How much does Evtec Automotive Limited make?

Evtec Automotive Limited reported revenue of £48.2m and a loss of £963k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Evtec Automotive Limited have?

Evtec Automotive Limited reported an average of 141 employees in the year to 31 Mar 2023.

Is Evtec Automotive Limited profitable?

No — Evtec Automotive Limited reported a loss of £963k in the year to 31 Mar 2023.

Company No. 12650654 · Incorporated 8 Jun 2020

Evtec Automotive Limited

Registered name: EVTEC AUTOMOTIVE LIMITED

Part of Evtec Group Holdings Limited group

Evtec Automotive Limited made £48.2m revenue and a £963k loss in the year to 31 Mar 2023.

Evtec Automotive Limited’s revenue was £48.2m in the year to 31 Mar 2023, with a loss of £963k and 141 employees. The company is classified under “manufacture of other parts and accessories for motor vehicles” and is based in Coventry; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29320Manufacture of other parts and accessories for motor vehicles SIC 96090Other service activities n.e.c.

Status: Active
Location: Coventry, West Midlands
Age: 6 yrs · since 2020
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 Mar 2023

Key figures

Cash flow filed

Revenue

£48.2m

Growth —

Profit

−£963k

Growth —

Profit margin

−2%

Gross 10%

Employees

141

Change —

Profit / employee

−£6.8k

Revenue/employee £342k

Profitable streak

0yrs

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 to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£71.3m	£48.2m
Cost of sales	£63.5m	£43.3m
Gross profit	£7.8m	£4.8m
Operating profit	£2m	£493k
Profit after tax	£94.4k	−£963k
Profit (best available)	£94.4k	−£963k
Staff costs	£6.1m	£4.7m
Employees (average)	153	141
Ratios
Profit margin	0.1%	−2%
Gross margin	11%	10%
Revenue per employee	£466k	£342k
Profit per employee	£617	−£6.8k
Cash conversion	19%	96.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£56.5k	£211k
Net assets	£94.4k	−£435k
Current assets	£8.9m	£9m
Debtors	£4m	£4m
Deferred income	£53.6k	£110k
Cash from operations	£378k	£474k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −2%; Profit ÷ revenue.
Gross margin: 10%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £342k; Revenue ÷ average employees.
Profit per employee: −£6.8k; Profit ÷ average employees.
Cash conversion: 96.2%; 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: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.3%; 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 −£435k
Cash at bank: —; Now £211k
Headcount: —; Now 141
Deferred income: —; Now £110k
Fixed assets: —; Now —

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

Evtec Group Holdings Limitedultimate parent75–100%
Evtec Group Limited75–100%
Evtec Automotive 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£963k), from the Companies House accounts bulk data published Dec 2023. 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.