EVOLUTION FUNDING LIMITED
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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
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| 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 | 387 | 389 | |
| 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
-
Turnover
+8.3%
£90,569,174 £98,118,362
-
Cash
+130.2%
£1,818,182 £4,184,615
-
Net assets
+26.3%
£46,383,817 £58,583,785
-
Employees
+0.5%
387 389
-
Operating profit
-6.9%
£14,055,244 £13,080,912
-
Profit before tax
-6.9%
£14,055,244 £13,080,912
-
Wages
+5.6%
£16,193,331 £17,107,737
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 15.5% | 13.3% | |
| Net margin | 15.2% | 12.4% | |
| Return on capital employed | 28.1% | 20.8% | |
| Current ratio | 9.10x | 11.45x |
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
- EVOLUTION FUNDING LIMITED 2019-04-18 → present
- 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
- “In a continued effort to further reduce our impact on the environment and following the increasing popularity of Electric Vehicles (EV's), we are in our first full year of an EV Scheme for employees.”
- “Fuel and electricity consumption in relation to gas office heating and office electricity decreased this year as there were significant renovation works on the premises during the year which meant that the buildings were less occupied with staff, therefore less need for gas and electric.”
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 | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 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 | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.