evolve work ltd
evolve work ltd Company Information
Group Structure
View All
Industry
Other human resources provision
Registered Address
unit 3, 74 old church street, manchester, M40 2JF
Website
www.evolveintegral.comevolve work ltd Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE WORK LTD at £35.1k based on a Turnover of £297.5k and 0.12x industry multiple (adjusted for size and gross margin).
evolve work ltd Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE WORK LTD at £54.3k based on an EBITDA of £26.4k and a 2.05x industry multiple (adjusted for size and gross margin).
evolve work ltd Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE WORK LTD at £0 based on Net Assets of £-54.1k and 1.3x industry multiple (adjusted for liquidity).
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Evolve Work Ltd Overview
Evolve Work Ltd is a live company located in manchester, M40 2JF with a Companies House number of 11977863. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in May 2019, it's largest shareholder is zahid ahmed with a 100% stake. Evolve Work Ltd is a young, micro sized company, Pomanda has estimated its turnover at £297.5k with high growth in recent years.
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Evolve Work Ltd Health Check
Pomanda's financial health check has awarded Evolve Work Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £297.5k, make it smaller than the average company (£6.6m)
- Evolve Work Ltd
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (10%)
- Evolve Work Ltd
10% - Industry AVG
Production
with a gross margin of 6%, this company has a higher cost of product (21.8%)
- Evolve Work Ltd
21.8% - Industry AVG
Profitability
an operating margin of 8.9% make it more profitable than the average company (1.7%)
- Evolve Work Ltd
1.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (61)
5 - Evolve Work Ltd
61 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has an equivalent pay structure (£56.6k)
- Evolve Work Ltd
£56.6k - Industry AVG
Efficiency
resulting in sales per employee of £59.5k, this is less efficient (£91.7k)
- Evolve Work Ltd
£91.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Evolve Work Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Evolve Work Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Evolve Work Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Evolve Work Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 439.3%, this is a higher level of debt than the average (82.3%)
439.3% - Evolve Work Ltd
82.3% - Industry AVG
EVOLVE WORK LTD financials
Evolve Work Ltd's latest turnover from May 2024 is estimated at £297.5 thousand and the company has net assets of -£54.1 thousand. According to their latest financial statements, Evolve Work Ltd has 5 employees and maintains cash reserves of £16 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 5 | 5 | 2 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | |||||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | |||||
| Stock & work in progress | |||||
| Trade Debtors | 24,409 | ||||
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | 15,958 | 9,885 | 458 | 4,222 | 43,483 |
| misc current assets | |||||
| total current assets | 15,958 | 9,885 | 458 | 28,631 | 43,483 |
| total assets | 15,958 | 9,885 | 458 | 28,631 | 43,483 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 290 | ||||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 290 | ||||
| loans | 46,432 | 51,288 | |||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 70,102 | 84,371 | 55,399 | ||
| provisions | |||||
| total long term liabilities | 70,102 | 84,371 | 46,432 | 51,288 | 55,399 |
| total liabilities | 70,102 | 84,371 | 46,722 | 51,288 | 55,399 |
| net assets | -54,144 | -74,486 | -46,264 | -22,657 | -11,916 |
| total shareholders funds | -54,144 | -74,486 | -46,264 | -22,657 | -11,916 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | -24,409 | 24,409 | |||
| Creditors | -290 | 290 | |||
| Accruals and Deferred Income | |||||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | -46,432 | -4,856 | 51,288 | ||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -14,269 | 84,371 | -55,399 | 55,399 | |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 6,073 | 9,427 | -3,764 | -39,261 | 43,483 |
| overdraft | |||||
| change in cash | 6,073 | 9,427 | -3,764 | -39,261 | 43,483 |
evolve work ltd Credit Report and Business Information
Evolve Work Ltd Competitor Analysis
Perform a competitor analysis for evolve work ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in M40 area or any other competitors across 12 key performance metrics.
evolve work ltd Ownership
EVOLVE WORK LTD group structure
Evolve Work Ltd has no subsidiary companies.
Ultimate parent company
EVOLVE WORK LTD
11977863
evolve work ltd directors
Evolve Work Ltd currently has 1 director, Mr Zahid Ahmed serving since Apr 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zahid Ahmed | United Kingdom | 36 years | Apr 2023 | - | Director |
P&L
May 2024turnover
297.5k
+14%
operating profit
26.4k
0%
gross margin
6.1%
-23.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-54.1k
-0.27%
total assets
16k
+0.61%
cash
16k
+0.61%
net assets
Total assets minus all liabilities
evolve work ltd company details
company number
11977863
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
unit 3, 74 old church street, manchester, M40 2JF
Bank
-
Legal Advisor
-
evolve work 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 work ltd.
evolve work 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 work ltd Companies House Filings - See Documents
| date | description | view/download |
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