Evolution Vaping Ltd
- Active
- Small
- 11 years
- 0 employees
- £3,323,474 (cur assets)
- Regular importer
- Regular exporter
- Real address
- 2 directors
- 2 owners
- Family business
- Sutton Coldfield
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Evolution Vaping Ltd, based in Sutton Coldfield, UK, is a small, family-run business with an active status. Established eleven years ago in 2014, the company employs fifty people and holds £3,521,015 in assets. It operates from a real address and is managed by two directors and two owners. The company regularly imports and exports electrical machinery and equipment, with a significant history of both activities – 263 months of imports and 82 months of exports recorded.
The company’s website reveals a thriving e-commerce operation, primarily focused on selling vaping products. The site is well-designed and user-friendly, with a clear categorization system for various brands, types of products (eliquids, disposables, vape kits), and strengths. A prominent "Vaper Level" system helps customers navigate the wide selection, categorizing products based on experience. The site also features extensive guides and blog content covering topics like vaping basics, battery safety, and the latest industry trends. It’s clear that Evolution Vaping Ltd is dedicated to providing a comprehensive and informative experience for its customers.
Financially, Evolution Vaping Ltd presents a mixed picture. While assets remain substantial at £3,521,015, there are some concerning trends. Cash reserves dropped significantly by 72%, falling to £130,000. Creditors have increased considerably, jumping 170% to £1,300,000 – a sign that the company is relying more on borrowed funds. Debtors have also risen, increasing by 63% to £1,000,000, which could indicate difficulties in collecting payments from customers. On a positive note, the number of employees decreased slightly, falling by 4% to 48, potentially reflecting efforts to streamline operations. The company’s small size, meeting two of three criteria for being classified as small, helps it maintain agility. With no auditor mentioned, the financial statements are unaudited.
Overall, Evolution Vaping Ltd appears to be a well-established e-commerce business facing some financial pressures. The company's strong online presence and wide product range suggest a loyal customer base, but the rising debt levels and declining cash reserves warrant close monitoring.
Registered in England/Wales under the registration number 08943667, with a registered address at B76 1AL, England, Sutton Coldfield, Unit 8c2 Maybrook Road, Maybrook Business Park, Minworth.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 8 years
- 3
- 25%+
-
Resident of United Kingdom
-
Individual
- 8 years
- 2
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 11 years
- 3
-
Resident of United Kingdom
-
Individual
- 11 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Total exemption full accounts made up to 2025-02-28Download 11 pages pdf report
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Confirmation statement made on 2025-03-17 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2024-02-29Download 11 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Evolution Vaping Ltd
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