EVOLUTION (ELECTRONIC SECURITY SYSTEMS) LTD.
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Cash
£3.4M
+474.8% vs 2024
Net assets
£2M
-15% vs 2024
Employees
148
+12.1% vs 2024
Profit before tax
£1.6M
+50.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £20,017,049 | £22,695,873 | +13.4% | |
| Operating profit | £1,075,225 | £1,591,828 | +48% | |
| Profit before tax | £1,058,436 | £1,592,144 | +50.4% | |
| Net profit | £787,897 | £1,181,109 | +49.9% | |
| Cash | £586,698 | £3,372,252 | +474.8% | |
| Total assets less current liabilities | £2,373,348 | £2,029,991 | -14.5% | |
| Net assets | £2,329,043 | £1,979,345 | -15% | |
| Equity | £2,329,043 | £1,979,345 | -15% | |
| Average employees | 132 | 148 | +12.1% | |
| Wages | £6,700,725 | £7,725,117 | +15.3% | |
| Directors' remuneration | £926,512 | £1,069,936 | +15.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.4% | 7.0% | |
| Net margin | 3.9% | 5.2% | |
| Return on capital employed | 45.3% | 78.4% | |
| Current ratio | 1.23x | 1.09x | |
| Interest cover | 64.04x | — |
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
- Standalone (parent only)
- Auditor
- Rouse Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “In August 2025 directorships of the group changed as a consequence of the transitioning ownership to the EOT, supported by the resigning directors, placing the business on a strong footing for future growth.”
- “In a prior year, the shareholders sold 77.5% of the business into an Employee Ownership Trust. 83 ordinary shares in Evolution Europe Ltd of £1 each were transferred to Employee Ownership Trust and held as trustee by Evolution Europe (EOT) Limited.”
- “Subsequent to the balance sheet date the Employee Ownership Trust refinanced its loan facilities, with the current term loan being replaced with a new term loan amounting to £6.5m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEASLEY, Derrel James Gordon | Director | 2015-01-14 | Apr 1977 | British |
| JONES, Keir Evan | Director | 2022-05-11 | Jul 1984 | British |
| RACKHAM, Jake Michael | Director | 2022-05-11 | May 1989 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAMBERT, Jane | Secretary | 1996-02-13 | 1996-06-07 |
| LAMBERT, Richard | Secretary | 1996-06-07 | 2025-08-08 |
| WATKINS, Mary Isobel | Secretary | 1996-01-30 | 1996-02-13 |
| CHETTLEBURGH INTERNATIONAL LIMITED | Corporate Nominee Secretary | 1996-01-30 | 1996-01-30 |
| BAILLIE, John | Director | 2022-05-11 | 2023-05-17 |
| HARRIS, Neil David | Director | 2011-09-15 | 2025-08-08 |
| KIRTLAND, John Philip | Director | 2013-01-07 | 2013-07-05 |
| LAMBERT, Jane | Director | 1996-07-12 | 2022-05-11 |
| LAMBERT, Richard | Director | 1996-02-13 | 2025-08-08 |
| WATKINS, Desmond Ralph | Director | 1996-01-30 | 1996-05-15 |
| WUST, Emma Kate | Director | 1996-07-12 | 2022-05-11 |
| WUST, John | Director | 1996-05-15 | 2025-08-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Evolution Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-07 | Active |
Filing timeline
Last 20 of 129 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-08-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-15 | CH01 | officers | Change person director company with change date | |
| 2025-08-15 | CH01 | officers | Change person director company with change date | |
| 2025-06-12 | CH01 | officers | Change person director company with change date | |
| 2025-04-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-17 | AA | accounts | Accounts with accounts type medium | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-31 | CH01 | officers | Change person director company with change date | |
| 2024-01-31 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 4
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.