Mortgage Brain Limited

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mortgage brain limited Company Information

Live

MatureMidDeclining

Company Number

02085187

Next Accounts

Dec 2024

Industry

Business and domestic software development

Directors

Zahid Bilgrami

Alastair Brown

Shareholders

mortgage brain holdings ltd

Group Structure

View All

Contact

Registered Address

6 the courtyard, buntsford gate, buntsford drive, bromsgrove, worcestershire, B60 3DJ

Website

http://www.mortgagebrain.com

mortgage brain limited Estimated Valuation

£33.8m

Pomanda estimates the enterprise value of MORTGAGE BRAIN LIMITED at £33.8m based on Net Assets of £14.4m and 2.35x industry multiple (adjusted for liquidity).

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Mortgage Brain Limited is a live company located in bromsgrove, B60 3DJ with a Companies House number of 02085187. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 1986, it's largest shareholder is mortgage brain holdings ltd with a 100% stake. Mortgage Brain Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Mortgage Brain Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

0 Regular

4 Weak

Size

annual sales of £8.8m, make it larger than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.3%)

EXPORT

Mortgage Brain Limited's latest turnover from March 2023 is £8.8 million and the company has net assets of £14.4 million. According to their latest financial statements, Mortgage Brain Limited has 103 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	8,752,327	9,150,116	8,050,955	9,459,744	9,734,295	9,787,917	8,653,332	7,165,557	5,589,827	4,402,976	3,879,849	3,635,545	3,235,774	2,881,745
Other Income Or Grants	83,256	104,466	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	2,221,075	247,440	306,314	332,760	305,348	302,270	263,802	210,318	197,536	32,580	40,875	42,355
Gross Profit	8,835,583	9,254,582	5,829,880	9,212,304	9,427,981	9,455,157	8,347,984	6,863,287	5,326,025	4,192,658	3,682,313	3,602,965	3,194,899	2,839,390
Admin Expenses	11,788,884	9,242,322	5,877,143	8,513,516	6,932,991	7,679,297	8,217,283	4,485,071	3,738,142	3,760,214	3,699,686	3,550,436	3,921,719	3,425,152
Operating Profit	-2,953,301	12,260	-47,263	698,788	2,494,990	1,775,860	130,701	2,378,216	1,587,883	432,444	-17,373	52,529	-726,820	-585,762
Interest Payable	142,625	68,950	56,855	34,138	33,923	48,081	11,229	11,628	8,411	82,717	66,995	133,880	17,252	13,963
Interest Receivable	1,724	5	34	6,874	11,514	23,767	12,553	22,188	19,909	14,060	9,756	9,899	4,911	3,367
Pre-Tax Profit	-3,094,202	-56,685	-104,084	671,524	2,472,581	1,751,546	132,025	2,388,776	1,375,982	91,426	-366,973	-71,452	-734,250	-596,358
Tax	1,229,513	974,136	-130,106	-142,958	-197,071	-32,478	152,071	-134,617	-162,023	96,066	69,630	88,714	61,847	31,144
Profit After Tax	-1,864,689	917,451	-234,190	528,566	2,275,510	1,719,068	284,096	2,254,159	1,213,959	187,492	-297,343	17,262	-672,403	-565,214
Dividends Paid	0	0	0	600,000	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,864,689	917,451	-234,190	-71,434	2,275,510	1,719,068	284,096	2,254,159	1,213,959	187,492	-297,343	17,262	-672,403	-565,214
Employee Costs	8,220,635	7,611,810	6,134,162	7,168,326	5,893,849	6,434,514	7,166,518	3,896,594	3,271,812	3,302,013	2,928,306	2,829,248	2,774,691	2,583,708
Number Of Employees	103	102	115	114	104	104	100	97	91	86	89	87	89	88
EBITDA*	-2,841,057	111,969	66,579	846,008	2,656,382	1,886,419	216,851	2,443,859	1,651,975	478,421	24,984	146,407	-614,055	-380,615

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	4,165,812	4,223,965	4,242,602	4,284,379	4,357,331	4,378,665	3,547,924	2,245,843	1,897,537	1,832,693	1,793,800	1,800,482	1,805,502	1,806,079
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	56,759	126,720
Investments & Other	148,674	0	0	0	0	0	0	0	45	765,283	1,037,644	1,380,005	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,314,486	4,223,965	4,242,602	4,284,379	4,357,331	4,378,665	3,547,924	2,245,843	1,897,582	2,597,976	2,831,444	3,180,487	1,862,263	1,932,801
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	965,780	1,141,962	743,591	1,647,897	809,033	1,763,254	1,377,869	470,077	372,672	814,799	687,201	376,237	251,989	246,795
Group Debtors	12,861,731	18,439,043	18,088,436	14,803,669	13,015,837	8,584,752	6,732,933	3,191,629	1,067,624	13,486	13,185	12,885	12,610	510
Misc Debtors	1,880,345	1,328,830	409,712	467,058	771,885	798,269	854,207	334,008	395,762	475,777	369,249	313,364	250,631	138,091
Cash	3,368,111	4,620,336	6,433,042	4,572,794	4,299,141	5,263,084	4,290,087	6,630,309	5,254,442	4,432,612	2,829,051	2,043,057	2,882,160	2,800,817
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	19,075,967	25,530,171	25,674,781	21,491,418	18,895,896	16,409,359	13,255,096	10,626,023	7,090,500	5,736,674	3,898,686	2,745,543	3,397,390	3,186,213
total assets	23,390,453	29,754,136	29,917,383	25,775,797	23,253,227	20,788,024	16,803,020	12,871,866	8,988,082	8,334,650	6,730,130	5,926,030	5,259,653	5,119,014
Bank overdraft	0	0	465,877	161,022	156,247	195,691	206,424	202,019	0	0	0	0	0	0
Bank loan	768,992	767,727	0	0	0	0	0	0	167,477	164,165	160,872	157,695	162,964	154,049
Trade Creditors	249,132	340,702	97,973	231,163	237,427	114,792	64,955	112,251	65,305	33,488	69,133	84,798	123,090	65,561
Group/Directors Accounts	2,584,688	4,588,280	4,679,193	4,041,193	1,953,193	1,893,600	2,138,015	189,600	3,100	6,315,924	5,458,312	5,011,744	4,716,277	4,334,922
other short term finances	0	0	0	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	0	0	0
other current liabilities	3,279,747	3,008,213	3,819,439	2,779,345	2,473,611	2,862,580	2,969,021	3,368,602	2,609,917	3,135,991	1,822,901	1,490,870	1,321,701	1,026,420
total current liabilities	6,882,559	8,704,922	9,062,482	7,212,723	4,820,478	5,066,663	5,378,415	3,872,472	2,845,799	9,649,568	7,511,218	6,745,107	6,324,032	5,580,952
loans	2,061,697	2,823,899	3,548,653	1,013,143	1,176,069	1,331,146	307,732	514,476	389,223	556,662	720,731	881,636	1,035,844	1,205,285
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	56,195	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	741,007	1,193,012	653,509	447,386	176,781
provisions	20,202	20,505	18,889	18,889	25,942	34,345	33,351	0	0	101,486	206,734	250,000	73,875	105,077
total long term liabilities	2,138,094	2,844,404	3,567,542	1,032,032	1,202,011	1,365,491	341,083	514,476	389,223	1,399,155	2,120,477	1,785,145	1,557,105	1,487,143
total liabilities	9,020,653	11,549,326	12,630,024	8,244,755	6,022,489	6,432,154	5,719,498	4,386,948	3,235,022	11,048,723	9,631,695	8,530,252	7,881,137	7,068,095
net assets	14,369,800	18,204,810	17,287,359	17,531,042	17,230,738	14,355,870	11,083,522	8,484,918	5,753,060	-2,714,073	-2,901,565	-2,604,222	-2,621,484	-1,949,081
total shareholders funds	14,369,800	18,204,810	17,287,359	17,531,042	17,230,738	14,355,870	11,083,522	8,484,918	5,753,060	-2,714,073	-2,901,565	-2,604,222	-2,621,484	-1,949,081

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-2,953,301	12,260	-47,263	698,788	2,494,990	1,775,860	130,701	2,378,216	1,587,883	432,444	-17,373	52,529	-726,820	-585,762
Depreciation	112,244	99,709	113,842	147,220	161,392	110,559	86,150	65,643	64,092	45,977	42,357	47,277	62,606	65,806
Amortisation	0	0	0	0	0	0	0	0	0	0	0	46,601	50,159	139,341
Tax	1,229,513	974,136	-130,106	-142,958	-197,071	-32,478	152,071	-134,617	-162,023	96,066	69,630	88,714	61,847	31,144
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-5,201,979	1,668,096	2,323,115	2,321,869	3,450,480	2,181,266	4,969,295	2,159,656	531,996	234,427	367,149	187,256	129,834	385,396
Creditors	-91,570	242,729	-133,190	-6,264	122,635	49,837	-47,296	46,946	31,817	-35,645	-15,665	-38,292	57,529	65,561
Accruals and Deferred Income	327,729	-811,226	1,040,094	305,734	-388,969	-106,441	-399,581	758,685	-526,074	1,313,090	332,031	169,169	295,281	1,026,420
Deferred Taxes & Provisions	-303	1,616	0	-7,053	-8,403	994	33,351	0	-101,486	-105,248	-43,266	176,125	-31,202	105,077
Cash flow from operations	3,826,291	-1,148,872	-1,479,738	-1,326,402	-1,265,906	-382,935	-5,013,899	955,217	362,213	1,512,257	565	354,867	-360,434	462,191
Investing Activities
capital expenditure	-54,091	-81,072	-72,065	-74,268	-140,058	-941,300	-1,388,231	-413,949	-128,936	-84,870	-35,675	-32,099	-42,227	-2,137,946
Change in Investments	148,674	0	0	0	0	0	0	-45	-765,238	-272,361	-342,361	1,380,003	0	2
cash flow from investments	-202,765	-81,072	-72,065	-74,268	-140,058	-941,300	-1,388,231	-413,904	636,302	187,491	306,686	-1,412,102	-42,227	-2,137,948
Financing Activities
Bank loans	1,265	767,727	0	0	0	0	0	-167,477	3,312	3,293	3,177	-5,269	8,915	154,049
Group/Directors Accounts	-2,003,592	-90,913	638,000	2,088,000	59,593	-244,415	1,948,415	186,500	-6,312,824	857,612	446,568	295,467	381,355	4,334,922
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-762,202	-724,754	2,535,510	-162,926	-155,077	1,023,414	-206,744	125,253	-167,439	-164,069	-160,905	-154,208	-169,441	1,205,285
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-741,007	-452,005	539,503	206,123	270,605	176,781
share issue	-1,970,321	0	-9,493	371,738	599,358	1,553,280	2,314,508	477,699	7,253,174	0	0	0	0	-1,383,867
interest	-140,901	-68,945	-56,821	-27,264	-22,409	-24,314	1,324	10,560	11,498	-68,657	-57,239	-123,981	-12,341	-10,596
cash flow from financing	-4,875,751	-116,885	3,107,196	2,269,548	481,465	2,307,965	4,057,503	632,535	46,714	176,174	771,104	218,132	479,093	4,476,574
cash and cash equivalents
cash	-1,252,225	-1,812,706	1,860,248	273,653	-963,943	972,997	-2,340,222	1,375,867	821,830	1,603,561	785,994	-839,103	81,343	2,800,817
overdraft	0	-465,877	304,855	4,775	-39,444	-10,733	4,405	202,019	0	0	0	0	0	0
change in cash	-1,252,225	-1,346,829	1,555,393	268,878	-924,499	983,730	-2,344,627	1,173,848	821,830	1,603,561	785,994	-839,103	81,343	2,800,817

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORTGAGE BRAIN LIMITED group structure

Mortgage Brain Limited has 2 subsidiary companies.

Ultimate parent company

MORTGAGE BRAIN HOLDINGS LIMITED

03887371

1 parent

MORTGAGE BRAIN LIMITED

02085187

2 subsidiaries

MORTGAGESTREAM LIMITED

04551614

THE MORTGAGE TRADING EXCHANGE LIMITED

03340621

MORTGAGE BRAIN LIMITED Shareholders

mortgage brain holdings ltd

100%

Mortgage Brain Limited currently has 2 directors. The longest serving directors include Mr Zahid Bilgrami (Apr 2021) and Mr Alastair Brown (Feb 2022).

officer	country	age	start	end	role
Mr Zahid Bilgrami		53 years	Apr 2021	-	Director
Mr Alastair Brown	United Kingdom	50 years	Feb 2022	-	Director

P&L

March 2023

turnover

8.8m

-4%

operating profit

-3m

-24189%

gross margin

101%

-0.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

14.4m

-0.21%

total assets

23.4m

-0.21%

cash

3.4m

-0.27%

net assets

Total assets minus all liabilities

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company number

02085187

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

December 1986

ultimate parent company

MORTGAGE BRAIN HOLDINGS LIMITED

previous names

N/A

address

6 the courtyard, buntsford gate, buntsford drive, bromsgrove, worcestershire, B60 3DJ

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 8 charges/mortgages relating to mortgage brain limited. Currently there are 3 open charges and 5 have been satisfied in the past.

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mortgage brain limited Company Information

mortgage brain limited Estimated Valuation

mortgage brain limited Estimated Valuation

mortgage brain limited Estimated Valuation

Mortgage Brain Limited Overview

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MORTGAGE BRAIN LIMITED financials

mortgage brain limited Credit Report and Business Information

Mortgage Brain Limited Competitor Analysis

mortgage brain limited Ownership

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mortgage brain limited Capital Raised & Share Issues BETA

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