mortgages plc
mortgages plc Company Information
Company Number
03320975
Next Accounts
Jun 2025
Shareholders
bofaml jersey holdings limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
2 king edward street, london, EC1A 1HQ
Website
http://www.mortgagesplc.commortgages plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGES PLC at £873.8k based on a Turnover of £2.5m and 0.34x industry multiple (adjusted for size and gross margin).
mortgages plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGES PLC at £0 based on an EBITDA of £-1.1m and a 1.19x industry multiple (adjusted for size and gross margin).
mortgages plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGES PLC at £11.7m based on Net Assets of £9m and 1.31x industry multiple (adjusted for liquidity).
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Mortgages Plc Overview
Mortgages Plc is a live company located in london, EC1A 1HQ with a Companies House number of 03320975. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 1997, it's largest shareholder is bofaml jersey holdings limited with a 100% stake. Mortgages Plc is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Mortgages Plc Health Check
Pomanda's financial health check has awarded Mortgages Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£5.6m)
£2.5m - Mortgages Plc
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5%)
-14% - Mortgages Plc
5% - Industry AVG
Production
with a gross margin of -29.5%, this company has a higher cost of product (54.1%)
-29.5% - Mortgages Plc
54.1% - Industry AVG
Profitability
an operating margin of -42% make it less profitable than the average company (9.1%)
-42% - Mortgages Plc
9.1% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (14)
- Mortgages Plc
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Mortgages Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £211.8k, this is equally as efficient (£223.3k)
- Mortgages Plc
£223.3k - Industry AVG
Debtor Days
it gets paid by customers after 776 days, this is later than average (33 days)
776 days - Mortgages Plc
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgages Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgages Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (29 weeks)
52 weeks - Mortgages Plc
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.9%, this is a lower level of debt than the average (71.4%)
27.9% - Mortgages Plc
71.4% - Industry AVG
MORTGAGES PLC financials
Mortgages Plc's latest turnover from December 2023 is £2.5 million and the company has net assets of £9 million. According to their latest financial statements, we estimate that Mortgages Plc has 12 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,541,000 | 3,678,000 | 3,183,000 | 4,010,000 | 5,260,000 | 6,080,000 | 6,320,000 | 6,733,000 | 7,620,000 | 9,190,000 | 10,196,000 | 10,658,000 | 11,012,000 | 12,802,000 | 16,931,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,290,000 | 4,175,000 | 3,734,000 | 4,479,000 | 5,441,000 | 5,415,000 | 5,361,000 | 5,951,000 | 6,368,000 | 8,001,000 | |||||
| Gross Profit | -749,000 | -497,000 | -551,000 | -469,000 | -181,000 | 665,000 | 959,000 | 782,000 | 1,252,000 | 1,189,000 | |||||
| Admin Expenses | 319,000 | 813,000 | 489,000 | -764,000 | 9,903,000 | 1,759,000 | 752,000 | 39,000 | |||||||
| Operating Profit | -1,068,000 | -1,310,000 | -1,040,000 | 295,000 | -10,084,000 | -1,094,000 | 207,000 | 743,000 | 1,252,000 | 1,189,000 | 869,000 | -688,000 | -1,504,000 | -927,000 | 3,724,000 |
| Interest Payable | 128,000 | 84,000 | 11,000 | 27,000 | 37,000 | 28,000 | 25,000 | 1,000 | 1,000 | 3,000 | 8,000 | 8,000 | |||
| Interest Receivable | 25,000 | 215,000 | |||||||||||||
| Pre-Tax Profit | -1,196,000 | -1,394,000 | -1,051,000 | 268,000 | -10,121,000 | -1,122,000 | 182,000 | 743,000 | 1,251,000 | 702,000 | -1,618,000 | -696,000 | -1,512,000 | -902,000 | 3,939,000 |
| Tax | 299,000 | 349,000 | 2,814,000 | -44,000 | -2,369,000 | ||||||||||
| Profit After Tax | -897,000 | -1,045,000 | 1,763,000 | 224,000 | -10,121,000 | -1,122,000 | 182,000 | 743,000 | 1,251,000 | 702,000 | -1,618,000 | -696,000 | -1,512,000 | -902,000 | 1,570,000 |
| Dividends Paid | 20,841,000 | ||||||||||||||
| Retained Profit | -897,000 | -1,045,000 | 1,763,000 | 224,000 | -10,121,000 | -1,122,000 | 182,000 | 743,000 | 1,251,000 | 702,000 | -1,618,000 | -21,537,000 | -1,512,000 | -902,000 | 1,570,000 |
| Employee Costs | 409,000 | 1,570,000 | 1,898,000 | 2,565,000 | 3,064,000 | 3,474,000 | |||||||||
| Number Of Employees | 4 | 2 | 2 | 2 | 13 | 41 | 46 | 57 | 87 | 95 | |||||
| EBITDA* | -1,068,000 | -1,310,000 | -1,040,000 | 295,000 | -10,084,000 | -1,094,000 | 207,000 | 743,000 | 1,252,000 | 1,189,000 | 869,000 | -688,000 | -1,426,000 | -502,000 | 4,502,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 78,000 | 503,000 | |||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 480,000 | 480,000 | 480,000 | 480,000 | 480,000 | 480,000 | 480,000 | 480,000 | |||||||
| Debtors (Due After 1 year) | 3,697,000 | 3,370,000 | 3,065,000 | 278,000 | 266,000 | 267,000 | 296,000 | 312,000 | 334,000 | ||||||
| Total Fixed Assets | 4,177,000 | 3,850,000 | 3,545,000 | 758,000 | 746,000 | 747,000 | 776,000 | 792,000 | 334,000 | 78,000 | 503,000 | ||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,407,000 | 6,280,000 | 7,189,000 | 7,133,000 | 8,754,000 | 9,170,000 | 9,501,000 | 9,361,000 | 8,747,000 | 7,919,000 | 7,037,000 | 5,849,000 | 5,491,000 | 5,010,000 | 4,976,000 |
| Group Debtors | 84,000 | 418,000 | 228,000 | 21,000 | 30,000 | 19,000 | 114,000 | 21,000 | 31,000 | 273,000 | 85,933,000 | 95,410,000 | 85,725,000 | ||
| Misc Debtors | 33,000 | 36,000 | 71,000 | 287,000 | 477,000 | 90,000 | 21,000 | 168,000 | 22,000 | 310,000 | 244,000 | 230,000 | 514,000 | 675,000 | 263,000 |
| Cash | 2,724,000 | 3,276,000 | 3,229,000 | 8,370,000 | 767,000 | 834,000 | 34,000 | 39,000 | 1,080,000 | 1,166,000 | 1,672,000 | 1,501,000 | 457,000 | 3,122,000 | 2,452,000 |
| misc current assets | |||||||||||||||
| total current assets | 8,248,000 | 9,592,000 | 10,907,000 | 16,018,000 | 10,019,000 | 10,094,000 | 9,586,000 | 9,587,000 | 9,963,000 | 9,416,000 | 8,984,000 | 7,853,000 | 92,395,000 | 104,217,000 | 93,416,000 |
| total assets | 12,425,000 | 13,442,000 | 14,452,000 | 16,776,000 | 10,765,000 | 10,841,000 | 10,362,000 | 10,379,000 | 10,297,000 | 9,416,000 | 8,984,000 | 7,853,000 | 92,395,000 | 104,295,000 | 93,919,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 2,175,000 | 2,369,000 | 4,350,000 | 5,156,000 | 4,739,000 | 3,562,000 | 2,469,000 | 2,345,000 | 3,252,000 | 3,141,000 | 2,575,000 | 1,714,000 | 64,601,000 | 74,647,000 | 62,805,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 537,000 | 448,000 | 242,000 | 778,000 | 1,084,000 | 1,142,000 | 944,000 | 1,267,000 | 692,000 | 905,000 | 507,000 | 608,000 | 726,000 | 1,068,000 | 1,632,000 |
| total current liabilities | 2,712,000 | 2,817,000 | 4,592,000 | 5,934,000 | 5,823,000 | 4,704,000 | 3,413,000 | 3,612,000 | 3,944,000 | 4,046,000 | 3,082,000 | 2,322,000 | 65,327,000 | 75,715,000 | 64,437,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 752,000 | 767,000 | 2,857,000 | 5,602,000 | 8,926,000 | 329,000 | 755,000 | 1,989,000 | |||||||
| total long term liabilities | 752,000 | 767,000 | 2,857,000 | 5,602,000 | 8,926,000 | 329,000 | 755,000 | 1,989,000 | |||||||
| total liabilities | 3,464,000 | 3,584,000 | 7,449,000 | 11,536,000 | 14,749,000 | 4,704,000 | 3,413,000 | 3,612,000 | 4,273,000 | 4,801,000 | 5,071,000 | 2,322,000 | 65,327,000 | 75,715,000 | 64,437,000 |
| net assets | 8,961,000 | 9,858,000 | 7,003,000 | 5,240,000 | -3,984,000 | 6,137,000 | 6,949,000 | 6,767,000 | 6,024,000 | 4,615,000 | 3,913,000 | 5,531,000 | 27,068,000 | 28,580,000 | 29,482,000 |
| total shareholders funds | 8,961,000 | 9,858,000 | 7,003,000 | 5,240,000 | -3,984,000 | 6,137,000 | 6,949,000 | 6,767,000 | 6,024,000 | 4,615,000 | 3,913,000 | 5,531,000 | 27,068,000 | 28,580,000 | 29,482,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,068,000 | -1,310,000 | -1,040,000 | 295,000 | -10,084,000 | -1,094,000 | 207,000 | 743,000 | 1,252,000 | 1,189,000 | 869,000 | -688,000 | -1,504,000 | -927,000 | 3,724,000 |
| Depreciation | 78,000 | 425,000 | 778,000 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | 299,000 | 349,000 | 2,814,000 | -44,000 | -2,369,000 | ||||||||||
| Stock | |||||||||||||||
| Debtors | -465,000 | -1,057,000 | 2,817,000 | -1,592,000 | -9,000 | -321,000 | -12,000 | 643,000 | 967,000 | 938,000 | 960,000 | -85,586,000 | -9,157,000 | 10,131,000 | 90,964,000 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 89,000 | 206,000 | -536,000 | -306,000 | -58,000 | 198,000 | -323,000 | 575,000 | -213,000 | 398,000 | -101,000 | -118,000 | -342,000 | -564,000 | 1,632,000 |
| Deferred Taxes & Provisions | -15,000 | -2,090,000 | -2,745,000 | -3,324,000 | 8,926,000 | -329,000 | -426,000 | -1,234,000 | 1,989,000 | ||||||
| Cash flow from operations | -230,000 | -1,788,000 | -4,324,000 | -1,787,000 | -1,207,000 | -575,000 | -104,000 | 346,000 | -354,000 | -585,000 | 1,797,000 | 84,780,000 | 7,389,000 | -11,197,000 | -87,199,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 480,000 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -194,000 | -1,981,000 | -806,000 | 417,000 | 1,177,000 | 1,093,000 | 124,000 | -907,000 | 111,000 | 566,000 | 861,000 | -62,887,000 | -10,046,000 | 11,842,000 | 62,805,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -128,000 | -84,000 | -11,000 | -27,000 | -37,000 | -28,000 | -25,000 | -1,000 | -1,000 | -3,000 | -8,000 | -8,000 | 25,000 | 215,000 | |
| cash flow from financing | -322,000 | 1,835,000 | -817,000 | 9,390,000 | 1,140,000 | 1,375,000 | 99,000 | -907,000 | 268,000 | 565,000 | 858,000 | -62,895,000 | -10,054,000 | 11,867,000 | 90,932,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -552,000 | 47,000 | -5,141,000 | 7,603,000 | -67,000 | 800,000 | -5,000 | -1,041,000 | -86,000 | -506,000 | 171,000 | 1,044,000 | -2,665,000 | 670,000 | 2,452,000 |
| overdraft | |||||||||||||||
| change in cash | -552,000 | 47,000 | -5,141,000 | 7,603,000 | -67,000 | 800,000 | -5,000 | -1,041,000 | -86,000 | -506,000 | 171,000 | 1,044,000 | -2,665,000 | 670,000 | 2,452,000 |
mortgages plc Credit Report and Business Information
Mortgages Plc Competitor Analysis
Perform a competitor analysis for mortgages plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC1A area or any other competitors across 12 key performance metrics.
mortgages plc Ownership
MORTGAGES PLC group structure
Mortgages Plc has 8 subsidiary companies.
Ultimate parent company
BANK OF AMERICA CORP
#0010389
BOFAML JERSEY HOLDINGS LTD
#0050579
2 parents
MORTGAGES PLC
03320975
8 subsidiaries
mortgages plc directors
Mortgages Plc currently has 3 directors. The longest serving directors include Mr Matthias Baltes (Apr 2023) and Snigdha Singh (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthias Baltes | United Kingdom | 47 years | Apr 2023 | - | Director |
| Snigdha Singh | England | 46 years | Jul 2023 | - | Director |
| Dinesh Sadarangani | United Kingdom | 58 years | Nov 2023 | - | Director |
P&L
December 2023turnover
2.5m
-31%
operating profit
-1.1m
-18%
gross margin
-29.4%
+118.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9m
-0.09%
total assets
12.4m
-0.08%
cash
2.7m
-0.17%
net assets
Total assets minus all liabilities
mortgages plc company details
company number
03320975
Type
Public limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
2 king edward street, london, EC1A 1HQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mortgages plc 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 7 charges/mortgages relating to mortgages plc. Currently there are 0 open charges and 7 have been satisfied in the past.
mortgages plc 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.
Click to start generating capital raising & share issue transactions for MORTGAGES PLC. This can take several minutes, an email will notify you when this has completed.
mortgages plc Companies House Filings - See Documents
| date | description | view/download |
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