evolve advice ltd

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evolve advice ltd Company Information

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Company Number

10811635

Directors

Jake Wiid

Clive Atkins

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Shareholders

jake wiid

daniel baker

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Group Structure

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Industry

Other education n.e.c.

 

Registered Address

the old bank 21 market place, long buckby, northampton, NN6 7RR

evolve advice ltd Estimated Valuation

£483.8k

Pomanda estimates the enterprise value of EVOLVE ADVICE LTD at £483.8k based on a Turnover of £836.6k and 0.58x industry multiple (adjusted for size and gross margin).

evolve advice ltd Estimated Valuation

£37.2k

Pomanda estimates the enterprise value of EVOLVE ADVICE LTD at £37.2k based on an EBITDA of £12k and a 3.11x industry multiple (adjusted for size and gross margin).

evolve advice ltd Estimated Valuation

£236.1k

Pomanda estimates the enterprise value of EVOLVE ADVICE LTD at £236.1k based on Net Assets of £106.2k and 2.22x industry multiple (adjusted for liquidity).

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Evolve Advice Ltd Overview

Evolve Advice Ltd is a live company located in northampton, NN6 7RR with a Companies House number of 10811635. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in June 2017, it's largest shareholder is jake wiid with a 60% stake. Evolve Advice Ltd is a young, small sized company, Pomanda has estimated its turnover at £836.6k with rapid growth in recent years.

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Evolve Advice Ltd Health Check

Pomanda's financial health check has awarded Evolve Advice Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £836.6k, make it larger than the average company (£477.1k)

£836.6k - Evolve Advice Ltd

£477.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (7.4%)

50% - Evolve Advice Ltd

7.4% - Industry AVG

production

Production

with a gross margin of 30.8%, this company has a higher cost of product (57.3%)

30.8% - Evolve Advice Ltd

57.3% - Industry AVG

profitability

Profitability

an operating margin of 1.4% make it less profitable than the average company (4.9%)

1.4% - Evolve Advice Ltd

4.9% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (12)

6 - Evolve Advice Ltd

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.6k, the company has an equivalent pay structure (£28.6k)

£28.6k - Evolve Advice Ltd

£28.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £139.4k, this is more efficient (£50.8k)

£139.4k - Evolve Advice Ltd

£50.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 109 days, this is later than average (17 days)

109 days - Evolve Advice Ltd

17 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 115 days, this is slower than average (23 days)

115 days - Evolve Advice Ltd

23 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Evolve Advice Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Evolve Advice Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.7%, this is a higher level of debt than the average (21.1%)

70.7% - Evolve Advice Ltd

21.1% - Industry AVG

EVOLVE ADVICE LTD financials

EXPORTms excel logo

Evolve Advice Ltd's latest turnover from March 2024 is estimated at £836.6 thousand and the company has net assets of £106.2 thousand. According to their latest financial statements, Evolve Advice Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover836,552678,421450,441250,329204,97955,71882,183
Other Income Or Grants0000000
Cost Of Sales579,304468,080314,254181,427147,32240,57658,076
Gross Profit257,249210,341136,18868,90257,65715,14324,107
Admin Expenses245,261156,07872,82875,74148,98514,54422,545
Operating Profit11,98854,26363,360-6,8398,6725991,562
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit11,98854,26363,360-6,8398,6725991,562
Tax-2,997-10,310-12,0380-1,648-114-297
Profit After Tax8,99143,95351,322-6,8397,0244851,265
Dividends Paid0000000
Retained Profit8,99143,95351,322-6,8397,0244851,265
Employee Costs171,560136,95252,20251,60049,62224,39547,246
Number Of Employees6522212
EBITDA*11,98854,26363,360-6,8398,6725991,562

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets109,39082,0209,7431,7438035660
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets109,39082,0209,7431,7438035660
Stock & work in progress0000000
Trade Debtors251,564216,563158,15872,82458,30914,01613,352
Group Debtors0000000
Misc Debtors2,000000000
Cash0000000
misc current assets0000000
total current assets253,564216,563158,15872,82458,30914,01613,352
total assets362,954298,583167,90174,56759,11214,58213,352
Bank overdraft0000000
Bank loan0000000
Trade Creditors 183,521155,482114,40472,39250,09812,59212,087
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities183,521155,482114,40472,39250,09812,59212,087
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income2402402402402402400
other liabilities72,99245,65100000
provisions0000000
total long term liabilities73,23245,8912402402402400
total liabilities256,753201,373114,64472,63250,33812,83212,087
net assets106,20197,21053,2571,9358,7741,7501,265
total shareholders funds106,20197,21053,2571,9358,7741,7501,265
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit11,98854,26363,360-6,8398,6725991,562
Depreciation0000000
Amortisation0000000
Tax-2,997-10,310-12,0380-1,648-114-297
Stock0000000
Debtors37,00158,40585,33414,51544,29366413,352
Creditors28,03941,07842,01222,29437,50650512,087
Accruals and Deferred Income000002400
Deferred Taxes & Provisions0000000
Cash flow from operations2926,6268,0009402375660
Investing Activities
capital expenditure-27,370-72,277-8,000-940-237-5660
Change in Investments0000000
cash flow from investments-27,370-72,277-8,000-940-237-5660
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities27,34145,65100000
share issue0000000
interest0000000
cash flow from financing27,34145,65100000
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

evolve advice ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Evolve Advice Ltd Competitor Analysis

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Perform a competitor analysis for evolve advice ltd by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in NN6 area or any other competitors across 12 key performance metrics.

evolve advice ltd Ownership

EVOLVE ADVICE LTD group structure

Evolve Advice Ltd has no subsidiary companies.

Ultimate parent company

EVOLVE ADVICE LTD

10811635

EVOLVE ADVICE LTD Shareholders

jake wiid 60%
daniel baker 20%
clive hamilton atkins 20%

evolve advice ltd directors

Evolve Advice Ltd currently has 3 directors. The longest serving directors include Mr Jake Wiid (Jun 2017) and Mr Clive Atkins (Jun 2017).

officercountryagestartendrole
Mr Jake WiidEngland39 years Jun 2017- Director
Mr Clive AtkinsUnited Kingdom70 years Jun 2017- Director
Mr Daniel BakerEngland50 years Jun 2017- Director

P&L

March 2024

turnover

836.6k

+23%

operating profit

12k

0%

gross margin

30.8%

-0.82%

turnover

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

Balance Sheet

March 2024

net assets

106.2k

+0.09%

total assets

363k

+0.22%

cash

0

0%

net assets

Total assets minus all liabilities

evolve advice ltd company details

company number

10811635

Type

Private limited with Share Capital

industry

85590 - Other education n.e.c.

incorporation date

June 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

MARKET PLACE ACCOUNTING SERVICES

auditor

-

address

the old bank 21 market place, long buckby, northampton, NN6 7RR

Bank

-

Legal Advisor

-

evolve advice ltd 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 did not find charges/mortgages relating to evolve advice ltd.

evolve advice ltd 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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evolve advice ltd Companies House Filings - See Documents

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