Evolution Funding growth recognition at Northern Tech Awards 2017

Northern Tech Awards 2017

Automotive funding and retailing group Evolution Funding has been named ‘Fastest Growing Larger Company of the Year’ at the Northern Tech Awards 2017.

Technology investment bank GP Bullhound this year partnered with Tech North, the government backed tech sector initiative, to find, recognise and celebrate the region’s biggest tech success stories.

The Awards recognise the top 100 fastest growing technology companies in the North and the innovative technologies they have created, as well as identifying the next British tech unicorns.

With a 58% annual revenue growth between the last three years, Evolution not only secured ‘Fastest Growing Larger Company of the Year’ but was also recognised as one of the ‘Top 50 Fastest Growing Technology Companies’, ranking 27th in the table.

Evolution CEO Jeremy Levine said:

“Evolution has consistently had a tech-first approach throughout our brands and we have invested heavily in our technology and systems to deliver a best-in-class finance solution to both our dealer partners and our customers.
“Our approach to technology development has helped to drive our growth and expansion and we are delighted to have this recognised by the prestigious Northern Tech Awards”.

The winners of the Northern Tech Awards were decided by a judging panel which included Peter Flint, Founder of real estate site Trulia, along with senior figures within successful businesses such as Barclays, Boohoo, Sky Betting and Gaming, Sage and Wired magazine.

Evolution Funding ‘Intermediary of the Year’ for second consecutive year

Leading motor finance broker Evolution Funding has been named Intermediary of the Year 2017 at the prestigious annual Motor Finance Awards. This marks the second consecutive year that Evolution has been awarded the title. They were also nominated for Best Digital Innovation.

Held in conjunction with the leading car finance industry journal and Verdict briefing service Motor Finance, this year’s event was hosted at the Westin Grand Hotel in Frankfurt on 16th March.

The awards recognise achievements in the European motor finance industry and challenged candidates to share their recent successes. All winners were selected by an independent judging panel, and by Motor Finance’s editorial team members.

Jonathan Minter, Editor of Motor Finance, said:

“These awards highlight the quality and range of providers and products available to consumers looking to purchase a car on finance, and to recognise some of the best of the best in the industry. The quality of the nominees entering this year’s Motor Finance Awards was extremely impressive. The competition in the categories was extremely tight, and I would like to personally congratulate all of the finalists, as well as the category winners.
I would also like to thank each of our expert independent judges, who spent hours reading over the nominees, and judging each category.”

The 2017 Motor Finance Awards gala dinner was preceded by a day conference that brought together captive finance representatives, banks, leasing companies, automotive finance professionals and industry disruptors in discussions around key issues the industry is currently facing across Europe and globally – regulatory updates, leasing developments, consumer behaviour, fleet management and the rise of digital.

The Winners of the 2017 Motor Finance Awards are:

Captive Finance Company of the Year 2017: Hyundai Capital

Intermediary of the Year 2017: Evolution Funding

Sub-Prime Lender of the Year 2017: Billing Finance

Legal Provider of the Year 2017: Shoosmiths

Fleet Services Provider of the Year 2017: Alphabet

Best Finance Product 2017: Codeweavers

Digital Innovation of the Year 2017: Bonafidee

Digital Innovation of the Year: Fleet: Volkswagen Financial Services

Digital Innovation of the Year: Consumer Lending: BMW Group Financial Services

Non -Bank Owned Independent Finance Provider of the Year: Blue Motor Finance

Bank Owned Independent Finance Provider of the Year: Close Brothers Motor Finance

Rising Star 2017: Kelly Kane

Industry Ambassador: Peter Cottle

Evolution Funding wins place on league table of Britain’s fastest-growing profit stars

Fast-Track

The 18th annual Sunday Times BDO Profit Track 100 league table ranks Britain’s private companies with the fastest-growing profits over three years. The full results will be published this Sunday 2nd April 2017.

Evolution Funding can reveal that they have been placed 22nd in the Fast Track league table. The company has demonstrated an impressive 94% annual profit growth over three years, financing more than 31,000 vehicle loans in 2016 and increasing its rental fleet to 1800.

Jeremy Levine, Chief Executive Officer at Evolution said:

“We have enjoyed tremendous success over the last three years by reinvesting profits in a drive for growth across the group.  This has been combined with additional investment in technology that has delivered operating efficiency and an improved customer journey. The net result has seen us offer great value to customers and dealers whilst delivering underlying profitability. We will continue to reinvest in growing our business partnerships.”

Lee Streets, Chief Operating Officer at Evolution, added:

“We are delighted to have been listed in this highly-regarded league table. It has always been something of a personal ambition for Evolution Funding to be recognised by the Sunday Times Profit Track 100 and the accolade is testament to the innovation and commitment of our people.”

The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.

Richard Rose, partner and head of the Midlands at BDO, the title sponsor of the league table, commented:

“High-growth, mid-sized businesses played a leading role in the UK economic recovery after the global financial crisis. With Brexit and more uncertainty looming, it is companies like these with their natural energy, ambition and entrepreneurial spirit that will help the UK economy thrive. By supporting their growth, government would also be helping to achieve a more regionally balanced economy that ‘works for all’.”

Evolution was one of four companies headquartered in the East Midlands who made the prestigious league table. Between them all they have made a strong contribution to the local economy, employing a total of 1,200 staff and achieving combined profits of £19m.

Evolution Funding named F&I ‘Broker of the Year’ 2016

Evolution Funding has been named F&I Conference & Awards 2016 ‘Broker of the Year’ for the second consecutive year.

The conference and awards, which are now in their sixth year, feature a day of industry-leading debate and discussion, followed by an evening of recognition for the best performers in the industry.

The category, which is awarded based on nominations from motor dealers, invited evidence of how their broker partner had consistently proven to be a trusted and valuable addition to their F&I offering.

Accepting the award on the evening, Jeremy Levine, Chief Executive Officer, said:

“Our business is driven by our dealer partners and we work hard to build and deliver on those partnerships. It is fantastic that our dealers value us highly enough to nominate us for a prestigious, industry-recognised award.
“We are proud to have a dedicated and innovative team of people who work tirelessly to deliver to the highest standards and winning this award yet again is testament to all the hard work that goes on behind the scenes.
“We’re a company that never stands still and we’re committed to helping our dealer partners embrace the opportunities that future developments in finance and digital present.”

The award rounds off another successful year of recognition for Evolution Funding which saw them named ‘Motor Finance Intermediary of the Year 2016’, listed in the Investec Mid-Market 100, identified as one of London Stock Exchange’s ‘1000 Companies to Inspire Britain’ and named in the Top 50 Fastest Growing Tech Companies at the Northern Tech Awards 2016.

Evolution Funding named ‘Broker of the Year’ at Car Finance Awards 2016

Evolution Funding has been named ‘Broker of the Year’ at the inaugural Car Finance Awards 2016.

The awards, which were hosted by British racing driver and presenter of 5th Gear, Vicky Butler-Henderson, followed a day of networking and industry expert panel discussions around opportunities and challenges within the car finance industry.

The category, which was judged by an independent panel of experts representing every area of the car finance industry, looked primarily at business performance, with keen focus on the key performance indicators throughout the business.

Accepting the award on the evening, Jeremy Levine, Chief Executive Officer, commented afterwards:

“We have an incredibly focused, dedicated and innovative team of people within the company and so it is fantastic that Evolution should receive further recognition for the work that goes into making us the leading motor finance broker in the UK.
“We have lots of developments ready to roll out which will help our dealer partners to embrace the exciting opportunities that digital presents, with the end game of assisting them in selling even more cars.
“We are excited to have won this award and you can be sure that we’ll be living up to the title!”

The accolade comes on the back of a period of success for the group who continue to win both industry and outside recognition.

Recent awards include being named ‘F&I Broker of the Year 2015’, ‘Motor Finance Intermediary of the Year 2016’, listed in the Investec Mid-Market 100, identified as one of London Stock Exchange’s ‘1000 Companies to Inspire Britain’ in both 2015 and 2016 and named in the Top 50 Fastest Growing Tech Companies at the Northern Tech Awards 2016.

The company has also recently joined ELITE, the London Stock Exchange Group’s innovative support programme for inspiring growth businesses.

Evolution Funding joins London Stock Exchange Group ELITE programme

Evolution Funding, the UK’s leading motor funding intermediary, has today been welcomed to ELITE, the London Stock Exchange Group’s innovative support programme for inspiring growth businesses.

They join a record number of 46 companies accepted onto the fifth cohort of the UK programme, 16 of which are UK companies representing a diverse range of sectors. Today’s new cohorts bring the total number of businesses in the community to over 380, generating over £25 billion in combined revenues and accounting for over 130,000 jobs.

ELITE offers businesses a full programme to help them grow, including education, business support and direct contact with Europe’s financial and advisory community. In the UK, Imperial College Business School helps deliver the programme. Management teams are guided on how best to fast-track their development and capital raising processes, how to access the most suitable funding for their needs, whether private equity, venture capital or the bond or equity markets, and given advice on building their profile and reach.

ELITE also allows its vibrant international advisor and investor community the opportunity to engage with a pool of high quality, dynamic companies and entrepreneurs, all of whom are open to the advice, opportunities and connections that the programme offers.

Xavier Rolet, CEO, London Stock Exchange Group:

“As the European Commission’s pioneering Capital Markets Union work confirms, to truly unleash the potential of high growth firms, they need access to finance and financial knowledge, which LSEG is committed to delivering through ELITE.
“It is almost two years to the day since ELITE was launched in the UK, giving the brightest and fastest growing British businesses the opportunity to expand, innovate and create new jobs. I’m delighted to have charted the successes of the first group of UK companies, who this month also become the first to graduate from ELITE and warmly welcome today’s new companies at the start of their ELITE journeys.”

Jeremy Levine, Director, Evolution Funding:

“We are delighted to have been accepted onto the ELITE programme. We have extensive plans for growth and expansion and the support, advice and guidance we’ll receive through ELITE will ensure that we have all the right knowledge and foundations in place to support those plans. We are excited to see what we can achieve off the back of our involvement in ELITE.”

Evolution Funding wins at Motor Finance awards 2016

Evolution Funding, the UK’s leading motor finance broker, has been named Intermediary of the Year 2016 at the prestigious annual Motor Finance Awards, held in conjunction with the Motor Finance Conference at the Steigenberger Frankfurter Hof Hotel in Frankfurt 7th April.

The awards, held by leading car finance industry journal Motor Finance, recognised achievements in the European motor finance industry in 2016 as well as challenging candidates to share their recent successes. All winners were selected by an independent judging panel, and by Motor Finance’s editorial team members.

Jonathan Minter, Editor of Motor Finance, said:

“For the second Motor Finance Conference we were really impressed with the calibre of entries we received for our awards, and I would like to congratulate all of the eventual winners, as well as each of the finalists. These awards were designed to showcase not only the best of the best in motor finance, but also the range of companies and people who go into making buying a car on secured finance such a simple and painless process.
“When looking at the number of entries, this year was notably higher than the inaugural conference, which shows just how well received the awards were, and how well regarded the event was. I would also like to thank our panel of expert judges, who I know spent a lot of time going over the nominations and debating the pros and cons of various entries.”

The 2016 Motor Finance Awards gala dinner was preceded by a day conference that brought together captive finance representatives, banks, leasing companies, automotive finance professionals and industry disruptors in discussions around key issues the industry is currently facing across Europe and globally – regulatory updates, leasing developments, consumer behaviour, fleet management and the rise of digital.

The winners of the 2016 Motor Finance Awards are:

Captive Finance Company of the Year 2016: BMW Group Financial Services

Independent Finance Provider of the Year 2016: Black Horse

Intermediary of the Year 2016: Evolution Funding

Sub-Prime Lender of the Year 2016: Moneybarn

Legal Provider of the Year 2016: Shoosmiths

Fleet Services Provider of the Year 2016: Leaseplan

New Entrant of the Year 2016: Blue Motor Finance

IT Services Provider of the Year 2016: Sword Apak

Best Finance Product 2016: NextGear Capital UK

Advisory Firm of the Year 2016: KPMG AG WPG “Captive Finance”

Innovator of the Year 2016: AU10TIX (With RCI Financial services UK)

Rising Star Award 2016: Matt Solven, Audi Financial Services for Volkswagen Financial Services (UK) Ltd

Industry Ambassador of the Year 2016: Erhard Paulat, GM Financial

Evolution Funding Inspires Britain for Second Year Running

Evolution Funding, the UK’s leading multi-disciplinary motor finance broker, has been identified as one of London Stock Exchange’s ‘1000 Companies to Inspire Britain’.

The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses. To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers. Evolution joins an elite group of just 240 companies across all industries that made the grade for a second year running.

Xavier Rolet, Chief Executive, London Stock Exchange Group said:

“We want to shine a light on what we know to be true: that these companies are the engine of the UK economy.”

Rt Hon George Orbourne MP added:

“The entrepreneurs in this report illustrate our nation’s capacity to produce world-class innovation.”

Evolution Funding employs 190 people UK-wide and boasts multiple arms to its operation, including a motor finance brokerage, vehicle rentals, vehicle loans, and a car dealership and body shop.

Established 13 years ago, the company experienced comparatively modest growth until four years ago when it grew by 32% year on year.

It has maintained that level of exponential growth ever since and is set to post equally positive numbers during 2016 according to management. In comparison, the whole motor finance industry grew by 15% to 20% year-on-year in the same period, giving perspective to Evolution Funding’s significant achievements.

The company, which funds vehicle loans across a 2000-strong national network of dealership partners and has tripled its flexi-rental fleet to 1275 vehicles, was named ‘F&I Broker of the Year 2015’ and listed in the Investec Mid-Market 100, a ranking of the UK’s fastest-growing private companies.

Jeremy Levine, Director, Evolution Funding commented:

“For Evolution Funding, our inclusion in the London Stock Exchange report for a second year running is a reflection of Evolution’s ongoing commitment to reinvesting today’s success in the future growth and innovation of our partnerships and our people. We are delighted that we have been recognised yet again and we thank our teams for their continued focus and dedication to making Evolution Funding a force to be reckoned with.”

A full searchable database of all of the companies along with a downloadable PDF of the publication can be found online at www.1000companies.com.

Evolution Funding in Top 100 of UK’s fastest growing companies

Leading multi-discipline motor finance broker Evolution Funding has announced their inclusion in the Investec Mid-Market 100, a ranking of the UK’s fastest growing private companies.

Based on research conducted by the specialist lender in conjunction with The Times, the ranking identifies the cream of a crop of 24,000 medium-sized businesses in Britain.

Evolution Funding employs 180 people UK-wide and boasts multiple arms to its operation, including a motor finance brokerage, vehicle rentals, vehicle loans, and a car dealership and body shop.

Established 13 years ago, the company experienced comparatively modest growth until four years ago when it grew by 32% year on year.

It has maintained that level of exponential growth ever since and is set to post equally positive numbers this year according to management. In comparison, the whole motor finance industry grew by 15% to 20% year-on-year in the same period, giving perspective to Evolution Funding’s significant achievements.

Director Jeremy Levine commented:

For Evolution Funding the Investec mid market 100 listing demonstrates four years of sustainable and improving growth and is a reflection of Evolution’s ongoing commitment to reinvesting today’s success in the future growth and innovation of our partnerships.
We are delighted with this performance and to note that our 2015 figures will improve again further as Evolution Funding looks forward to the significant opportunities available in 2016/2017.”

The company, which funds vehicle loans across a 2000-strong national network of dealership partners and has tripled its flexi-rental fleet to 1115 vehicles, was recently named ‘F&I Broker of the Year 2015’ and identified as one of London Stock Exchange’s ‘1000 Companies to Inspire Britain’.

Evolution Funding announced ‘Broker of the Year 2015’

F&I Broker of the Year Award 2015

Evolution Funding were named  ‘Broker of the Year 2015’ winners at the annual Frontline F & I Conference & Awards, held at Leeds Armouries.

Sales Director, Chris Coverdale commented:

Evolution Funding have had a tremendous year in terms of growth and innovation and will continue to lead from the front in an exciting and ever changing environment. Being recognized by our partners and peers within the industry is important so that we can continue to develop market leading products, service and technology that help motor dealers sell more cars to more customers in a compliant manner.