{"name":"EVOLUTION POWER TOOLS LTD","company_number":"03442268","status":"Active","type":"Private Limited Company","incorporated":"1997-09-30","dissolved":null,"registered_office":"Venture One Longacre Close, Holbrook Industrial Estate, Sheffield, South Yorkshire, S20 3FR","postcode":"S20 3FR","sic_codes":[{"code":46620,"description":"Wholesale of machine tools"}],"principal_activity":"The principal activity of the company and group continued to be that of design and distribution of power tools.","previous_names":[{"name":"HI TECH EVOLUTION EUROPE LIMITED","changed_on":"2006-03-10"},{"name":"HI-TECH SERVICES LIMITED","changed_on":"2003-12-09"}],"warnings":[],"accounts":{"category":"Group","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":151,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","profit_loss":4019498,"net_assets":26360212,"cash":7622552,"average_employees":151},{"financial_date":"2024-12-31","profit_loss":4002735,"net_assets":23674649,"cash":5119743,"average_employees":144},{"financial_date":"2023-12-31","profit_loss":2971510,"net_assets":19774047,"cash":3646227,"average_employees":138},{"financial_date":"2022-12-31","net_assets":14744012,"cash":1239770},{"financial_date":"2021-12-31","turnover":59808557,"net_assets":14884409,"cash":619375}],"officers":{"current":4,"resigned":17,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":6,"outstanding":5},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"http://www.evolutionpowertools.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/evolution-power-tools","people":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/people","filing_history":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03442268","financials":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/financial","control":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/control","charges":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/evolution-power-tools/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/evolution-power-tools"}