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Company No. 10779403 · Incorporated 19 May 2017

Evoco Digital Services Ltd

Registered name: EVOCO DIGITAL SERVICES LTD

Part of Vesta Topco Limited group

Evoco Digital Services Ltd made £2.7m revenue and £599k profit in the year to 31 Dec 2022.

Evoco Digital Services Ltd’s revenue grew 19% to £2.7m in the year to 31 Dec 2022, with £599k profit and 5 employees. The company is classified under “other business support service activities” and is based in Birmingham; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Birmingham, West Midlands
Age
9 yrs · since 2017
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 2022

Key figures

Small teamCapital-lightOperating leverageDoing more with less
Revenue
£2.7m
Growth ▲19.2%
Profit
£599k
Growth ▲497.4%
Profit margin
22.3%
Gross 29.3%
Employees
5
Change ▼50%
Profit / employee
£120k
Revenue/employee £537k
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202131 Dec 2022
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£2.3m£2.7m
Cost of sales£1.7m£1.9m
Gross profit£571k£787k
Operating profit£118k£715k
Profit before tax£119k£715k
Profit after tax£100k£599k
Profit (best available)£100k£599k
Employees (average)105
Ratios
Profit margin4.5%22.3%
Gross margin25.4%29.3%
Revenue per employee£225k£537k
Profit per employee£10k£120k
Growth (year on year)
Revenue growth—▲19.2%
Profit growth—▲497.4%
Headcount growth—▼50%
Balance sheet — indirect signals, not revenue
Cash at bank£213k£117k
Net assets£443k£1m
Fixed assets£24.2k£17.1k
Current assets£896k£1.2m
Debtors£683k£164k
Deferred income£0£13.5k
SourceFullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2024
Derived from the latest filing

How the business works

Profit margin
22.3%
Profit ÷ revenue.
Gross margin
29.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£537k
Revenue ÷ average employees.
Profit per employee
£120k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
6.1%
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
▲129%
Now £1m
Cash at bank
▼45%
Now £117k
Headcount
▼50%
Now 5
Deferred income
—
Now £13.5k
Fixed assets
▼29%
Now £17.1k

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

  1. Vesta Topco Limitedultimate parent75–100%
  2. Vesta Midco Limited75–100%
  3. Investment Company 24 Bidco Limited75–100%
  4. Version 1 Software UK Limited75–100%
  5. Evoco Digital Services Ltdthis company

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

Sister companies (7)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit £599k), from the Companies House accounts bulk data published Mar 2024. 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.