evolve 4 solutions limited
evolve 4 solutions limited Company Information
Company Number
12636077
Next Accounts
Sep 2025
Industry
Computer consultancy activities
Business and domestic software development
Shareholders
evolve 4 group limited
Group Structure
View All
Contact
Registered Address
2-8 the interchange latham road, huntingdon, cambridgeshire, PE29 6YE
Website
evolve4.netevolve 4 solutions limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE 4 SOLUTIONS LIMITED at £424.9k based on a Turnover of £911.3k and 0.47x industry multiple (adjusted for size and gross margin).
evolve 4 solutions limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE 4 SOLUTIONS LIMITED at £0 based on an EBITDA of £-308.5k and a 3.04x industry multiple (adjusted for size and gross margin).
evolve 4 solutions limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLVE 4 SOLUTIONS LIMITED at £0 based on Net Assets of £-392.3k and 2.33x industry multiple (adjusted for liquidity).
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Evolve 4 Solutions Limited Overview
Evolve 4 Solutions Limited is a live company located in cambridgeshire, PE29 6YE with a Companies House number of 12636077. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2020, it's largest shareholder is evolve 4 group limited with a 100% stake. Evolve 4 Solutions Limited is a startup, small sized company, Pomanda has estimated its turnover at £911.3k with declining growth in recent years.
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Evolve 4 Solutions Limited Health Check
Pomanda's financial health check has awarded Evolve 4 Solutions Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 10 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
10 Weak
Size
annual sales of £911.3k, make it smaller than the average company (£3.4m)
£911.3k - Evolve 4 Solutions Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (9%)
- Evolve 4 Solutions Limited
9% - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (59%)
10.6% - Evolve 4 Solutions Limited
59% - Industry AVG
Profitability
an operating margin of -34.2% make it less profitable than the average company (5.1%)
-34.2% - Evolve 4 Solutions Limited
5.1% - Industry AVG
Employees
with 12 employees, this is below the industry average (28)
12 - Evolve 4 Solutions Limited
28 - Industry AVG
Pay Structure
on an average salary of £54.4k, the company has an equivalent pay structure (£66.2k)
£54.4k - Evolve 4 Solutions Limited
£66.2k - Industry AVG
Efficiency
resulting in sales per employee of £75.9k, this is less efficient (£129k)
£75.9k - Evolve 4 Solutions Limited
£129k - Industry AVG
Debtor Days
it gets paid by customers after 164 days, this is later than average (59 days)
164 days - Evolve 4 Solutions Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (34 days)
101 days - Evolve 4 Solutions Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (16 days)
75 days - Evolve 4 Solutions Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (17 weeks)
11 weeks - Evolve 4 Solutions Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.4%, this is a higher level of debt than the average (59.6%)
130.4% - Evolve 4 Solutions Limited
59.6% - Industry AVG
EVOLVE 4 SOLUTIONS LIMITED financials
Evolve 4 Solutions Limited's latest turnover from December 2023 is £911.3 thousand and the company has net assets of -£392.3 thousand. According to their latest financial statements, Evolve 4 Solutions Limited has 12 employees and maintains cash reserves of £386.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 911,343 | 926,138 | ||
| Other Income Or Grants | 0 | 0 | ||
| Cost Of Sales | 814,683 | 984,473 | ||
| Gross Profit | 96,660 | -58,335 | ||
| Admin Expenses | 408,544 | 132,630 | ||
| Operating Profit | -311,884 | -190,965 | ||
| Interest Payable | 0 | 0 | ||
| Interest Receivable | 76 | 12 | ||
| Pre-Tax Profit | -311,808 | -190,953 | ||
| Tax | 22,217 | 61,724 | ||
| Profit After Tax | -289,591 | -129,229 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | -289,591 | -129,229 | ||
| Employee Costs | 652,635 | 640,685 | ||
| Number Of Employees | 12 | 13 | 8 | 7 |
| EBITDA* | -308,472 | -187,623 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 20,995 | 6,295 | 9,637 | 10,706 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,995 | 6,295 | 9,637 | 10,706 |
| Stock & work in progress | 168,220 | 0 | 0 | 0 |
| Trade Debtors | 410,220 | 193,457 | 130,216 | 226,237 |
| Group Debtors | 0 | 72,165 | 319,931 | 237,621 |
| Misc Debtors | 304,865 | 107,791 | 30,420 | 65,762 |
| Cash | 386,792 | 315,869 | 308,414 | 59,118 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,270,097 | 689,282 | 788,981 | 588,738 |
| total assets | 1,291,092 | 695,577 | 798,618 | 599,444 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 226,836 | 193,415 | 66,200 | 36,987 |
| Group/Directors Accounts | 742,429 | 186,389 | 187,868 | 244,900 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 714,131 | 418,486 | 517,019 | 317,050 |
| total current liabilities | 1,683,396 | 798,290 | 771,087 | 598,937 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 1,015 | 1,039 |
| total long term liabilities | 0 | 0 | 1,015 | 1,039 |
| total liabilities | 1,683,396 | 798,290 | 772,102 | 599,976 |
| net assets | -392,304 | -102,713 | 26,516 | -532 |
| total shareholders funds | -392,304 | -102,713 | 26,516 | -532 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -311,884 | -190,965 | ||
| Depreciation | 3,412 | 3,342 | 3,127 | 601 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 22,217 | 61,724 | ||
| Stock | 168,220 | 0 | 0 | 0 |
| Debtors | 341,672 | -107,154 | -49,053 | 529,620 |
| Creditors | 33,421 | 127,215 | 29,213 | 36,987 |
| Accruals and Deferred Income | 295,645 | -98,533 | 199,969 | 317,050 |
| Deferred Taxes & Provisions | 0 | -1,015 | -24 | 1,039 |
| Cash flow from operations | -467,081 | 8,922 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 556,040 | -1,479 | -57,032 | 244,900 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 76 | 12 | ||
| cash flow from financing | 556,116 | -1,467 | ||
| cash and cash equivalents | ||||
| cash | 70,923 | 7,455 | 249,296 | 59,118 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 70,923 | 7,455 | 249,296 | 59,118 |
evolve 4 solutions limited Credit Report and Business Information
Evolve 4 Solutions Limited Competitor Analysis
Perform a competitor analysis for evolve 4 solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in PE29 area or any other competitors across 12 key performance metrics.
evolve 4 solutions limited Ownership
EVOLVE 4 SOLUTIONS LIMITED group structure
Evolve 4 Solutions Limited has no subsidiary companies.
Ultimate parent company
EVOLVE 4 SOLUTIONS LIMITED
12636077
evolve 4 solutions limited directors
Evolve 4 Solutions Limited currently has 4 directors. The longest serving directors include Mrs Jacqueline Wild (May 2020) and Mr Michael McDonnell (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jacqueline Wild | England | 57 years | May 2020 | - | Director |
| Mr Michael McDonnell | United Kingdom | 50 years | Jul 2020 | - | Director |
| Mr Peter Graham | England | 51 years | Aug 2023 | - | Director |
| Mr Pat Tracey | England | 46 years | Aug 2023 | - | Director |
P&L
December 2023turnover
911.3k
-2%
operating profit
-311.9k
+63%
gross margin
10.7%
-268.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-392.3k
+2.82%
total assets
1.3m
+0.86%
cash
386.8k
+0.22%
net assets
Total assets minus all liabilities
Similar Companies
evolve 4 solutions limited company details
company number
12636077
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62012 - Business and domestic software development
incorporation date
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CUBE PARTNERS LIMITED
address
2-8 the interchange latham road, huntingdon, cambridgeshire, PE29 6YE
Bank
-
Legal Advisor
-
evolve 4 solutions 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 did not find charges/mortgages relating to evolve 4 solutions limited.
evolve 4 solutions 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.
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evolve 4 solutions limited Companies House Filings - See Documents
| date | description | view/download |
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