Company Number: 12778046

Analysis Date: 2025-07-20 18:58 UTC

1. Risk Rating: LOW

Justification: Evolve Electric (Bristol) Ltd demonstrates a stable financial position with positive net assets and net current assets for the last five years. The company is fully compliant with filing deadlines, showing no overdue accounts or confirmation statements. Its micro-entity status suggests a small operational scale but consistent asset growth and maintained equity provide a strong indication of solvency and operational stability.

2. Key Concerns:

• Limited scale of operations: The company has only one employee on average, which may expose operational risk if key personnel are unavailable.
• Absence of fixed assets in the most recent year (2024) may indicate disposal or lack of investment in long-term assets; further detail is needed to assess operational capacity.
• Minimal share capital (£1.00) implies limited equity buffer to absorb financial shocks, though this is typical in micro-entities.

3. Positive Indicators:

• Positive net current assets (£11,314 in 2024) indicate the company can meet short-term liabilities comfortably.
• Consistent and timely filing of accounts and confirmation statements reflects good governance and regulatory compliance.
• Steady growth in current assets over the past five years, coupled with controlled current liabilities, points to prudent financial management.
• The company is active and not involved in liquidation or administration processes.

4. Due Diligence Notes:

• Clarify the reasons behind the reduction of fixed assets to zero in 2024, including whether this impacts operational capacity.
• Review the company’s cash flow statements or bank statements (not provided) to confirm liquidity beyond balance sheet figures.
• Investigate the revenue and profitability trends, as no income statement or profit & loss data is available to assess ongoing operational sustainability.
• Confirm the identity and control structure regarding persons with significant control, as this information is absent.
• Evaluate the dependence on the single director and employee for continuity and operational risks.