EVOLUTION FUNDING LIMITED
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Cash
£5.5m
+30.7% highest in 3 filed years
Net assets
£64m
+9.4% highest in 3 filed years
Employees
403
+3.6% highest in 3 filed years
Profit before tax
£5.3m
-59.4% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £90,569,174 | £98,118,362 | £97,299,756 | -0.8% | |
| Operating profit | £14,055,244 | £13,080,912 | £5,305,845 | -59.4% | |
| Profit before tax | £14,055,244 | £13,080,912 | £5,305,845 | -59.4% | |
| Net profit | £13,735,155 | £12,199,968 | £5,514,762 | -54.8% | |
| Cash | £1,818,182 | £4,184,615 | £5,467,802 | +30.7% | |
| Total assets less current liabilities | £49,997,330 | £62,779,809 | £72,027,948 | +14.7% | |
| Net assets | £46,383,817 | £58,583,785 | £64,098,547 | +9.4% | |
| Equity | £46,383,817 | £58,583,785 | £64,098,547 | +9.4% | |
| Average employees | 387 | 389 | 403 | +3.6% | |
| Wages | £16,193,331 | £17,107,737 | £17,094,490 | -0.1% | |
| Directors' remuneration | £549,622 | £618,836 | £704,698 | +13.9% | |
| Directors' pension contributions | £34,775 | £31,082 | £35,324 | +13.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 15.5% | 13.3% | 5.5% | |
| Net margin | 15.2% | 12.4% | 5.7% | |
| Return on capital employed | 28.1% | 20.8% | 7.4% | |
| Gearing (liabilities / total assets) | 16.7% | 14.2% | 18.4% | |
| Current ratio | 9.10x | 11.45x | 10.86x |
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
- Reporting scope
- Standalone (parent only)
- 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).”
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 52 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 | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.