Evolve Flooring Ltd

Evolve Flooring Ltd, based in Keighley, UK, is a small, active company founded five years ago. With five employees and £4.16 million in assets, it's a solo-founded operation led by a single director and owner. The company boasts a Google rating of 4.0 from seven reviews and regularly imports wood and wood products—a consistent pattern over the last 41 months, with the latest activity in February 2025.

The company’s website showcases a wholesale business specializing in real wood, LVT, laminate, and herringbone flooring. It caters to both residential and commercial environments, emphasizing high-quality products and competitive pricing. Evolve Flooring positions itself as a supplier to retail businesses, offering bespoke services and proactive solutions to support their success. It also owns Factory Direct Flooring Ltd. The website highlights a commitment to British craftsmanship and a focus on partnering with businesses that align with its standards.

Financially, Evolve Flooring Ltd shows a mixed picture. Cash reserves decreased by 58%, falling to £110,000, while bank borrowings increased. Creditors decreased slightly, suggesting better debt management. However, trade debtors surged by 74%, potentially indicating delayed customer payments. On the positive side, net assets grew by 44% to £2.2 million, and current assets increased by 13% to £4.2 million. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. The lack of an auditor mentioned is typical for a small company, and the financial statements are unaudited.

Despite the growth in assets, the decrease in cash and increase in debtors suggest that Evolve Flooring Ltd might be burning through money faster than it’s collecting payments. Whether this is a temporary blip or a longer-term concern remains to be seen, but the company’s focus on wholesale partnerships and high-quality products should help it navigate these challenges.

Registered in England/Wales under the registration number 12209809, with a registered address at BD22 8RA, England, Keighley, Ebor House Lees Lane, Haworth.

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