Evolution Foods Ltd

Evolution Foods Ltd, based in Telford, UK, is a holding company with an active status, celebrating eighteen years in business. Employing thirty-eight people and boasting assets of £45,902,465, the company is a family business with eight directors and four owners. It regularly imports and exports edible fruits and nuts, with a substantial 815 months of import activity and 184 months of export activity recorded. The company’s registered address is real, with only one other company registered at the same location.

Evolution Foods operates across multiple fronts. Its core business revolves around the manufacture of other food products, but it also owns Evopack Limited. The company’s website highlights its mission to become a leader in the dried fruit and nut industry, with over twenty years of experience. It operates a 75,000 sq ft factory in Telford, boasting BRC grade A certification and a potential output of up to 100 million packs per year. Beyond manufacturing, Evolution Foods runs a creative studio, Studio Evo, based in Melton Mowbray, providing packaging, visualising, and branding services. The company is actively seeking talent, advertising positions like Business Administrator Apprentice and Production Operators.

Financially, Evolution Foods Ltd shows some concerning trends. While cash reserves increased by 33%, rising to £900,000, net assets still declined by 10%, settling at £13 million. Bank borrowings increased by 2.3%, reaching £19 million, and wages and salaries rose significantly by 19%, reaching £9 million. Creditors decreased by 18%, suggesting improved debt management. The company’s turnover is not explicitly stated, but the decline in net assets and increased borrowings suggest a need for careful financial management. The accounts are audited by Dyke Yaxley Limited. It’s important to note that the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 05848642, with a registered address at TF1 7EU, England, Telford, Shropshire, 11 - 14 Hortonwood 32.

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