EVOLUTION AQUA LIMITED

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

• Turnover

  +12%

  £7,352,470 → £8,234,184

• Cash

  -57.1%

  £819,258 → £351,709

• Net assets

  -12.6%

  £1,797,680 → £1,571,155

  lowest in 5 filed years

• Employees

  +22.6%

  53 → 65

  highest in 6 filed years

• Operating profit

  +41%

  -£316,052 → -£186,590

• Profit before tax

  +30.4%

  -£325,391 → -£226,525

• Wages

  +16.2%

  £2,046,129 → £2,376,759

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

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding the net current liabilities of £163,189 and loss generated in the year of £226,525, the company has net assets as at 31st December 2024 of £1.5m, therefore the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The company meets its day to day working capital requirements from operational cash flows, with periodic capital injections from the directors. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds from trading, as well as using capital from the directors as needed, to meet its liabilities as they fall due for that period. The directors have indicated their intention to continue to make available such funds as are needed by the company for the period covered by the forecast. Since the year end, the company has improved the security of future revenues through contractual terms which instils the directors with confidence that the turnover and gross margin forecasted and planned future growth is achievable. The forecasts assume that relationships with key customers will continue for the foreseeable future. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “ISO9001 certification achieved in 2024.”
• “During the year the company entered into a new invoice financing facility in place with RBS, providing access to working capital funding secured against trade receivables. This balance is secured by way of a fixed and floating charge dated 30 January 2024, following the property of the company owned now or in the future.”

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.