EVOLUTION POWER TOOLS LTD
Company number 03442268 · Monitor this company
Executive summary
Evolution Power Tools occupies a well-defined niche as a mid-tier, design-led power tools brand with meaningful scale (£66.4m turnover), strong and improving gross margins (42.7%), and increasingly disciplined working capital management (stock turns improving from 4.3x to 5.7x). Its geographic diversification — with 44% of revenue from the US and growing EU penetration — provides resilience but also exposes it to US tariff risk and currency volatility. The business demonstrates characteristics of a well-managed brand-owner rather than a commodity wholesaler, with deliberate investment in DTC channels, product development, and infrastructure supporting future growth. The primary strategic challenge remains defending and growing market share against significantly larger incumbents while navigating an uncertain US trade policy environment.
Shareholders' funds
£26,360,212
Balance sheet as at 2025-12-31
What it does
The principal activity of the company and group continued to be that of design and distribution of power tools.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1997-09-30
- Employees
- 151 (2025 accounts · was 144 in 2024)
- Registered office
- Venture One Longacre Close, Holbrook Industrial Estate, Sheffield, South Yorkshire, S20 3FR
- Postcode
- S20 3FR
- Capital
- 42,001 GBP
- Accounts category
- Group
- Charges
- 5 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-04
- Next due by
- 2027-09-18
Nature of business (SIC)
- 46620 Wholesale of machine tools
Officers 4 current · 17 resigned
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Modern slavery statement
Registered a modern slavery statement for 2021 (period to 2021-04-01).
Read the statement summary on the government modern slavery statement registry. Contains public sector information licensed under the Open Government Licence v3.0.
Data protection registration
Registered with the ICO as a data protection fee payer — ZB349564 (Tier 2), registered since 2022.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- evolutionpowertools.net
Previous company names
| Name | Date changed |
|---|---|
| HI TECH EVOLUTION EUROPE LIMITED | 2006-03-10 |
| HI-TECH SERVICES LIMITED | 2003-12-09 |
Previous registered addresses 4
| Address | Changed on |
|---|---|
| EVOLUTION HOUSE NEW STREET, HOLBROOK INDUSTRIAL ESTATE, SHEFFIELD, SOUTH YORKSHIRE S20 3GH | 2007-07-10 |
| 18 GARTRICE GROVE, HALFWAY, SHEFFIELD, SOUTH YORKSHIRE S20 4SZ | 2003-12-15 |
| UNIT 1C,WESTHORPE FIELDS BUSINES, S PARK,KILLAMARSH, SHEFFIELD, SOUTH YORKSHIRE S21 1TZ | 2001-09-03 |
| UNIT 1C WESTTHORPE FIELDS, BUSINESS PARK GREEN LANE, KILLAMARSH, SHEFFIELD S20 1TZ | 2000-05-04 |
Among its peers
Top 5%
by shareholders' funds, of 22 similar companies in S
2nd largest employer among its local peers (151 staff).
Among the oldest 25% of its local peers, trading since 1997.
Competitors Sheffield
This company ranks 1 among wholesale of machine tools in Sheffield.
The class of 1997
43%
of the 50,527 companies incorporated in 1997 are still active today; 54% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Freehold
- 1
- Most recent registration
- 2006-04-11
- Where
- South Yorkshire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| SYK517731 | South Yorkshire | Freehold | 2006-04-11 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.