Evolution Technical Services (group) Limited

Evolution Technical Services Group Ltd, based in Elland, UK, is a holding company with an active status, having been founded fourteen years ago in 2011. The company employs four people and holds £160,826 in assets. It has a real address, four directors, and no owners reported – likely one of the directors holds the shares. Google users rate it 5.0 stars based on one review. The company regularly imports optical and medical tools and devices, with its last import operation occurring five months ago in January 2022.

The company operates in the electrical installation, plumbing, heat and air-conditioning installation, and combined facilities support activities industries. Its website is not available, so it’s impossible to determine if it’s an e-commerce business.

Financially, Evolution Technical Services Group Ltd shows some concerning trends. While current assets increased by 16% to £160,000, net assets remained relatively stable at £500,000. Bank borrowings decreased by 5.3% to £24,000, and cash reserves fell 43% to £9,800. Creditors decreased by 7.5% to £31,000, 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) helps it stay agile, but the decrease in cash reserves is something to keep an eye on. The unaudited figures rely on director-reported data, and no auditor is mentioned, likely due to its small size.

The company’s financial statements were audited by Sagars Accountants Ltd. Overall, Evolution Technical Services Group Ltd appears to be a stable, albeit small, holding company—but the decrease in cash reserves warrants further investigation.

Registered in England/Wales under the registration number 07530089, with a registered address at HX5 9DX, England, Elland, Unit B3 Lowfields Close, Lowfields Business Park.

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