Drone Evolution Limited

Drone Evolution Ltd, based in Caerphilly, UK, is a small holding company with an active status, established seven years ago in 2018. The company employs eight people and holds £122,733 in assets, operating from a real address within Caerphilly Business Park. It's managed by five directors and has one owner, and acts as an irregular importer of aircraft, spacecraft, and their parts, with recent import activity recorded just one month ago.

The company’s website showcases a professional drone service provider, offering a wide range of applications from aerial surveys and roof inspections to virtual tours and promotional imagery. They operate nationwide, providing services to various sectors including facilities management, utilities, construction, and security. A key differentiator is their "Runner" system – a tethered drone solution enabling extended flight times and enhanced safety, particularly in urban environments. The website highlights a focus on innovation and client needs, emphasizing time and cost savings compared to traditional methods like scaffolding.

Financially, Drone Evolution Ltd presents a mixed picture. While cash reserves have impressively increased by 520% to £43,000, net assets have significantly decreased by 21% to -£47,000. Bank borrowings have also risen, increasing by 25% to £3,100. Trade debtors have seen a sharp decline, dropping by 52% to £63,000, which could indicate improved collection efforts or a shift in payment terms. Creditors have also increased, rising by 29% to £130,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity is a concern. The company’s average number of employees has increased by 25%, rising to ten, which could be linked to the expansion of services. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on drone technology and specialized services, like the Runner system, suggests a potential for growth, but the financial data indicates a need to carefully manage expenses and maintain a strong cash flow.

Registered in Wales under the registration number 11163019, with a registered address at CF83 3ED, Wales, Caerphilly, First Floor, Cambria House, Caerphilly Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.