Evolve B G Limited

Evolve B G Limited, a holding company based in Wigan, UK, has been active for nineteen years, employing thirty-eight people and holding assets worth £3,524,757. The company, founded in December 2005, operates in the specialised design activities industries and boasts a Google rating of 4.0 based on thirteen reviews. It’s managed by six directors and owned by two entities, Evolve Bg Holdings Ltd and Onecore Group Ltd, with a recent change in both director and owner lists.

The company is a regular importer and exporter of electrical machinery and equipment, with the last import operation occurring in October 2023 and the last export in October 2024. Its website, evolvebg.co.uk, highlights its focus on providing managed network solutions for multisite brands in sectors like retail, construction, and hospitality. The company offers services including fibre connectivity, SD-WAN, and IT support, positioning itself as a one-stop shop for network needs.

Financially, Evolve B G Limited’s picture is complex. While current assets increased by 58% to £3,500,000, net assets plummeted 50% to £1,100,000—a significant drop. Bank borrowings surged by 10%, reaching £350,000, and cash reserves decreased by 26% to £500,000. Creditors, however, decreased by 83%, suggesting improved debt management. The company’s net losses deepened considerably, from £1.4 million to -£0.73 million, indicating increased expenses or decreased revenue. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The recent purchase of 100% of the share capital of Evolve B G Limited by Evolve B G Holdings Ltd and Onecore Group Ltd, as reported in the financial statements, indicates a shift in ownership and potentially a strategic realignment for the company. The company’s financial performance suggests it's navigating a period of change, with both challenges and opportunities ahead.

Registered in England/Wales under the registration number 05659614, with a registered address at WN3 6PS, England, Wigan, Lancashire, Evolveodm 1 Smithy Court, Smithy Brook Road.

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