MATERIAL EVOLUTION INC.
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Cash
£7M
-44.5% vs 2023
Net assets
£13M
-14.5% vs 2023
Employees
22
0% vs 2023
Profit before tax
-£2M
-220.9% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,777 | £4,777 | |
| Operating profit | -£898,508 | -£2,694,398 | |
| Profit before tax | -£741,300 | -£2,379,186 | |
| Net profit | -£725,452 | -£2,185,962 | |
| Cash | £13,368,289 | £7,416,783 | |
| Total assets less current liabilities | £15,024,501 | £12,838,539 | |
| Net assets | £15,024,501 | £12,838,539 | |
| Equity | £15,024,501 | £12,838,539 | |
| Average employees | 22 | 22 | |
| Wages | £919,711 | £1,655,028 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -18809.0% | -56403.6% | |
| Net margin | -15186.4% | -45760.1% | |
| Return on capital employed | -6.0% | -21.0% | |
| Current ratio | 87.89x | 11.52x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident the business will continue as a going concern for the next 12 months Forecasts have been prepared for the period to December 2028 and sensitised appropriately. The company has cash reserves to cover a period of at least 12 months from the date of approving these financial statements without any further funding investment.”
Group structure
- MATERIAL EVOLUTION INC. · parent
- Material. Evolution Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARK, Samuel | Secretary | 2024-01-10 | — | — |
| CLARK, Samuel | Director | 2024-01-10 | Apr 1990 | British |
| GILLIGAN, Elizabeth | Director | 2024-01-10 | Dec 1991 | British |
Ownership
Persons with significant control
Filing timeline
Last 7 of 7 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-10 | AA | accounts | Accounts with accounts type group | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2025-05-14 | AA | accounts | Accounts with accounts type group | |
| 2025-02-10 | OSCH02 | other | Change company details overseas company | |
| 2024-01-10 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2024-01-10 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
0%
£4,777 £4,777
-
Cash
-44.5%
£13,368,289 £7,416,783
-
Net assets
-14.5%
£15,024,501 £12,838,539
-
Employees
0%
22 22
-
Operating profit
-199.9%
-£898,508 -£2,694,398
-
Profit before tax
-220.9%
-£741,300 -£2,379,186
-
Wages
+80%
£919,711 £1,655,028
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