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EVOLUTION POWER TOOLS LTD
VENTURE ONE LONGACRE CLOSE, HOLBROOK INDUSTRIAL ESTATE, SHEFFIELD, SOUTH YORKSHIRE, S20 3FRPrevious name: HI TECH EVOLUTION EUROPE LIMITED (changed on 10-Mar-2006)
Company Number: 03442268
Incorporation date: 30-Sep-1997
Status: Active
Entity type: Private Limited Company
SIC codes:
46620 Wholesale of machine tools
SUMMARY
This company is 26.5 years old and is currently active. It is controlled by Mr Matthew Gavins. The company has positive equity (net assets) of GBP 14.7 million which has decreased from the previous year's figure of GBP 14.9 million. The company has 3 active officers (directors or partners) who are or were officers of 4 other companies, 1 (25.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: GROUP (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 219,603 | |||||
31-Dec-2021 | GBP | 4,839,191 | |||||
31-Dec-2020 | GBP | 3,673,346 | |||||
31-Dec-2019 | GBP | 40,381,680 | 2,189,003 | -20,886 | 470,030 | 74,889 | 1,628,198 |
31-Dec-2018 | GBP | 40,374,016 | 3,452,976 | 1 | 414,750 | 900,234 | 2,137,993 |
31-Dec-2016 | GBP | 30,453,344 | 4,060,319 | 118,736 | 392,314 | 3,549,269 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 1,239,770 | 17,146,034 | 6,619,050 | 42,001 | 14,694,010 | 14,744,012 | ||
31-Dec-2021 | GBP | 619,375 | 25,069,774 | 18,742,219 | 1,442,005 | 42,001 | 14,834,407 | 14,884,409 | |
31-Dec-2020 | GBP | 550,388 | 20,167,790 | 11,387,823 | 2,605,717 | 42,001 | 10,375,218 | ||
31-Dec-2019 | GBP | 260,400 | 13,789,034 | 8,339,627 | 3,085,087 | 42,001 | 8,001 | 6,936,870 | 6,986,872 |
31-Dec-2018 | GBP | 381,482 | 15,877,663 | 10,847,293 | 3,617,852 | 42,001 | 8,001 | 5,477,722 | 5,527,724 |
31-Dec-2016 | GBP | 690,058 | 15,986,086 | 7,788,079 | 3,152,098 | 42,001 | 10,857,598 | 10,912,100 |
CONSOLIDATED FINANCIALS
P&L Financials:Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 47,208,705 | 836,202 | 411,014 | -93,529 | 518,717 | |
31-Dec-2021 | GBP | 59,808,557 | 6,211,349 | 234,702 | 731,728 | 5,244,919 | |
31-Dec-2020 | GBP | 51,409,265 | 3,891,411 | 333,179 | 426,773 | 3,131,459 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 16,228,451 | 990,713 | 42,001 | 17,284,730 | 17,339,232 | |||
31-Dec-2021 | GBP | -4,170,701 | 17,653,198 | 5,484,169 | 42,001 | 17,166,180 | 17,220,682 | ||
31-Dec-2020 | GBP | -3,567,182 | 8,292,584 | 4,957,031 | 42,001 | 11,761,013 | 11,815,515 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Robert John BATES | 04 Oct 2019 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Danny Peter TAYLOR | 04 Dec 2017 | 16 Aug 2019 | 0 - 1 | ||
Resigned | Nicola Jane COOK | 01 Apr 2006 | 27 Jan 2009 | Accounts | British | 1 - 2 |
Resigned | Matthew James GAVINS | 30 Sep 1997 | 01 Apr 2006 | Company Director | British | 1 - 5 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Resigned | Andrew Craig DICKINSON | 21 Sep 2020 | 17 May 2021 | Finance Director | British | 3 - 2 | 0 (0.0%) |
Active | Andrew SHORTER | 21 Sep 2020 | Marketing Director | British | 1 - 0 | 0 (0.0%) | |
Active | Barry BLOOMER | 30 Nov 2017 | Supply Chain And Procurement Director | British | 1 - 1 | 0 (0.0%) | |
Resigned | Rod Howard DORMAN | 08 Nov 2016 | 31 Aug 2023 | Company Director | American | 0 - 1 | 0 (0.0%) |
Resigned | David Arthur BYGRAVES | 01 Jan 2015 | 31 Jul 2020 | Managing Director | British | 1 - 2 | 0 (0.0%) |
Resigned | Iain FLEMING | 01 Jan 2015 | 07 Dec 2015 | Commercial Director | British | 0 - 2 | 1 (50.0%) |
Resigned | David Arthur BYGRAVES | 01 Jan 2015 | 31 Jul 2020 | Managing Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Paul Carey HARVEY | 19 Dec 2013 | 15 Jul 2014 | Customer Service Director | British | 0 - 1 | 0 (0.0%) |
Active | James Ashley BAMBER | 19 Dec 2013 | Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Nicholas Anthony SHAW | 06 Dec 2011 | 20 Jul 2013 | Finance Director | British | 1 - 1 | 0 (0.0%) |
Resigned | Brian HOWARTH | 14 Dec 2009 | 27 Aug 2010 | Group Finance Director | British | 0 - 3 | 1 (33.3%) |
Resigned | Nicola Jane COOK | 01 Apr 2006 | 20 Jan 2009 | Accounts | British | 1 - 2 | 0 (0.0%) |
Resigned | NOMINEE SECRETARIES LTD | 30 Sep 1997 | 30 Sep 1997 | 1 - 1340 | 367 (27.4%) | ||
Active | Matthew James GAVINS | 30 Sep 1997 | Company Director | British | 1 - 5 | 3 (50.0%) |
Average tenure of active directors: 11.7 years
Average tenure of resigned directors: 2.5 years
Average active director Dissolution Rate: 12.5%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||||
---|---|---|---|---|---|
THORNTONS LIMITED (00174706) - Active | ✔ | ||||
EVOLUTION POWER TOOLS LTD (03442268) - Active | ✔ | ✔ | ✔ | ✔ | |
EVOLUTION CONSTRUCT LIMITED (06434508) - Dissolved | ✔ | ||||
IMMACULATE CONCEPTION ACADEMY TRUST (09269589) - Active | ✔ | ||||
KIND POWER LTD (09580959) - Dissolved | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2018-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | ||
MATTHEW GAVINS | ORDINARY | 25,201 60.0% | 42,001 100% | 42,001 100% | 42,001 100.0% | 42,001 90.0% |
THE GAVINS CHILDRENS DISCRETIONARY SETTLEMENT 2017 | ORDINARY | 12,600 30.0% | 0 0% | 0 0% | 0 0% | 0 0% |
LOREN GAVINS DISCRETIONARY SETTLEMENT 2017 | ORDINARY | 4,200 10.00% | 0 0% | 0 0% | 0 0% | 0 0% |
MICHAEL GAVINS | A ORDINARY | 0 0% | 0 0% | 0 0% | 6 0.014% | 1,751 3.75% |
JOAN GAVINS | A ORDINARY | 0 0% | 0 0% | 0 0% | 0 0% | 2,920 6.26% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
EVOLUTION POWER TOOLS LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
Title | Date filed | Status | Publication number |
---|---|---|---|
Low Profile Workpiece Clamp for Mitre Saw | 2011-05-25 | Terminated | GB2480763 |
Handle for Mitre Saw Operated Using Either or Both Hands | 2011-05-25 | Granted | GB2480761 |
Mitre saw with chip deflector | 2008-12-18 | Granted | GB2455876 |
Electric compactor | 2008-12-12 | Terminated | GB2455627 |
Mitre Saw | 2007-04-26 | Granted | GB2438285 |
COMPETITORS
(Based on Sic code:
46620 Wholesale of machine tools)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
DRAPER TOOLS LIMITED | DRAPER TOOLS LIMITED, HURSLEY ROAD, CHANDLER'S FORD, EASTLEIGH, HAMPSHIRE, SO53 1YF | 00570630 | 2017-08-31 | 54,410,561 | 2,596,145 | |
AXMINSTER TOOL CENTRE LTD | UNIT 10 WEYCROFT AVENUE, AXMINSTER, DEVON, EX13 5PH | 03326979 | 2018-04-30 | 42,688,332 | 4,385,207 |
47789-Other retail sale of new goods in specialised stores (not commercial art galleries and opticians) |
J.R. WEBSTER AND COMPANY LIMITED | PRINCE WILLIAM AVENUE, SANDYCROFT, DEESIDE, CLWYD, CH5 2QZ | 01349584 | 2017-05-31 | 6,691,053 | 0 | |
EMAK UK LIMITED | UNIT 8 ZONE 4, BURNTWOOD BUSINESS PARK, BURNTWOOD, STAFFORDSHIRE, WS7 3XD | 01306606 | 2017-12-31 | 3,336,022 | 0 | |
ANGLIA PIPE TOOLS LIMITED | UNIT 1 DODDS FARM, HATFIELD BROAD OAK, BISHOPS STORTFORD, HERTFORDSHIRE, CM22 7JX | 03954747 | 2018-05-31 | 336,865 | 0 |
47990-Other retail sale not in stores, stalls or markets |
TARAX TECHNOLOGY LIMITED | 20 CONSTITUTION CRESCENT, DUNDEE, SCOTLAND, DD3 6TT | SC336357 | 2019-01-31 | 176,335 | 0 | |
CREATIVE CTI LTD | 4385, 09060144: COMPANIES HOUSE DEFAULT ADDRESS, CARDIFF, CF14 8LH | 09060144 | 2018-05-31 | 158,588 | 0 | |
UPSTREAM PROCUREMENT SOLUTIONS LTD | 4 WHITEWAY CLOSE, ST. ANNES PARK, BRISTOL, BS4 4DQ | 07777653 | 2017-09-30 | 90,406 | 0 | |
TOOLSUPPLY LIMITED | 20 DOROTHY AVENUE, THURMASTON, LEICESTER, ENGLAND, LE4 8AB | 07080848 | 2018-11-30 | 74,523 | 0 | |
M.B.O. (TOOLS) LIMITED | 73 DOWNHALL LEY, BUNTINGFORD, ENGLAND, SG9 9JT | 03933861 | 2018-02-28 | 38,673 | 0 | |
SEWING PRODUCTS LIMITED | 32 DE MONTFORT STREET, LEICESTER, LEICESTERSHIRE, LE1 7GD | 08706905 | 2017-12-31 | 20,786 | 0 |
46640-Wholesale of machinery for the textile industry and of sewing and knitting machines |
ROTO DISTRIBUTION LIMITED | 4 QUEENS AVENUE, FLAT 3, LONDON, N10 3NR | 07370156 | 2018-01-31 | 7,793 | 0 |
47910-Retail sale via mail order houses or via Internet |
H CRAMER LIMITED | 8 SAINT GEORGES DRIVE, BRINSWORTH, ROTHERHAM, SOUTH YORKSHIRE, S60 5NG | 04260033 | 2018-08-31 | 0 | 0 | |
PHAROS BTS LIMITED | KEYTEC 7 BUSINESS PARK, 26-28 KEMPTON ROAD, PERSHORE, WORCESTERSHIRE, ENGLAND, WR10 2TA | 05067842 | 2018-09-30 | 0 | 0 | |
ENTWISTLE & JOYNT HOLDINGS LIMITED | 62 DARLINGTON STREET EAST, WIGAN, LANCASHIRE, WN1 3AT | 08102651 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
EVOLUTION POWER TOOLS LTD | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.6% | 1.5% | 2.5% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |