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.