Evolution Models Ltd

Evolution Models Ltd is a small, active company based in London, UK, founded four years ago in 2020. It operates as a solo-founded e-commerce site with a perfect 5.0 Google rating from four reviews, selling toys, games, and sports equipment. The company holds £28,514 in assets and is managed by one director and owner, Williams David. While it has a registered address, it's likely virtual, as 5,619 other companies share the same location. It’s an irregular importer, having imported for just two months, with the last import occurring in May 2022.

The company’s website, Evolution Models, showcases a wide range of radio-controlled vehicles and accessories, including buggies, helicopters, and trucks, catering to hobbyists and enthusiasts. Products range from pre-built kits to ready-to-run models, with a focus on quality and performance. The site also features a selection of fuel, tools, and accessories, alongside a blog with racing venue information and a Facebook page. It’s clear the company is dedicated to the RC hobbyist community.

Financially, Evolution Models Ltd presents a mixed picture. While current assets remain relatively stable at £29,000, net assets have significantly declined to -£11,000—a substantial loss. Bank cash has dropped considerably, down 85% to just £180. Creditors have increased by 33%, reaching £49,000, and trade debtors are up 81% to £37,000, suggesting potential cash flow challenges. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the negative equity raises concerns. As a small company, it is exempt from an audit, so the financial data is unaudited. It’s clear the company is burning through cash, and it's a bit worrying.

Registered in England/Wales under the registration number 13023509, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.

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