EVOLUTION POWER TOOLS LTD

VENTURE ONE LONGACRE CLOSE, HOLBROOK INDUSTRIAL ESTATE, SHEFFIELD, SOUTH YORKSHIRE, S20 3FR

Previous 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-2024
Accounts 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**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 20 (0.0%)
Active Andrew SHORTER 21 Sep 2020 Marketing Director British 1 - 00 (0.0%)
Active Barry BLOOMER 30 Nov 2017 Supply Chain And Procurement Director British 1 - 10 (0.0%)
Resigned Rod Howard DORMAN 08 Nov 2016 31 Aug 2023 Company Director American 0 - 10 (0.0%)
Resigned David Arthur BYGRAVES 01 Jan 2015 31 Jul 2020 Managing Director British 1 - 20 (0.0%)
Resigned Iain FLEMING 01 Jan 2015 07 Dec 2015 Commercial Director British 0 - 21 (50.0%)
Resigned David Arthur BYGRAVES 01 Jan 2015 31 Jul 2020 Managing Director British 0 - 20 (0.0%)
Resigned Paul Carey HARVEY 19 Dec 2013 15 Jul 2014 Customer Service Director British 0 - 10 (0.0%)
Active James Ashley BAMBER 19 Dec 2013 Director British 1 - 00 (0.0%)
Resigned Nicholas Anthony SHAW 06 Dec 2011 20 Jul 2013 Finance Director British 1 - 10 (0.0%)
Resigned Brian HOWARTH 14 Dec 2009 27 Aug 2010 Group Finance Director British 0 - 31 (33.3%)
Resigned Nicola Jane COOK 01 Apr 2006 20 Jan 2009 Accounts British 1 - 20 (0.0%)
Resigned NOMINEE SECRETARIES LTD 30 Sep 1997 30 Sep 1997 1 - 1340367 (27.4%)
Active Matthew James GAVINS 30 Sep 1997 Company Director British 1 - 53 (50.0%)
Number of active directors: 4
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
2018-09-302015-09-302014-09-302013-09-302012-09-30
MATTHEW GAVINSORDINARY25,201
60.0%
42,001
100%
42,001
100%
42,001
100.0%
42,001
90.0%
THE GAVINS CHILDRENS DISCRETIONARY SETTLEMENT 2017ORDINARY12,600
30.0%
0
0%
0
0%
0
0%
0
0%
LOREN GAVINS DISCRETIONARY SETTLEMENT 2017ORDINARY4,200
10.00%
0
0%
0
0%
0
0%
0
0%
MICHAEL GAVINSA ORDINARY0
0%
0
0%
0
0%
6
0.014%
1,751
3.75%
JOAN GAVINSA ORDINARY0
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
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