Evolution Funding

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.
Company Growth (employees)
Type
Private
HQ
Derbyshire, GB
Founded
2002
Size (employees)
100 (est)+2%
Evolution Funding was founded in 2002 and is headquartered in Derbyshire, GB

Evolution Funding Office Locations

Evolution Funding has an office in Derbyshire

Evolution Funding Data and Metrics

Summary Metrics

Founding Date

2002

Evolution Funding Financial Metrics

Evolution Funding's revenue was reported to be £38.8 m in FY, 2015 which is a 59% increase from the previous period.
GBP

Revenue (FY, 2015)

38.8 m

Revenue growth (FY, 2014 - FY, 2015), %

59%

Gross profit (FY, 2015)

7.4 m

Gross profit margin (FY, 2015), %

19%

Net income (FY, 2015)

3.6 m

Cash (31-Dec-2015)

203.4 k
GBPFY, 2013FY, 2014FY, 2015

Revenue

16.9 m24.4 m38.8 m

Revenue growth, %

44%59%

Cost of goods sold

12.6 m20.8 m31.4 m

Gross profit

4.3 m3.6 m7.4 m

Gross profit Margin, %

25%15%19%

Operating expense total

3.4 m1.5 m2.3 m

Pre tax profit

891.9 k2 m4.5 m

Net Income

708.7 k1.6 m3.6 m
GBPFY, 2013FY, 2014FY, 2015

Cash

128.3 k102.5 k203.4 k

Accounts Receivable

636.8 k1.5 m2.2 m

Current Assets

3.8 m4.4 m7.6 m

PP&E

1.3 m8.3 m28.1 m

Total Assets

5 m12.7 m35.7 m

Accounts Payable

968 k2.2 m4 m

Current Liabilities

3.2 m6.5 m19 m

Retained Earnings

558.7 k1.4 m3.4 m

Total Equity

1.2 m2.6 m6.1 m

Financial Leverage

4.3 x4.8 x5.9 x
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

411.4 k4.4 m7.4 m

Cash From Financing Activities

112.8 k3.3 m(4.5 m)

Income Taxes Paid

(183.2 k)(372.7 k)(962.7 k)
Y, 2015

Financial Leverage

5.9 x

Evolution Funding Online and Social Media Presence

Evolution Funding Company Life and Culture

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