EVO BUSINESS SUPPLIES LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EVO BUSINESS SUPPLIES LIMITED 2014-07-29 → present
2. NEWCO 123 LIMITED 2014-05-28 → 2014-07-29

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group agreed a new £80m invoice financing facility and £13m of term loans with our existing finance partners, Leumi ABL and Close Invoice Finance on 21 March 2025, which provides the group with a solid financing arrangement, and the initial term is four years. This is aligned to current and forecast trading performance, for a period exceeding the going concern assessment. After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. EVO BUSINESS SUPPLIES LIMITED · parent
   1. evo Group Services Limited 1% · England & Wales · Holding company
   2. evo (Pensions) Limited 1% · England & Wales · Dormant company
   3. Vow Europe Limited 1% · England & Wales · Trading company
   4. Vow Retail Limited 1% · England & Wales · Trading company
   5. Banner Group Limited 1% · England & Wales · Trading company
   6. Banner Business Solutions Limited 1% · England & Wales · Trading company
   7. Business Office Supplies Limited 1% · England & Wales · Trading company
   8. Premier Vanguard Limited 1% · England & Wales · Trading company
   9. Banner Advantage Limited 1% · England & Wales · Dormant company
   10. Midas Paper Converters Limited 1% · England & Wales · Holding company
   11. Truline Logistics Limited 1% · England & Wales · Dormant company
   12. Vow Wholesale (Ireland) Ltd 1% · Republic of Ireland · Dormant company

Significant events

• “On 21 March 2025 the group refinanced with increased funding facilities through its existing lending syndicate of Leumi UK Group Limited ("Leumi") and Close Invoice Finance Limited ("Close"). Funding from these two providers is made up of an £80m invoice finance facility and £13m in term loans. This is a substantial facility, and the initial term is four years. This funding has empowered CEO Andrew Gale to lead a management buyout, enabling a successful exit for Endless LLP, evo's long-standing Private Equity (PE) shareholder. Andrew Gale will continue as Chief Executive supported by Jon Maxted, evo CFO, the evo Trading Board and the wider evo team.”
• “On 21 March 2025 evo Business Supplies Limited was acquired by evo International Holdings Limited, a 100% owned subsidiary of evo Global Holdings Limited, through a management buyout transaction. Through the support of the Group's banking syndicate, the transaction was financed through the renewal of the Group's existing bank facilities and new additional bank finance. The management buyout has facilitated an appropriate exit for Endless, the previous majority shareholder. Our banking facilities have been renewed for a further 4 years to 20 March 2029. Andrew Gale, evo Group CEO, is now the majority shareholder of evo Global Holdings Limited and is thus considered to be the ultimate controlling party.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.3%

  £505,100,000 → £503,700,000

• Cash

  -25%

  £1,600,000 → £1,200,000

• Net assets

  +60.6%

  -£6,600,000 → -£2,600,000

• Employees

  -4.5%

  2,109 → 2,015

• Operating profit

  -9.7%

  £10,300,000 → £9,300,000

• Profit before tax

  +400%

  £800,000 → £4,000,000

• Wages

  -2.8%

  £74,600,000 → £72,500,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers