EVOLUTION MORPETH LLP

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

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that for the foreseeable future the LLP will be able to meet its liabilities as they fall due. The members performed an assessment in relation to the LLP's ability to continue as a going concern, this included assessing its current financial position and reviewing future cash flow forecasts with considerations to the LLP's loan repayment date of March 2030 (see note 13) and entity specific factors. Accordingly, the members believe in the LLP's ability to continue as a going concern and to meet its financial obligations as they fall due for the foreseeable future and as minimum for a period of twelve months from the date of signing these financial statements.”

Significant events

• “There were 59 (2024: 34) legal completions in the year generating revenue of £17,564,000 (2024: £10,237,000).”
• “The LLP plans to complete the development of its site as set out in the strategic report.”
• “Subsequent to the year ended 31 March 2024, PricewaterhouseCoopers LLP resigned, and Armstrong Watson Audit Limited were appointed as external independent auditors of the LLP.”
• “No matters have arisen since the year end that requires disclosure in the financial statements.”

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

Filings

2

last 12 months

Capital events

0

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

  +71.6%

  £10,237,000 → £17,564,000

• Cash

  +2,080%

  £30,000 → £654,000

• Net assets

  -17.9%

  -£5,559,000 → -£6,553,000

• Employees

  —

  Not reported

• Operating profit

  +384.5%

  £193,000 → £935,000

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