Evolution Money, a secured loans provider based in Manchester, has been featured on the Sunday Times Virgin Fast Track 100 league table for the second year in a row.
Published every December, the research highlights those British companies who have achieved the fastest-growing sales within the last three years. Featured for a second time, Evolution Money successfully claimed the 82nd spot as their annual sales increased by more than 52% throughout this period.
Lynne Hardwick – Head of Marketing at Evolution Money – was delighted by the news:
“This is a fantastic achievement and we are extremely proud of all our staff and their continuing efforts. We clearly couldn’t do it without their hard work and support.
“When you consider how many thousands of private businesses there are, appearing anywhere in the top 100 is very special. We are delighted to appear once again in the Sunday Times Virgin FastTrack100.”
The league table is compiled by Fast Track and published in the Sunday Times every year. To qualify, firms must meet a variety of conditions. For example, they must be registered in the UK and have variable sales growth throughout the three-year-period. Of those included in the list, two others were from Manchester – Missguided and CarFinance 247.
Based on Portland Street, Evolution Money is part of Darwin Loan Solutions, and alongside its sister company Progressive Money, employs more than 140 staff members. The firm hopes to continue growing and make it third time in a row during 2018. In the meantime, Evolution Money is planning to celebrate this achievement at their Christmas party.
Representative 22.93% APRC variable.
For a typical loan of £26,600 over 180 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £484.00. This includes a Product Fee of £2,660.00 (10% of the loan amount) and a Lending Fee* of £763.00, bringing the total repayable amount to £87,030.00. Annual Interest Rates range between 11.7% to 46.5% (variable). Maximum 50.00% APRC. *Lending Fee varies by country: England & Wales £763, Scotland £1,051, Northern Ireland: £1,736.
Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
