EVAPO LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +8.6%

  £20,019,684 → £21,735,434

• Cash

  +52.7%

  £1,664,867 → £2,542,653

  highest in 6 filed years

• Net assets

  -51.9%

  £3,593,453 → £1,729,193

• Employees

  +6.4%

  220 → 234

  highest in 6 filed years

• Operating profit

  -23.6%

  £1,881,744 → £1,437,183

• Profit before tax

  -19.8%

  £1,838,605 → £1,474,117

• Wages

  +10%

  £5,223,568 → £5,743,538

  highest in 4 filed years

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.

1. EVAPO LTD 2017-03-01 → present
2. VAPESHIFTERS LTD 2014-09-19 → 2017-03-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 on the 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

1. EVAPO LTD · parent
   1. Vapawell Ltd

Significant events

• “In June 2025 a ban on disposable devices came into force, which we were well prepared for, with customers being converted to using other devices.”
• “A tax on vaping will be implemented from October 2026.”
• “On 1 April 2025 the company acquired the business of Vapawell Ltd.”

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

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.