How much does Evolve B G Limited make?

Evolve B G Limited reported revenue of £20.7m and £1.9m profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does Evolve B G Limited have?

Evolve B G Limited reported an average of 117 employees in the year to 31 Jan 2025.

Is Evolve B G Limited profitable?

Yes — Evolve B G Limited reported a profit of £1.9m in the year to 31 Jan 2025.

Company No. 05659614 · Incorporated 20 Dec 2005

Evolve B G Limited

Registered name: EVOLVE B G LIMITED

Part of Evolve B G Holdings Limited group

Evolve B G Limited made £20.7m revenue and £1.9m profit in the year to 31 Jan 2025.

Evolve B G Limited’s revenue grew 44% to £20.7m in the year to 31 Jan 2025, with £1.9m profit and 117 employees. The company is classified under “specialised design activities” and is based in Wigan; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74100specialised design activities

Status: Active
Location: Wigan, North West
Age: 20 yrs · since 2005
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 Jan 2025

Key figures

Revenue

£20.7m

Growth ▲43.7%

Profit

£1.9m

Growth —

Profit margin

9.3%

Gross 47.9%

Employees

117

Change ▲67.1%

Profit / employee

£16.5k

Revenue/employee £177k

Profitable streak

1yr

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£14.4m	£20.7m
Cost of sales	—	£8.2m	£10.8m
Gross profit	—	£6.2m	£9.9m
Operating profit	—	−£290k	£1.8m
Profit before tax	—	−£718k	£2.1m
Profit after tax	£1.4m	−£734k	£1.9m
Profit (best available)	£1.4m	−£734k	£1.9m
Staff costs	—	£2.9m	£5.6m
Employees (average)	38	70	117
Ratios
Profit margin	—	−5.1%	9.3%
Gross margin	—	43%	47.9%
Revenue per employee	—	£206k	£177k
Profit per employee	£36.4k	−£10.5k	£16.5k
Growth (year on year)
Revenue growth	—	—	▲43.7%
Profit growth	—	▼153%	—
Headcount growth	—	▲84.2%	▲67.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£670k	£495k	£4.7m
Net assets	£2.2m	£1.1m	£2.8m
Fixed assets	£2.9m	£2.5m	£2.8m
Current assets	£2.2m	£3.5m	£8.1m
Debtors	£875k	£2.1m	£2m
Deferred income	£124k	£762k	£3.2m
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 9.3%; Profit ÷ revenue.
Gross margin: 47.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £177k; Revenue ÷ average employees.
Profit per employee: £16.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 15.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; 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: ▲156%; Now £2.8m
Cash at bank: ▲847%; Now £4.7m
Headcount: ▲67%; Now 117
Deferred income: ▲319%; Now £3.2m
Fixed assets: ▲11%; Now £2.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Evolve B G Holdings Limitedultimate parent75–100%
Evolve B G Limitedthis 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £1.9m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

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