Evolution Funding has made the latest Sunday Times BDO Profit Track 100 league table for a second consecutive year. The report, which is now in its 19th year, ranks Britain’s private companies with the fastest-growing profits over three years.

Evolution placed 98th with a growth in profit over three years of 55%, which the company attributes to its ongoing commitment to reinvesting into its digital infrastructure and in-house technology.

Jeremy Levine, CEO of Evolution Funding, said:

“Our strategy has always been to reinvest back into the business, allowing us to innovate and adapt our systems, processes and technologies to meet with evolving consumer needs. This, combined with the efforts of our committed and focused people, has allowed us to build a profitable business that delivers a second-to-none customer experience. It is fantastic that we have been recognised for the second year in a row by such a prestigious league table.”

In 2017, the company arranged 33,924 finance agreements and £346 million in new business advances through its motor finance brokerage, which continues to be the largest in the UK.

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.

Terry Jones, partner and head of Yorkshire at BDO, the title sponsor of the league table, commented:

“These high-growth, high-energy and highly-entrepreneurial companies will be the difference between success and failure in our post-Brexit economic future. These businesses are playing their part by recording strong levels of revenue and profit growth and by creating jobs. We’d like to see the Government do more to help them by focusing on skills, infrastructure investment and tax simplification.”

Evolution was one of seven companies headquartered in the East Midlands which made the prestigious league table. Between them, their contribution to the local economy includes employing a total of 2,400 staff and achieving combined profits of £43m.

Evolution Funding has been placed 78th in the 21st annual Sunday Times Virgin Fast Track 100 league table, which ranks Britain’s private companies with the fastest-growing sales.

The motor finance intermediary has shown annual sales growth over three years of 53%, arranged more than 31,000 finance contracts in 2016 and employs 233 people. They were placed 22nd in the Sunday Times BDO Profit Track 100 earlier this year.

Lee Streets, Chief Operating Officer at Evolution said:

“We are delighted to be included in the 2017 Sunday Times Virgin Fast Track. The last three years have seen us grow rapidly across all parts of the company. To be placed 22nd in the Sunday Times profit track earlier in the year was great, now to be included in the top 100 fastest growing companies as well is just fantastic. It’s great recognition for all the hard work and innovation that our people contribute.”

Jeremy Levine, Chief Executive Officer at Evolution added:

“We’ve continued to drive forward during 2017 and our people are tireless in their commitment and focus. Ending the year featured in the Sunday Times Virgin Fast Track 100 is an exciting and fitting recognition of all the work that goes on behind the scenes.”

The Fast Track 100 is sponsored by Virgin, Barclays, BDO, BGF and Virgin Media Business, and is compiled by Fast Track, the Oxford-based research and networking events firm.

Sir Richard Branson of Virgin, the title sponsor for all 21 years, commented:

“Entrepreneurs are the lifeblood of the economy; driving innovation, creating jobs and challenging industry norms. The achievements of the companies on this year’s Fast Track 100 list are fantastic. It’s clear over the coming years UK business will have to adapt to different conditions and we must do all we can to support our entrepreneurs – who will be the engines of growth for Britain.”

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 22^nd 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, 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’.