EVOLUTION FINCO LIMITED
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Cash
£6M
+25% vs 2024
Net assets
-£1.6M
+72.6% vs 2024
Employees
885
+3.1% vs 2024
Profit before tax
£6.4M
+42% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £112,179,000 | £121,009,000 | +7.9% | |
| Operating profit | £9,500,000 | £11,832,000 | +24.5% | |
| Profit before tax | £4,483,000 | £6,365,000 | +42% | |
| Net profit | £5,559,000 | £4,881,000 | -12.2% | |
| Cash | £4,822,000 | £6,029,000 | +25% | |
| Total assets less current liabilities | £58,010,000 | £74,490,000 | +28.4% | |
| Net assets | -£5,780,000 | -£1,586,000 | +72.6% | |
| Equity | -£5,780,000 | -£1,586,000 | +72.6% | |
| Average employees | 858 | 885 | +3.1% | |
| Wages | £40,865,000 | £43,519,000 | +6.5% | |
| Directors' remuneration | £603,000 | £795,000 | +31.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 8.5% | 9.8% | |
| Net margin | 5.0% | 4.0% | |
| Return on capital employed | 16.4% | 15.9% | |
| Gearing (liabilities / total assets) | 104.7% | 101.1% | |
| Current ratio | 0.64x | 0.70x | |
| Interest cover | 1.83x | 2.06x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the business activities, together with the factors likely to affect its future development, performance and position, as set out in the Strategic Report on page 11 and concluded that the Group will continue to generate sufficient cash and covenant headroom. Based on this, the Directors have concluded that it is appropriate to prepare the financial statements on the going concern basis.”
Group structure
- EVOLUTION FINCO LIMITED · parent
- Evolution Midco Limited 100%
- Blatchford Central Services Limited 100%
- Chas. A. Blatchford & Sons Holdings Limited 100%
- Blatchford Products Holdings Limited 100%
- Blatchford Limited 100%
- Blatchford Products Limited 100%
- Blatchford Inc. 100%
- Blatchford Europe GmbH 100%
- Blatchford Norway AS 100%
- Blatchford Ortopedi AS 100%
- Ortopro AS 100%
Significant events
- “In February 2024, the Group launched Tectus, our new orthotic device. Tectus enables people with partial lower limb paralysis to walk more easily, naturally, and comfortably with increased confidence and safety.”
- “Post year end, in April 2025, Blatchford launched Avior, our next generation knee. This knee is specially designed to benefit K2 patients - those with limited mobility.”
- “During the year, the Group commenced investment in a state of the art manufacturing facility in Basingstoke by leasing a new building and investing in new machinery.”
- “During the year ended 31 March 2025, the Aktiv Ortopedi AS defined benefit scheme was subject to a scheme buy-out. Following the buy-out, the responsibility for this scheme no longer rests with the Group.”
- “The Government of the United States of America has implemented import tariffs at a rate of 10% on goods manufactured in the United Kingdom, effective from 5 April 2025.”
- “On 10 January 2025, the Group signed an amendment letter with HSBC with extends some facilities granted under the original agreement of 20 November 2018. The amendment extends the lease finance facility by £7.0 million to allow for the financing of new machinery and increases for a 12 month period, the Revolving Credit Facility from £5.0 million to £10.0 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Paul | Director | 2021-10-25 | Mar 1977 | British |
| ROBERTS, Paul Graham | Director | 2020-01-07 | Mar 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLLYHEAD, Andrew Richard | Director | 2019-11-04 | 2021-10-13 |
| STENSON, Adrian | Director | 2018-11-12 | 2019-12-18 |
| STEPHENS-TRUMAN, Zoe Annette | Director | 2019-03-28 | 2019-11-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cbpe Capital Ix Gp Llp | Corporate entity | Shares 75–100% (as firm) | 2018-11-12 | Active |
| Cbpe Capital Llp | Corporate entity | Voting 75–100% (as firm), Appoints directors (as firm) | 2018-11-12 | Active |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2024-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-04 | CH01 | officers | Change person director company with change date | |
| 2024-08-12 | AA | accounts | Accounts with accounts type group | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type group | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-05 | AA | accounts | Accounts with accounts type group | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | AA | accounts | Accounts with accounts type group | |
| 2021-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-22 | AA | accounts | Accounts with accounts type full | |
| 2020-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-02 | CH01 | officers | Change person director company with change date | |
| 2020-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2019-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2019-11-22 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.