8	5	1
Pre-Tax Profit	1,256,620	-806,445	-1,310,462	-962,694	-349,560	-232,819	-55,173
Tax	-314,155
Profit After Tax	942,465	-806,445	-1,310,462	-962,694	-349,560	-232,819	-55,173
Dividends Paid
Retained Profit	942,465	-806,445	-1,310,462	-962,694	-349,560	-232,819	-55,173
Employee Costs	1,245,573	751,389	680,224	541,263	133,557	131,311	41,664
Number Of Employees	24	16	15	12	3	3	1
EBITDA*	1,440,846	-758,053	-1,262,523	-937,431	-338,676	-231,759	-55,063

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Tangible Assets	371,963	274,760	61,041	45,318	8,846	3,163	330
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	371,963	274,760	61,041	45,318	8,846	3,163	330
Stock & work in progress	1,278,760	2,623,121	181,723	132,959	26,280
Trade Debtors	362,229	19,556	144,926	241,697	35,401
Group Debtors
Misc Debtors	661,391	1,369,394	59,306	59,222	9,327	14,643	2,309
Cash	49,638	1,422,443	60,510	15,160	1,345		143
misc current assets
total current assets	2,352,018	5,434,514	446,465	449,038	72,353	14,643	2,452
total assets	2,723,981	5,709,274	507,506	494,356	81,199	17,806	2,782
Bank overdraft	12	12				153
Bank loan	9,870	9,870
Trade Creditors	673,170	864,834	301,150	258,726	70,025	32,942	4,333
Group/Directors Accounts							46,186
other short term finances	1,500,030	260,447	326,436	146,936	66,436
hp & lease commitments
other current liabilities	809,148	5,774,121	643,362	152,763	18,627	5,950	7,336
total current liabilities	2,992,230	6,909,284	1,270,948	558,425	155,088	39,045	57,855
loans	15,081	25,785	389,150	190,744	165,744
hp & lease commitments
Accruals and Deferred Income
other liabilities				314,074	397,819	266,653
provisions
total long term liabilities	15,081	25,785	389,150	504,818	563,563	266,653
total liabilities	3,007,311	6,935,069	1,660,098	1,063,243	718,651	305,698	57,855
net assets	-283,330	-1,225,795	-1,152,592	-568,887	-637,452	-287,892	-55,073
total shareholders funds	-283,330	-1,225,795	-1,152,592	-568,887	-637,452	-287,892	-55,073

	Dec 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Operating Activities
Operating Profit	1,320,415	-783,163	-1,278,375	-945,322	-341,724	-232,814	-55,173
Depreciation	120,431	25,110	15,852	7,891	3,048	1,055	110
Amortisation
Tax	-314,155
Stock	-1,344,361	2,441,398	48,764	106,679	26,280
Debtors	-365,330	1,184,718	-96,687	256,191	30,085	12,334	2,309
Creditors	-191,664	563,684	42,424	188,701	37,083	28,609	4,333
Accruals and Deferred Income	-4,964,973	5,130,759	490,599	134,136	12,677	-1,386	7,336
Deferred Taxes & Provisions
Cash flow from operations	-2,320,255	1,310,274	-681,577	-977,464	-345,281	-216,870	-45,703
Investing Activities
capital expenditure	-217,634	-238,829	-31,575	-44,363	-8,731	-3,888	-440
Change in Investments
cash flow from investments	-217,634	-238,829	-31,575	-44,363	-8,731	-3,888	-440
Financing Activities
Bank loans		9,870
Group/Directors Accounts						-46,186	46,186
Other Short Term Loans	1,239,583	-65,989	179,500	80,500	66,436
Long term loans	-10,704	-363,365	198,406	25,000	165,744
Hire Purchase and Lease Commitments
other long term liabilities			-314,074	-83,745	131,166	266,653
share issue		733,242	726,757	1,031,259			100
interest	-63,795	-23,283	-32,087	-17,373	-7,836	-4
cash flow from financing	1,165,084	290,475	758,502	1,035,641	355,510	220,463	46,286
cash and cash equivalents
cash	-1,372,805	1,361,933	45,350	13,815	1,345	-143	143
overdraft		12			-153	153
change in cash	-1,372,805	1,361,921	45,350	13,815	1,498	-296	143

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 evolve dynamics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in RH1 area or any other competitors across 12 key performance metrics.

EVOLVE DYNAMICS LIMITED group structure

Evolve Dynamics Limited has 1 subsidiary company.

Ultimate parent company

EVOLVE DYNAMICS LIMITED

10489160

1 subsidiary

EXA IRIS LIMITED

10496539

EVOLVE DYNAMICS LIMITED Shareholders

peter geoffrey cullum	21.25%
michael dewhirst	16.14%
cass enterpreneurship investments 2016 llp	10.09%
foresight enterprise vct plc	6.52%
lidija valteris	6.49%
foresight vct plc	6.46%
mayes ghazi wadi	5.45%
vision engineering ltd	5.09%
jonathan mark pocock	3.09%
em3 sme finance ii limited	2.91%

Evolve Dynamics Limited currently has 5 directors. The longest serving directors include Mr Michael Dewhirst (Nov 2016) and Mr Melvyn Sims (Aug 2023).

officer	country	age	start	end	role
Mr Michael Dewhirst	England	49 years	Nov 2016	-	Director
Mr Melvyn Sims	England	68 years	Aug 2023	-	Director
Ms Helen Reynolds	United Kingdom	48 years	Aug 2023	-	Director
Mr Hugh Minnock	United Kingdom	37 years	Apr 2024	-	Director
Mr Victor Chavez	England	62 years	Apr 2024	-	Director

P&L

December 2023

turnover

3.5m

+9%

operating profit

1.3m

gross margin

30.7%

-3.55%

turnover

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

Balance Sheet

December 2023

net assets

-283.3k

-0.77%

total assets

2.7m

-0.52%

cash

49.6k

-0.97%

net assets

Total assets minus all liabilities

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company number

10489160

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

November 2016

ultimate parent company

None

previous names

N/A

address

redhill chambers 2d high street, redhill, surrey, RH1 1RJ

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 evolve dynamics limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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evolve dynamics limited Company Information

evolve dynamics limited Estimated Valuation

evolve dynamics limited Estimated Valuation

evolve dynamics limited Estimated Valuation

Evolve Dynamics Limited Overview

Evolve Dynamics Limited Health Check

EVOLVE DYNAMICS LIMITED financials

evolve dynamics limited Credit Report and Business Information

Evolve Dynamics Limited Competitor Analysis

evolve dynamics limited Ownership

evolve dynamics limited directors

evolve dynamics limited company details

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