How much does Evolution Water Services Ltd. make?

Evolution Water Services Ltd. reported revenue of £8.8m and £1.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Evolution Water Services Ltd. profitable?

Yes — Evolution Water Services Ltd. reported a profit of £1.6m in the year to 31 Dec 2025.

Company No. 03771796 · Incorporated 17 May 1999

Evolution Water Services Ltd.

Registered name: EVOLUTION WATER SERVICES LTD.

Part of Tic Midco Limited group

Evolution Water Services Ltd. made £8.8m revenue and £1.6m profit in the year to 31 Dec 2025.

Evolution Water Services Ltd.’s revenue was £8.8m in the year to 31 Dec 2025, with £1.6m profit. The company is classified under “water collection, treatment and supply” and is based in Buckinghamshire; we hold 4 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 36000Water collection, treatment and supply

Status: Active
Location: Buckinghamshire, South East
Age: 27 yrs · since 1999
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£8.8m

Growth ▼0.4%

Profit

£1.6m

Growth ▼7.8%

Profit margin

18.4%

Gross 48.8%

Employees

—

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£8.8m	£8.8m
Cost of sales	—	—	−£4.3m	−£4.5m
Gross profit	—	—	£4.5m	£4.3m
Operating profit	—	—	£1.6m	£1.5m
Profit before tax	—	—	£1.6m	£1.5m
Profit after tax	—	—	£1.8m	£1.6m
Profit (best available)	—	—	£1.8m	£1.6m
Employees (average)	84	84	94	—
Ratios
Profit margin	—	—	19.9%	18.4%
Gross margin	—	—	50.9%	48.8%
Revenue per employee	—	—	£94.1k	—
Profit per employee	—	—	£18.7k	—
Growth (year on year)
Revenue growth	—	—	—	▼0.4%
Profit growth	—	—	—	▼7.8%
Headcount growth	—	—	▲11.9%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£924k	£1.2m	—
Net assets	£2.8m	£3.8m	£4.2m	—
Fixed assets	£306k	£332k	£430k	—
Current assets	£4.6m	£4.8m	£4.9m	—
Debtors	£1.3m	£1.5m	£1.5m	—
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Oct 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 18.4%; Profit ÷ revenue.
Gross margin: 48.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Tic Midco Limitedultimate parent75–100%
Tic Pledgeco Limited75–100%
Tic Bidco Limited75–100%
Puma Topco Limited75–100%
Puma Bidco Limited75–100%
Phenna Group Topco Limited75–100%
Phenna Group Midco 1 Limited75–100%
Phenna Group Midco 2 Limited75–100%
Phenna Group Holdings Limited75–100%
Ews Bidco Limited75–100%
Evolution Water Services Ltd.this company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £1.6m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.