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, 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.

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’.