EVOLUTION POWER TOOLS LTD
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Cash
£7.6m
+48.9% highest in 3 filed years
Net assets
£26m
+11.3% highest in 3 filed years
Employees
151
+4.9% highest in 3 filed years
Profit before tax
£5.3m
+5.1% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £55,282,638 | £62,675,410 | £66,428,639 | +6% | |
| Operating profit | £3,934,553 | £5,527,977 | £5,667,580 | +2.5% | |
| Profit before tax | £3,513,339 | £5,031,651 | £5,287,607 | +5.1% | |
| Net profit | £2,971,510 | £4,002,735 | £4,019,498 | +0.4% | |
| Cash | £3,646,227 | £5,119,743 | £7,622,552 | +48.9% | |
| Total assets less current liabilities | £22,343,008 | £26,136,695 | £27,778,415 | +6.3% | |
| Net assets | £19,774,047 | £23,674,649 | £26,360,212 | +11.3% | |
| Equity | £19,774,047 | £23,674,649 | £26,360,212 | +11.3% | |
| Average employees | 138 | 144 | 151 | +4.9% | |
| Wages | £6,902,185 | £7,805,490 | £8,049,367 | +3.1% | |
| Directors' remuneration | £1,044,550 | £854,654 | £710,267 | -16.9% | |
| Directors' pension contributions | £22,136 | £16,722 | £16,475 | -1.5% | |
| Highest paid director | £389,030 | £385,941 | £371,849 | -3.7% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 7.1% | 8.8% | 8.5% | |
| Net margin | 5.4% | 6.4% | 6.1% | |
| Return on capital employed | 17.6% | 21.2% | 20.4% | |
| Gearing (liabilities / total assets) | 44.5% | 42.4% | 31.1% | |
| Current ratio | 2.16x | 2.29x | 3.01x | |
| Interest cover | 7.47x | 10.93x | 13.62x |
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.
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
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt over the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
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
- “Global events have continued to bring challenges and uncertainties, however our products continue to be in demand and the Group is well positioned to respond to these challenges.”
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 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-28 | AA | accounts | Accounts with accounts type group | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.