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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-12-24 (in 7mo)

Last made up 2025-12-10

Watchouts

None on the register

Cash

£4M

+130.2% vs 2023

Net assets

£59M

+26.3% vs 2023

Employees

389

+0.5% vs 2023

Profit before tax

£13M

-6.9% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £90,569,174£98,118,362
Operating profit £14,055,244£13,080,912
Profit before tax £14,055,244£13,080,912
Net profit £13,735,155£12,199,968
Cash £1,818,182£4,184,615
Total assets less current liabilities £49,997,330£62,779,809
Net assets £46,383,817£58,583,785
Equity £46,383,817£58,583,785
Average employees 387389
Wages £16,193,331£17,107,737
Directors' remuneration £549,622£618,836

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 15.5%13.3%
Net margin 15.2%12.4%
Return on capital employed 28.1%20.8%
Current ratio 9.10x11.45x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Name history

Renamed 1 time since incorporation

  1. EVOLUTION FUNDING LIMITED 2019-04-18 → present
  2. EVOLUTION FUNDING 2018 LIMITED 2018-05-10 → 2019-04-18

Audit & accounting basis

Accounting basis
FRS 102 §1A
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements are prepared on a going concern basis and the Directors are satisfied that the Group has the resources to continue in business for the foreseeable future (which has been taken as 12 months from the date of approval of the financial statements).”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 5 resigned

Name Role Appointed Born Nationality
HANSON, Matthew James Director 2024-12-18 Nov 1983 British
JOSEY, Duncan Brian Director 2024-08-01 Jan 1976 British
PORTER, Tim Revell Director 2023-11-21 Jun 1965 British
SAGGAR, Sudhir Paul Director 2019-08-21 Aug 1971 British
STREETS, Lee David Director 2018-05-10 May 1974 British
WORSFOLD, Katherine Anne Director 2021-12-01 Aug 1978 British
Show 5 resigned officers
Name Role Appointed Resigned
COVERDALE, Christopher John Lister Director 2018-06-14 2023-09-19
KAYE, Kevin Richard Director 2019-04-02 2025-07-11
LEVINE, Jeremy David Director 2018-05-10 2023-09-19
PORTER, Tim Revell Director 2019-06-25 2023-09-19
WELLER, Steve Director 2019-06-25 2023-09-19

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Evolution Motor Finance Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2019-01-24 Active
Jeremy David Levine Individual Shares 25–50%, Voting 25–50% 2018-05-10 Ceased 2019-01-24
Mr Lee David Streets Individual Shares 25–50%, Voting 25–50% 2018-05-10 Ceased 2019-01-24

Filing timeline

Last 20 of 51 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-10-03 RESOLUTIONS Resolution
  • 2023-10-03 MA Memorandum articles
Date Type Category Description
2025-12-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-30 AA accounts Accounts with accounts type full
2025-07-24 TM01 officers Termination director company with name termination date PDF
2024-12-19 AP01 officers Appoint person director company with name date PDF
2024-12-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-17 AA accounts Accounts with accounts type full
2024-08-01 AP01 officers Appoint person director company with name date PDF
2024-05-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-11 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-11-28 AP01 officers Appoint person director company with name date PDF
2023-10-09 MR04 mortgage Mortgage satisfy charge full PDF
2023-10-09 MR04 mortgage Mortgage satisfy charge full PDF
2023-10-09 MR04 mortgage Mortgage satisfy charge full PDF
2023-10-09 MR04 mortgage Mortgage satisfy charge full PDF
2023-10-03 RESOLUTIONS resolution Resolution
2023-10-03 MA incorporation Memorandum articles
2023-09-25 TM01 officers Termination director company with name termination date PDF
2023-09-25 TM01 officers Termination director company with name termination date PDF
2023-09-25 TM01 officers Termination director company with name termination date PDF
2023-09-25 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page