evolving systems bls limited
evolving systems bls limited Company Information
Company Number
10723209
Next Accounts
392 days late
Industry
Computer consultancy activities
Ready-made interactive leisure and entertainment software development
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 bls limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £5.5m based on a Turnover of £4.6m and 1.19x industry multiple (adjusted for size and gross margin).
evolving systems bls limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £0 based on an EBITDA of £-1.3m and a 6.57x industry multiple (adjusted for size and gross margin).
evolving systems bls limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVING SYSTEMS BLS LIMITED at £0 based on Net Assets of £-3.5m and 2.2x industry multiple (adjusted for liquidity).
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Evolving Systems Bls Limited Overview
Evolving Systems Bls Limited is a live company located in manchester, M30 0BL with a Companies House number of 10723209. It operates in the other software publishing sector, SIC Code 58290. Founded in April 2017, it's largest shareholder is eti-net inc. with a 100% stake. Evolving Systems Bls Limited is a young, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.
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Evolving Systems Bls Limited Health Check
Pomanda's financial health check has awarded Evolving Systems Bls Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £4.6m, make it in line with the average company (£4.5m)
£4.6m - Evolving Systems Bls Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.9%)
-3% - Evolving Systems Bls Limited
5.9% - Industry AVG
Production
with a gross margin of 87.5%, this company has a lower cost of product (54.4%)
87.5% - Evolving Systems Bls Limited
54.4% - Industry AVG
Profitability
an operating margin of -29.5% make it less profitable than the average company (6.2%)
-29.5% - Evolving Systems Bls Limited
6.2% - Industry AVG
Employees
with 59 employees, this is above the industry average (28)
59 - Evolving Systems Bls Limited
28 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Evolving Systems Bls Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is less efficient (£139.7k)
£77.6k - Evolving Systems Bls Limited
£139.7k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (55 days)
98 days - Evolving Systems Bls Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (30 days)
13 days - Evolving Systems Bls Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Evolving Systems Bls Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Evolving Systems Bls Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 224.8%, this is a higher level of debt than the average (57.5%)
224.8% - Evolving Systems Bls Limited
57.5% - Industry AVG
EVOLVING SYSTEMS BLS LIMITED financials
Evolving Systems Bls Limited's latest turnover from March 2022 is £4.6 million and the company has net assets of -£3.5 million. According to their latest financial statements, Evolving Systems Bls Limited has 59 employees and maintains cash reserves of £374.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|
| Turnover | 4,575,696 | 4,525,346 | 5,040,788 | 3,535,783 | 2,925,156 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 572,820 | 527,567 | 2,787,003 | 1,438,398 | 1,160,558 |
| Gross Profit | 4,002,876 | 3,997,779 | 2,253,785 | 2,097,385 | 1,764,598 |
| Admin Expenses | 5,351,371 | 4,765,129 | 3,296,195 | 2,863,093 | 1,308,791 |
| Operating Profit | -1,348,495 | -767,350 | -1,042,410 | -765,708 | 455,807 |
| Interest Payable | 0 | 0 | 12,223 | 52,673 | 37,959 |
| Interest Receivable | 0 | 48,065 | 13 | 0 | 0 |
| Pre-Tax Profit | -1,348,495 | -719,285 | -1,054,620 | -818,381 | 417,848 |
| Tax | 204,947 | 73,383 | 33,942 | -223,528 | -213,649 |
| Profit After Tax | -1,143,548 | -645,902 | -1,020,678 | -1,041,909 | 204,199 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,143,548 | -645,902 | -1,020,678 | -1,041,909 | 204,199 |
| Employee Costs | 0 | 0 | 0 | ||
| Number Of Employees | 59 | 60 | 69 | 72 | 76 |
| EBITDA* | -1,296,432 | -727,687 | -997,023 | -695,302 | 484,977 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,816 | 17,660 | 16,538 | 11,997 | 28,126 |
| Intangible Assets | 33,029 | 73,172 | 105,286 | 297,850 | 350,195 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 35,845 | 90,832 | 121,824 | 309,847 | 378,321 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,231,557 | 1,704,523 | 1,494,235 | 2,249,235 | 2,750,631 |
| Group Debtors | 222,063 | 100,391 | 0 | 0 | 0 |
| Misc Debtors | 912,287 | 967,160 | 672,986 | 372,551 | 224,603 |
| Cash | 374,492 | 54,881 | 371,244 | 225,089 | 781,677 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,740,399 | 2,826,955 | 2,538,465 | 2,846,875 | 3,756,911 |
| total assets | 2,776,244 | 2,917,787 | 2,660,289 | 3,156,722 | 4,135,232 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,642 | 61,109 | 18,186 | 71,345 | 78,854 |
| Group/Directors Accounts | 5,697,433 | 4,256,189 | 3,079,299 | 2,660,369 | 624,367 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 523,592 | 922,364 | 869,948 | 711,550 | 1,727,765 |
| total current liabilities | 6,241,667 | 5,239,662 | 3,967,433 | 3,443,264 | 2,430,986 |
| loans | 0 | 0 | 368,829 | 368,753 | 998,654 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 293,565 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 368,829 | 368,753 | 1,292,219 |
| total liabilities | 6,241,667 | 5,239,662 | 4,336,262 | 3,812,017 | 3,723,205 |
| net assets | -3,465,423 | -2,321,875 | -1,675,973 | -655,295 | 412,027 |
| total shareholders funds | -3,465,423 | -2,321,875 | -1,675,973 | -655,295 | 412,027 |
| Mar 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -1,348,495 | -767,350 | -1,042,410 | -765,708 | 455,807 |
| Depreciation | 11,920 | 7,549 | 12,523 | 18,061 | 1,483 |
| Amortisation | 40,143 | 32,114 | 32,864 | 52,345 | 27,687 |
| Tax | 204,947 | 73,383 | 33,942 | -223,528 | -213,649 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,365,907 | 604,853 | -454,565 | -353,448 | 2,975,234 |
| Creditors | 20,642 | 42,923 | -53,159 | -7,509 | 78,854 |
| Accruals and Deferred Income | 523,592 | 52,416 | 158,398 | -1,016,215 | 1,727,765 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,913,158 | -1,163,818 | -403,277 | -1,589,106 | -897,287 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,697,433 | 1,176,890 | 418,930 | 2,036,002 | 624,367 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -368,829 | 76 | -629,901 | 998,654 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -293,565 | 293,565 |
| share issue | |||||
| interest | 0 | 48,065 | -12,210 | -52,673 | -37,959 |
| cash flow from financing | 3,375,558 | 856,126 | 406,796 | 1,034,450 | 2,086,455 |
| cash and cash equivalents | |||||
| cash | 374,492 | -316,363 | 146,155 | -556,588 | 781,677 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 374,492 | -316,363 | 146,155 | -556,588 | 781,677 |
evolving systems bls limited Credit Report and Business Information
Evolving Systems Bls Limited Competitor Analysis
Perform a competitor analysis for evolving systems bls limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in M30 area or any other competitors across 12 key performance metrics.
evolving systems bls limited Ownership
EVOLVING SYSTEMS BLS LIMITED group structure
Evolving Systems Bls Limited has no subsidiary companies.
Ultimate parent company
EVOLVING SYSTEMS INC
#0048386
1 parent
EVOLVING SYSTEMS BLS LIMITED
10723209
evolving systems bls limited directors
Evolving Systems Bls 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 2022turnover
4.6m
0%
operating profit
-1.3m
0%
gross margin
87.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
-3.5m
0%
total assets
2.8m
0%
cash
374.5k
0%
net assets
Total assets minus all liabilities
evolving systems bls limited company details
company number
10723209
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62011 - Ready-made interactive leisure and entertainment software development
58290 - Other software publishing
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2022
previous names
N/A
accountant
-
auditor
BDO LLP
address
4th floor 2 city approach, albert street, manchester, M30 0BL
Bank
-
Legal Advisor
-
evolving systems bls 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 4 charges/mortgages relating to evolving systems bls limited. Currently there are 3 open charges and 1 have been satisfied in the past.
evolving systems bls 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.
Click to start generating capital raising & share issue transactions for EVOLVING SYSTEMS BLS LIMITED. This can take several minutes, an email will notify you when this has completed.
evolving systems bls limited Companies House Filings - See Documents
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