Evolution Rc Limited

Evolution Rc Limited, based in Swindon, UK, is a small, active company established 27 years ago. With seven employees and £423,775 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site and regularly imports and exports miscellaneous chemical products – 9 months of import activity and 36 months of export activity recorded.

The business specializes in the wholesale of other fuels and related products, chemical products, and retail sales via mail order and internet. Its website showcases a wide range of radio-controlled models, parts, and accessories, including buggies, cars, helicopters, and trucks from brands like FTX, CEN Racing, and Volantex. It’s clear the company caters to a dedicated hobbyist market.

Financially, Evolution Rc Limited shows a mixed picture. Current assets increased by 19%, reaching £420,000, while net assets grew by a substantial 38%, hitting £340,000. However, bank borrowings surged by 2.5%, reaching £10,000, and cash reserves increased by 100%, to £230,000. Creditors decreased by 11%, suggesting improved debt management. 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 it to remain nimble. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The significant increase in cash reserves is a positive sign, but the rise in bank borrowings could indicate investment in inventory or expansion. The company's continued import and export activity suggests a stable supply chain, although the reliance on miscellaneous chemical products could expose it to market fluctuations. Overall, Evolution Rc Limited appears to be financially stable, but the company’s future success will depend on its ability to maintain its niche market and manage its finances effectively.

Registered in England/Wales under the registration number 03525861, with a registered address at SN1 4BG, Swindon, Wiltshire, C/O Paul Papworth-Smith, 29 Devizes Road.

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