We specialise in providing finance products to customers looking to fund their motor vehicle via one of over 2500 approved partner dealerships and groups across the UK. Evolution have two main goals: to help our dealers to sell more cars and to facilitate their customers to buy the car they want, at the budget they can afford. Evolution delivers a quick, efficient and hassle-free approach to motor sales, both for the customer and the dealership. With consistent and profitable growth since launching, Evolution Funding has become one of the largest point-of-sale motor finance intermediaries in the country and is, without a doubt, the fastest growing. We offer a hybrid funding solution utilizing both our own and third party lending to offer a comprehensive and innovative product portfolio which will, during 2014, fund in excess of 16,000 vehicle loans for both private and business users. Based in Chesterfield, our national service is delivered to our dealers through thirty six Account Managers, five Regional Directors and a dedicated Key Accounts team. We are passionate about creating and adding value to our dealership partners. Working with Evolution offers our dealership partners the opportunity to sell more vehicles to more customers at enhanced profits and we are always challenging ourselves to find new ways to help them sell more cars via our finance products.
Show more
Type
Private
HQ
Derbyshire, GB
Founded
2002
Size (employees)
123 (est)+6%
Evolution Funding was founded in 2002 and is headquartered in Derbyshire, GB
Report incorrect company information

Evolution Funding Office Locations

Evolution Funding has an office in Derbyshire
Show all (1)
Report incorrect company information

Evolution Funding Financials and Metrics

Summary Metrics

Founding Date

2002
Show all financial metrics

Evolution Funding Financials

Evolution Funding's revenue was reported to be £60.74 m in FY, 2016 which is a 56.7% increase from the previous period.
GBP

Revenue (FY, 2016)

60.7 m

Revenue growth (FY, 2015 - FY, 2016), %

56.7%

Gross profit (FY, 2016)

14 m

Gross profit margin (FY, 2016), %

23%

Net income (FY, 2016)

4.1 m

EBITDA (FY, 2016)

11.1 m

EBIT (FY, 2016)

6.7 m

Cash (31-Dec-2016)

576.6 k
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.8 m10.5 m13 m16.9 m24.4 m38.8 m60.7 m

Revenue growth, %

44%59%57%

Cost of goods sold

8.6 m9 m10.5 m12.6 m20.8 m31.4 m46.7 m

Gross profit

1.1 m1.5 m2.5 m4.3 m3.6 m7.4 m14 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

139.3 k234.4 k136.4 k204 k43.8 k241.9 k128.3 k102.5 k203.4 k576.6 k

Accounts Receivable

178.8 k288.6 k267.9 k304.9 k511.5 k572.4 k636.8 k1.5 m2.2 m4.3 m

Inventories

8 k52.9 k70.1 k310.6 k841.9 k2.6 m2.1 m3.8 m12.7 m

Current Assets

326.2 k523 k457.2 k662.9 k943.9 k1.9 m3.8 m4.4 m7.6 m18.7 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

129 k224.6 k438.9 k708.7 k1.6 m3.6 m4.1 m

Cash From Operating Activities

510.6 k411.4 k4.4 m7.4 m744.1 k

Dividends Paid

80 k120 k120 k150 k150 k150 k150 k

Cash From Financing Activities

(173.6 k)112.8 k3.3 m(4.5 m)26.2 m
GBPY, 2016

Revenue/Employee

764.9 k

Debt/Equity

0.1 x

Financial Leverage

6.5 x
Show all financial metrics
Report incorrect company information

Evolution Funding Online and Social Media Presence

Embed Graph
Report incorrect company information