EVOLUTION POWER TOOLS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
None on the register
Cash
£5M
+40.4% highest in 5 filed years
Net assets
£24M
+19.7% highest in 5 filed years
Employees
144
+4.3% highest in 5 filed years
Profit before tax
£5M
+43.2% vs 2023
Name history
Renamed 2 times since incorporation
- EVOLUTION POWER TOOLS LTD 2006-03-10 → present
- HI TECH EVOLUTION EUROPE LIMITED 2003-12-09 → 2006-03-10
- HI-TECH SERVICES LIMITED 1997-09-30 → 2003-12-09
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £55,282,638 | £62,675,410 | |
| Operating profit | — | — | — | £3,934,553 | £5,527,977 | |
| Profit before tax | — | — | — | £3,513,339 | £5,031,651 | |
| Net profit | £3,673,346 | £4,839,191 | £219,603 | £2,971,510 | £4,002,735 | |
| Cash | £550,388 | £619,375 | £1,239,770 | £3,646,227 | £5,119,743 | |
| Total assets less current liabilities | — | — | — | £22,343,008 | £26,136,695 | |
| Net assets | £10,375,218 | £14,884,409 | £14,744,012 | £19,774,047 | £23,674,649 | |
| Equity | — | — | — | £19,774,047 | £23,674,649 | |
| Average employees | 65 | 71 | 83 | 138 | 144 | |
| Wages | £4,006,707 | £2,829,070 | £3,048,832 | £6,902,185 | £7,805,490 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.1% | 8.8% | |
| Net margin | — | — | — | 5.4% | 6.4% | |
| Return on capital employed | — | — | — | 17.6% | 21.2% | |
| Current ratio | 1.77x | — | — | 2.16x | 2.29x | |
| Interest cover | — | — | — | 7.47x | 10.93x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors acknowledge that despite numerous opportunities for growth, we will face levels of economic uncertairty ahead, in the main driven by global events. US government policy will impact on import duties applied to products entering the US market and global conflicts will continue to influence shipping routes and inbound freight costs. However the Directors consider that with a strong balance sheet the Group is well placed to pursue opportunities for growth. ... Based on the above, the Directors believe that it is appropriate to prepare these financial statements on a going concern basis.”
Group structure
- EVOLUTION POWER TOOLS LTD · parent
- Evolution Power Tools LLC 100%
- Evolution Power Tools SAS 100%
- Evolution Power Tools Shanghai Limited 100%
- Evolution Power Tools Polska Spolka 100%
Significant events
- “Trading in 2024 has been significantly stronger than 2023, continuing the trend from the previous year. Group results show turnover has increased to £62.7m from £55.3m in 2023... Supply chain performance showed increased stability in 2024, with both lead times and inbound freight costs demonstrating reduced volatility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATES, Robert John | Secretary | 2019-10-04 | — | — |
| BAMBER, James Ashley | Director | 2013-12-19 | May 1981 | British |
| BLOOMER, Barry | Director | 2017-11-30 | Apr 1962 | British |
| GAVINS, Matthew James | Director | 1997-09-30 | Jan 1975 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOK, Nicola Jane | Secretary | 2006-04-01 | 2009-01-27 |
| GAVINS, Matthew James | Secretary | 1997-09-30 | 2006-04-01 |
| TAYLOR, Danny Peter | Secretary | 2017-12-04 | 2019-08-16 |
| NOMINEE SECRETARIES LTD | Corporate Nominee Secretary | 1997-09-30 | 1997-09-30 |
| BULLOSS, Steven John | Director | 2009-01-26 | 2015-03-31 |
| BYGRAVES, David Arthur | Director | 2015-01-01 | 2020-07-31 |
| COOK, Nicola Jane | Director | 2006-04-01 | 2009-01-20 |
| DICKINSON, Andrew Craig | Director | 2020-09-21 | 2021-05-17 |
| DORMAN, Rod Howard | Director | 2016-11-08 | 2023-08-31 |
| FLEMING, Iain | Director | 2015-01-01 | 2015-12-07 |
| GAVINS, Joan | Director | 2000-06-21 | 2008-09-16 |
| GAVINS, Michael | Director | 1997-09-30 | 2008-09-16 |
| HARVEY, Paul Carey | Director | 2013-12-19 | 2014-07-15 |
| HOWARTH, Brian | Director | 2009-12-14 | 2010-08-27 |
| MANDER, Andrew | Director | 2020-09-21 | 2021-05-17 |
| REES, Samuel Ryan | Director | 2011-02-02 | 2014-01-24 |
| SHAW, Nicholas Anthony | Director | 2011-12-06 | 2013-07-20 |
| SHORTER, Andrew David | Director | 2020-09-21 | 2024-05-31 |
| NOMINEE DIRECTORS LTD | Corporate Nominee Director | 1997-09-30 | 1997-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Matthew Gavins | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-07-04 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type group | |
| 2023-05-15 | CH01 | officers | Change person director company with change date | |
| 2023-05-12 | CH01 | officers | Change person director company with change date | |
| 2022-10-28 | AA | accounts | Accounts with accounts type group | |
| 2022-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-05 | AA | accounts | Accounts with accounts type group | |
| 2020-12-07 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+13.4%
£55,282,638 £62,675,410
-
Cash
+40.4%
£3,646,227 £5,119,743
highest in 5 filed years
-
Net assets
+19.7%
£19,774,047 £23,674,649
highest in 5 filed years
-
Employees
+4.3%
138 144
highest in 5 filed years
-
Operating profit
+40.5%
£3,934,553 £5,527,977
-
Profit before tax
+43.2%
£3,513,339 £5,031,651
-
Wages
+13.1%
£6,902,185 £7,805,490
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers