Evolve Dynamics Limited

Evolve Dynamics Ltd, based in Redhill, UK, is a small, active company founded eight years ago in 2016. Employing sixteen people and holding £2,352,018 in assets, it operates from a virtual address—a point to note as 113 companies are registered at the same location. The company is led by six directors, though no owners are officially listed. It regularly imports and exports electrical machinery and equipment, with 107 months of import activity and 31 months of export activity recorded.

The company’s website showcases its specialization in UAV (Unmanned Aerial Vehicle) aircraft, systems, and software. Evolve Dynamics designs, develops, and manufactures mission-specific UAVs for various applications, including intelligence, surveillance, target acquisition, and reconnaissance. Its flagship product, the Sky Mantis, is deployed by UK and international police forces, fire services, and even the UK Ministry of Defence. The website highlights continuous development of new payloads and platforms, including eVTOL, nano, and micro technologies. Recent news articles detail a leadership transition, the appointment of a former Thales UK CEO as Chairman, and a Smart grant awarded for its DroneinaBox technology.

Financially, Evolve Dynamics Ltd presents a mixed picture. Current assets have plummeted by 57%, falling to £2,400,000, while net assets have also decreased significantly, dropping 77% to just £280,000. Bank borrowings have surged by a staggering 460%, reaching £1,500,000, and cash reserves have fallen 97%, leaving just £50,000. Creditors have also increased, but not as dramatically, suggesting some debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the figures are unaudited.

Despite the concerning financial trends, Evolve Dynamics’ focus on specialized UAV technology and its customer base in defence and emergency services suggest a niche market with potential for future growth. The recent leadership changes and innovation breakthroughs, like the titanium 3D printing, could be positive signs—but the company will need to address its declining cash reserves and rising debt to ensure long-term stability.

Registered in England/Wales under the registration number 10489160, with a registered address at RH1 1RJ, England, Redhill, Surrey, Redhill Chambers, 2d High Street.

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