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’.