Evolution Power Tools Ltd

Evolution Power Tools Ltd, based in Sheffield, UK, is a holding company with an active status, having been incorporated twenty-seven years ago in September 1997. The company employs eighty-three people and holds assets valued at £19,661,394. With four directors and one owner, it operates from a real address and maintains an e-commerce site, earning a respectable Google rating of 4.0 based on thirty-four reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with a history of 648 months of imports and 454 months of exports.

The company's website highlights its international reach, offering country selection in multiple languages including the United Kingdom, United States, Canada, France, and many others. This suggests a global distribution network and a focus on exporting its products. The site’s design is clean and functional, prioritizing product visibility and ease of navigation.

Financially, Evolution Power Tools Ltd presents a mixed picture. While bank borrowings decreased by a significant 32%, dropping to £4.2 million, cash and cash equivalents plunged 130% to £1.2 million. This suggests a reliance on debt financing, but also potentially indicates a period of increased investment or operational expenses. Accrued liabilities decreased by 24%, which is a positive sign of improved financial management. However, net assets decreased by 3.4% to £15 million. The company’s turnover increased by 5.3%, reaching £35 million, a good indicator of sales growth. Despite this, the company reported a net loss of £3 million. The accounts are audited by Azets Audit Services Limited. It's worth noting that the company's directors reported a decrease in the number of employees, from eighty-three to seventy-eight.

Registered in England/Wales under the registration number 03442268, with a registered address at S20 3FR, Sheffield, South Yorkshire, Venture One Longacre Close, Holbrook Industrial Estate.

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