Evolution Auto Limited

Reference number: 1037901

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

Forward Asset Finance Limited Reference number: 630723 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • EVOLUTION AUTO LIMITED (FRN 1037901) is an AR of Forward Asset Finance Limited (FRN 630723). When you use EVOLUTION AUTO's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from EVOLUTION AUTO, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When ezoo.uk first appeared online, and whether it can receive email
  • What kind of line 020 3950 0270 is
  • Who else gives the postcode CV1 2TE
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • EZOO Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Forward Asset Finance Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
11142739
Company status
Active
Company type
Private limited company
Incorporated
10 January 2018 (8 years old)
Registered office
Friars House, Manor House Drive, Coventry, CV1 2TE, England
Nature of business
  • Business and domestic software development (SIC 62012)
  • Renting and leasing of cars and light motor vehicles (SIC 77110)

Directors and company secretaries

Name Role Born Appointed Other companies
Charnjit Saranna Director Jan 1967 10 Jan 2018 5 other companies
Lashman Saranna Director Sep 1962 10 Jan 2018 10 other companies

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
10
closed down
4
is FCA-registered
1

In the full report: all 10 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • The 5 companies these 2 directors run together
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Filed accounts and finances

Year to 31 March 2026Small company accountsNot audited

Net assets

−£1.49m

Up £10.0k from −£1.50m

Cash at bank

£89.2k

+45% from £61.6k

Employees (average)

10

Same as 10

Owed within a year

£470k

<1% from £473k

Net assets are negative: on its last balance sheet the company owed £1.49m more than it owned.

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 11142739. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Evolution Auto’s history from the FCA register and Companies House, newest first.

Key events (4) All events (7)

2025

7 August 2025

  • Became an appointed representative

FCA register

2018

10 January 2018

  • Incorporated at Companies House
  • Charnjit Saranna became a part-owner (25–50% of shares)
  • Lashman Saranna became a part-owner (25–50% of shares)

Companies House

In the full report: all 7 events

  • All 7 events in its history (4 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Evolution Auto

Other FCA-listed firms that share a director, phone number or address with Evolution Auto. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share a director
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Evolution Auto

Other firms of the same type (car dealer), nearest first.

In Coventry

Lotus Technology Innovative LimitedCoventryAppointed representativeStellantis &You UK LimitedCoventryAppointed representativeGeely Auto UK LimitedCoventryAppointed representativeGreen 4 Motor Company LimitedCoventryAppointed representativeIkigai Motor Company LtdCoventryAppointed representativeJ R Motor Company (UK) LimitedCoventryAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Evolution Auto

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 10 other companies its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 7 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Evolution Auto Limited FCA authorised?
Evolution Auto Limited (FRN 1037901) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Evolution Auto?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Evolution Auto Limited (FRN 1037901) is an AR of Forward Asset Finance Limited (FRN 630723). When you use Evolution Auto's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Evolution Auto, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Evolution Auto’s phone number and website?
The FCA register lists the phone number 020 3950 0270 and the website ezoo.uk for Evolution Auto. If you were given different contact details, use these to check with the firm before going any further.
Is Evolution Auto a scam or clone?
Evolution Auto is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Evolution Auto?
Protection works through Forward Asset Finance Limited, the principal firm responsible for Evolution Auto's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Evolution Auto?
Companies House lists 2 people with significant control of Evolution Auto: Mr Lashman Saranna (25–50% of shares) and Mrs Charnjit Saranna (25–50% of shares).
Who runs Evolution Auto?
Companies House lists 2 directors of Evolution Auto: Charnjit Saranna and Lashman Saranna.
How long has Evolution Auto been in business?
The company was formed on 10 January 2018.
What do Evolution Auto’s latest accounts show?
Its latest accounts, to 31 March 2026, show net assets of −£1.49m (up £10.0k from −£1.50m) and cash at bank of £89.2k (+45% from £61.6k).
Does Evolution Auto use any other names?
It trades as EZOO.

Sources and links

The full report on Evolution Auto Limited

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