evolution money group limited
evolution money group limited Company Information
Company Number
08423025
Next Accounts
Dec 2025
Industry
Activities of financial services holding companies
Shareholders
terence o'neill
stephen philip brilus
View AllGroup Structure
View All
Contact
Registered Address
9 portland street, manchester, M1 3BE
Website
www.evolutionmoney.co.ukevolution money group limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION MONEY GROUP LIMITED at £93.8m based on a Turnover of £38.8m and 2.42x industry multiple (adjusted for size and gross margin).
evolution money group limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION MONEY GROUP LIMITED at £174.8m based on an EBITDA of £21.2m and a 8.26x industry multiple (adjusted for size and gross margin).
evolution money group limited Estimated Valuation
Pomanda estimates the enterprise value of EVOLUTION MONEY GROUP LIMITED at £41.1m based on Net Assets of £23.2m and 1.77x industry multiple (adjusted for liquidity).
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Evolution Money Group Limited Overview
Evolution Money Group Limited is a live company located in manchester, M1 3BE with a Companies House number of 08423025. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in February 2013, it's largest shareholder is terence o'neill with a 73.6% stake. Evolution Money Group Limited is a established, large sized company, Pomanda has estimated its turnover at £38.8m with high growth in recent years.
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Evolution Money Group Limited Health Check
Pomanda's financial health check has awarded Evolution Money Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £38.8m, make it larger than the average company (£12.2m)
£38.8m - Evolution Money Group Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.3%)
20% - Evolution Money Group Limited
9.3% - Industry AVG
Production
with a gross margin of 78.3%, this company has a comparable cost of product (78.3%)
78.3% - Evolution Money Group Limited
78.3% - Industry AVG
Profitability
an operating margin of 54.1% make it more profitable than the average company (7.9%)
54.1% - Evolution Money Group Limited
7.9% - Industry AVG
Employees
with 158 employees, this is above the industry average (64)
158 - Evolution Money Group Limited
64 - Industry AVG
Pay Structure
on an average salary of £52.6k, the company has a lower pay structure (£81k)
£52.6k - Evolution Money Group Limited
£81k - Industry AVG
Efficiency
resulting in sales per employee of £245.8k, this is equally as efficient (£217.6k)
£245.8k - Evolution Money Group Limited
£217.6k - Industry AVG
Debtor Days
it gets paid by customers after 163 days, this is later than average (44 days)
163 days - Evolution Money Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (46 days)
7 days - Evolution Money Group Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Evolution Money Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (29 weeks)
47 weeks - Evolution Money Group Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.5%, this is a higher level of debt than the average (52.5%)
89.5% - Evolution Money Group Limited
52.5% - Industry AVG
EVOLUTION MONEY GROUP LIMITED financials
Evolution Money Group Limited's latest turnover from March 2024 is £38.8 million and the company has net assets of £23.2 million. According to their latest financial statements, Evolution Money Group Limited has 158 employees and maintains cash reserves of £9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 38,843,000 | 28,843,000 | 22,120,000 | 22,716,000 | 32,791,000 | 25,502,000 | 20,021,000 | 14,699,000 | 10,994,000 | 8,980,000 | 6,055,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | 21,009,000 | 14,085,000 | 9,883,000 | 10,740,000 | 11,808,000 | 9,494,000 | 7,454,000 | 3,589,000 | 4,272,000 | 3,659,000 | 2,702,000 |
| Interest Payable | 15,371,000 | 8,997,000 | 4,959,000 | 5,026,000 | 8,742,000 | 6,424,000 | 4,925,000 | 3,637,000 | 2,676,000 | 2,132,000 | 946,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 5,638,000 | 5,088,000 | 4,924,000 | 5,714,000 | 3,066,000 | 3,070,000 | 2,529,000 | -48,000 | 1,596,000 | 1,527,000 | 1,756,000 |
| Tax | -476,000 | -1,019,000 | -1,005,000 | -1,017,000 | -782,000 | -1,156,000 | -530,000 | -44,000 | -348,000 | -350,000 | -432,000 |
| Profit After Tax | 5,162,000 | 4,069,000 | 3,919,000 | 4,697,000 | 2,284,000 | 1,914,000 | 1,999,000 | -92,000 | 1,248,000 | 1,177,000 | 1,324,000 |
| Dividends Paid | 1,512,000 | 97,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,650,000 | 3,972,000 | 3,919,000 | 4,697,000 | 2,284,000 | 1,914,000 | 1,999,000 | -92,000 | 1,248,000 | 1,177,000 | 1,324,000 |
| Employee Costs | 8,303,000 | 7,877,000 | 6,450,000 | 5,645,000 | 7,681,000 | 6,839,000 | 5,980,000 | 5,005,000 | 3,979,000 | 3,133,000 | 2,063,000 |
| Number Of Employees | 158 | 157 | 128 | 119 | 143 | 169 | 156 | 142 | 102 | 80 | 57 |
| EBITDA* | 21,175,000 | 14,253,000 | 10,037,000 | 10,960,000 | 12,097,000 | 9,714,000 | 7,674,000 | 3,797,000 | 4,460,000 | 3,755,000 | 2,746,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 297,000 | 258,000 | 268,000 | 198,000 | 362,000 | 353,000 | 290,000 | 331,000 | 404,000 | 160,000 | 145,000 |
| Intangible Assets | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 193,862,000 | 166,528,000 | 120,430,000 | 96,495,000 | 95,990,000 | 95,706,000 | 73,918,000 | 54,417,000 | 38,801,000 | 28,044,000 | 18,952,000 |
| Total Fixed Assets | 194,160,000 | 166,787,000 | 120,698,000 | 96,694,000 | 96,353,000 | 96,060,000 | 74,208,000 | 54,748,000 | 39,205,000 | 28,204,000 | 19,097,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 17,353,000 | 16,633,000 | 8,312,000 | 7,059,000 | 18,564,000 | 9,619,000 | 9,412,000 | 7,979,000 | 6,533,000 | 4,526,000 | 5,143,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 455,000 | 538,000 | 189,000 | 1,566,000 | 214,000 | 184,000 | 0 | 0 | 0 | 0 | 0 |
| Cash | 9,031,000 | 8,801,000 | 956,000 | 3,375,000 | 3,838,000 | 2,756,000 | 1,810,000 | 2,495,000 | 2,513,000 | 2,029,000 | 1,129,000 |
| misc current assets | 259,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,098,000 | 25,972,000 | 9,457,000 | 12,000,000 | 22,616,000 | 12,559,000 | 11,222,000 | 10,474,000 | 9,046,000 | 6,555,000 | 6,272,000 |
| total assets | 221,258,000 | 192,759,000 | 130,155,000 | 108,694,000 | 118,969,000 | 108,619,000 | 85,430,000 | 65,222,000 | 48,251,000 | 34,759,000 | 25,369,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 168,000 | 279,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 340,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 324,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,676,000 | 9,493,000 | 3,930,000 | 3,931,000 | 2,960,000 | 3,584,000 | 2,928,000 | 1,984,000 | 2,272,000 | 1,310,000 | 1,417,000 |
| total current liabilities | 9,844,000 | 9,772,000 | 3,930,000 | 3,931,000 | 2,960,000 | 3,584,000 | 2,928,000 | 1,984,000 | 2,272,000 | 1,310,000 | 2,081,000 |
| loans | 188,027,000 | 162,531,000 | 110,612,000 | 92,312,000 | 108,227,000 | 99,555,000 | 78,933,000 | 61,351,000 | 43,985,000 | 32,639,000 | 21,964,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 191,000 | 166,000 | 39,000 | 23,000 | 51,000 | 33,000 | 36,000 | 58,000 | 73,000 | 23,000 | 0 |
| total long term liabilities | 188,218,000 | 162,697,000 | 110,651,000 | 92,335,000 | 108,278,000 | 99,588,000 | 78,969,000 | 61,409,000 | 44,058,000 | 32,662,000 | 21,964,000 |
| total liabilities | 198,062,000 | 172,469,000 | 114,581,000 | 96,266,000 | 111,238,000 | 103,172,000 | 81,897,000 | 63,393,000 | 46,330,000 | 33,972,000 | 24,045,000 |
| net assets | 23,196,000 | 20,290,000 | 15,574,000 | 12,428,000 | 7,731,000 | 5,447,000 | 3,533,000 | 1,829,000 | 1,921,000 | 787,000 | 1,324,000 |
| total shareholders funds | 23,196,000 | 20,290,000 | 15,574,000 | 12,428,000 | 7,731,000 | 5,447,000 | 3,533,000 | 1,829,000 | 1,921,000 | 787,000 | 1,324,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 21,009,000 | 14,085,000 | 9,883,000 | 10,740,000 | 11,808,000 | 9,494,000 | 7,454,000 | 3,589,000 | 4,272,000 | 3,659,000 | 2,702,000 |
| Depreciation | 166,000 | 168,000 | 154,000 | 220,000 | 289,000 | 220,000 | 220,000 | 208,000 | 188,000 | 96,000 | 44,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -476,000 | -1,019,000 | -1,005,000 | -1,017,000 | -782,000 | -1,156,000 | -530,000 | -44,000 | -348,000 | -350,000 | -432,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 27,971,000 | 54,768,000 | 23,811,000 | -9,648,000 | 114,768,000 | 22,179,000 | 20,934,000 | 17,062,000 | 12,764,000 | 8,475,000 | 24,095,000 |
| Creditors | -111,000 | 279,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -340,000 | 340,000 |
| Accruals and Deferred Income | 183,000 | 5,563,000 | -1,000 | 971,000 | 2,960,000 | 656,000 | 944,000 | -288,000 | 962,000 | -107,000 | 1,417,000 |
| Deferred Taxes & Provisions | 25,000 | 127,000 | 16,000 | -28,000 | 51,000 | -3,000 | -22,000 | -15,000 | 50,000 | 23,000 | 0 |
| Cash flow from operations | -7,175,000 | -35,565,000 | -14,764,000 | 20,534,000 | -100,442,000 | -12,968,000 | -12,868,000 | -13,612,000 | -7,640,000 | -5,494,000 | -20,024,000 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -282,000 | -179,000 | -134,000 | -428,000 | -111,000 | -62,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -282,000 | -179,000 | -134,000 | -428,000 | -111,000 | -62,000 |
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -324,000 | 324,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 25,496,000 | 51,919,000 | 18,300,000 | -15,915,000 | 108,227,000 | 20,622,000 | 17,582,000 | 17,366,000 | 11,346,000 | 10,675,000 | 21,964,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -15,371,000 | -8,997,000 | -4,959,000 | -5,026,000 | -8,742,000 | -6,424,000 | -4,925,000 | -3,637,000 | -2,676,000 | -2,132,000 | -946,000 |
| cash flow from financing | 9,381,000 | 43,666,000 | 12,568,000 | -20,941,000 | 104,932,000 | 14,198,000 | 12,362,000 | 13,729,000 | 8,556,000 | 6,505,000 | 21,342,000 |
| cash and cash equivalents | |||||||||||
| cash | 230,000 | 7,845,000 | -2,419,000 | -463,000 | 3,838,000 | 946,000 | -685,000 | -18,000 | 484,000 | 900,000 | 1,129,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 230,000 | 7,845,000 | -2,419,000 | -463,000 | 3,838,000 | 946,000 | -685,000 | -18,000 | 484,000 | 900,000 | 1,129,000 |
evolution money group limited Credit Report and Business Information
Evolution Money Group Limited Competitor Analysis
Perform a competitor analysis for evolution money group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in M 1 area or any other competitors across 12 key performance metrics.
evolution money group limited Ownership
EVOLUTION MONEY GROUP LIMITED group structure
Evolution Money Group Limited has 3 subsidiary companies.
Ultimate parent company
EVOLUTION MONEY GROUP LIMITED
08423025
3 subsidiaries
evolution money group limited directors
Evolution Money Group Limited currently has 5 directors. The longest serving directors include Mr Mathew Montgomery (Feb 2013) and Mr Stephen Brilus (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mathew Montgomery | England | 44 years | Feb 2013 | - | Director |
| Mr Stephen Brilus | England | 56 years | Feb 2013 | - | Director |
| Mrs Kerriann Pender | 45 years | Oct 2020 | - | Director | |
| Mr Benjamin Guvenc | England | 39 years | Oct 2020 | - | Director |
| Mr Steven Daly | England | 40 years | Mar 2024 | - | Director |
P&L
March 2024turnover
38.8m
+35%
operating profit
21m
+49%
gross margin
78.3%
+3.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
23.2m
+0.14%
total assets
221.3m
+0.15%
cash
9m
+0.03%
net assets
Total assets minus all liabilities
evolution money group limited company details
company number
08423025
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
February 2013
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
darwin loan solutions limited (February 2022)
accountant
-
auditor
DELOITTE LLP
address
9 portland street, manchester, M1 3BE
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
evolution money group limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 9 charges/mortgages relating to evolution money group limited. Currently there are 0 open charges and 9 have been satisfied in the past.
evolution money group limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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evolution money group limited Companies House Filings - See Documents
| date | description | view/download |
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