Evolve Security Products Limited

Evolve Security Products Limited, based in Southampton, UK, is a small holding company with an active status, established twelve years ago in December 2012. The company employs just two people and holds £145,960 in assets, operating from a virtual address shared by thirty-nine other companies. It’s managed by two directors and owned by two entities, Evolve Investment Holdings Ltd and Willings Services Ltd. Regular importer of electrical machinery and equipment, with eighteen months of import activity recorded, the last in November 2024.

The company’s website showcases a range of pedestrian entrance control solutions, including speed gates, turnstiles, and security portals, catering to commercial, financial, educational, and governmental buildings. It’s a global market provider of these products, selling via distributors and system integrators. The site highlights a variety of standard products at competitive prices, in-house design capabilities, and short lead times.

Financially, Evolve Security Products Limited presents a mixed picture. Current assets have decreased by 23%, falling to £150,000, while net assets have also declined by 12%, reaching £26,000. Bank borrowings have increased by 200%, reaching £11,000, and cash reserves have fallen 3.1% to £78,000. Creditors have decreased by 25%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) helps it remain agile, but the decline in equity warrants attention. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s CEO and owners have over seventy years of experience, and the RD, manufacturing, and quality control teams are highly qualified. While the company is focused on design and manufacturing, the recent financial trends suggest a need for careful monitoring to ensure long-term sustainability.

Registered in England/Wales under the registration number 08340416, with a registered address at SO50 9PD, Southampton, Hampshire, Fleming Court Leigh Road, Eastleigh.

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