the mortgage trading exchange limited
the mortgage trading exchange limited Company Information
Company Number
03340621
Next Accounts
Dec 2024
Industry
Business and domestic software development
Shareholders
mortgage brain ltd
Group Structure
View All
Contact
Registered Address
6 the courtyard, buntsford drive, bromsgrove, worcestershire, B60 3DJ
Website
http://mortgage-brain.co.ukthe mortgage trading exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE MORTGAGE TRADING EXCHANGE LIMITED at £175.2k based on a Turnover of £172.3k and 1.02x industry multiple (adjusted for size and gross margin).
the mortgage trading exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE MORTGAGE TRADING EXCHANGE LIMITED at £555.8k based on an EBITDA of £88.8k and a 6.26x industry multiple (adjusted for size and gross margin).
the mortgage trading exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE MORTGAGE TRADING EXCHANGE LIMITED at £0 based on Net Assets of £-613.3k and 2.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Mortgage Trading Exchange Limited Overview
The Mortgage Trading Exchange Limited is a live company located in bromsgrove, B60 3DJ with a Companies House number of 03340621. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 1997, it's largest shareholder is mortgage brain ltd with a 100% stake. The Mortgage Trading Exchange Limited is a mature, micro sized company, Pomanda has estimated its turnover at £172.3k with declining growth in recent years.
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The Mortgage Trading Exchange Limited Health Check
Pomanda's financial health check has awarded The Mortgage Trading Exchange Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
6 Weak
Size
annual sales of £172.3k, make it smaller than the average company (£3.2m)
£172.3k - The Mortgage Trading Exchange Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (8.3%)
-44% - The Mortgage Trading Exchange Limited
8.3% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (72%)
100% - The Mortgage Trading Exchange Limited
72% - Industry AVG
Profitability
an operating margin of 51.5% make it more profitable than the average company (3.7%)
51.5% - The Mortgage Trading Exchange Limited
3.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (28)
- The Mortgage Trading Exchange Limited
28 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- The Mortgage Trading Exchange Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £86.1k, this is less efficient (£109.7k)
- The Mortgage Trading Exchange Limited
£109.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Mortgage Trading Exchange Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Mortgage Trading Exchange Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Mortgage Trading Exchange Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - The Mortgage Trading Exchange Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6163.4%, this is a higher level of debt than the average (61%)
6163.4% - The Mortgage Trading Exchange Limited
61% - Industry AVG
THE MORTGAGE TRADING EXCHANGE LIMITED financials
The Mortgage Trading Exchange Limited's latest turnover from March 2023 is £172.3 thousand and the company has net assets of -£613.3 thousand. According to their latest financial statements, we estimate that The Mortgage Trading Exchange Limited has 2 employees and maintains cash reserves of £287 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 | 172,253 | 336,965 | 547,740 | 956,908 | 1,297,503 | 1,814,879 | 2,516,833 | 2,656,007 | 2,663,223 | 2,769,212 | 2,250,214 | 2,398,486 | 2,601,103 | 2,747,216 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 0 | 0 | 1,220 | 2,012 | 2,365 | 80,342 | 64,613 | 41,396 | 70,787 | 47,126 | 47,475 | 50,216 | |
| Gross Profit | 172,253 | 336,965 | 956,908 | 1,296,283 | 1,812,867 | 2,514,468 | 2,575,665 | 2,598,610 | 2,727,816 | 2,179,427 | 2,351,360 | 2,553,628 | 2,697,000 | |
| Admin Expenses | 83,471 | 77,531 | 993,274 | 1,942,524 | 2,275,968 | 2,653,257 | 3,217,948 | 2,687,609 | 2,639,812 | 2,503,715 | 2,482,272 | 2,620,932 | 2,095,917 | |
| Operating Profit | 88,782 | 259,434 | 87,200 | -36,366 | -646,241 | -463,101 | -138,789 | -642,283 | -88,999 | 88,004 | -324,288 | -130,912 | -67,304 | 601,083 |
| Interest Payable | 0 | 0 | 7,746 | 3,376 | 10,712 | 15,184 | 3,546 | 6,261 | 4,529 | 44,539 | 36,074 | 72,089 | 6,645 | 7,518 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 271 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 88,782 | 259,434 | 79,454 | -39,742 | -656,953 | -478,285 | -142,064 | -648,544 | -93,528 | 43,465 | -360,362 | -203,001 | -73,949 | 593,565 |
| Tax | 9,541 | 271 | -37,774 | -43,551 | -62,788 | -8,555 | 114,963 | -72,486 | -45,679 | 10,652 | 37,493 | 41,521 | 33,572 | 16,769 |
| Profit After Tax | 98,323 | 259,705 | 41,680 | -83,293 | -719,741 | -486,840 | -27,101 | -721,030 | -139,207 | 54,117 | -322,869 | -161,480 | -40,377 | 610,334 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 98,323 | 259,705 | 41,680 | -83,293 | -719,741 | -486,840 | -27,101 | -721,030 | -139,207 | 54,117 | -322,869 | -161,480 | -40,377 | 610,334 |
| Employee Costs | 0 | 0 | 429,458 | 845,668 | 1,628,873 | 1,886,035 | 2,310,409 | 2,225,341 | 2,378,293 | 2,123,307 | 2,008,631 | |||
| Number Of Employees | 115 | 114 | 104 | 104 | 100 | |||||||||
| EBITDA* | 88,782 | 259,434 | 87,200 | -36,366 | -646,241 | -463,101 | -138,789 | -642,283 | -88,999 | 88,004 | -324,288 | -130,912 | -67,304 | 601,083 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 338,350 | 428,291 | 121,648 | 474,418 | 530,181 | 306,399 | 322,586 | 299,379 | 148,024 |
| Misc Debtors | 9,827 | 286 | 37,738 | 38,252 | 81,803 | 144,399 | 152,860 | 88,323 | 151,267 | 213,946 | 145,218 | 109,804 | 73,619 | 81,657 |
| Cash | 287 | 503 | 718 | 851 | 982 | 95 | 797 | 122 | 167 | 179 | 185 | 160 | 140 | 30 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,114 | 789 | 38,456 | 39,103 | 82,785 | 482,844 | 581,948 | 210,093 | 625,852 | 744,306 | 451,802 | 432,550 | 373,138 | 229,711 |
| total assets | 10,114 | 789 | 38,456 | 39,103 | 82,785 | 482,844 | 581,948 | 210,093 | 625,852 | 744,306 | 451,802 | 432,550 | 373,138 | 229,711 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 620,489 | 677,687 | 888,646 | 628,748 | 408,460 | 46,303 | 7,411 | 7,911 | 7,411 | 7,411 | 7,411 | 7,411 | 7,411 | 7,410 |
| 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 | 2,880 | 34,680 | 121,093 | 423,318 | 711,918 | 928,401 | 1,030,509 | 1,505,009 | 1,457,460 | 2,123,529 | 1,641,753 | 1,590,134 | 1,480,230 | 1,442,138 |
| total current liabilities | 623,369 | 712,367 | 1,009,739 | 1,052,066 | 1,120,378 | 974,704 | 1,037,920 | 1,512,920 | 1,464,871 | 2,130,940 | 1,649,164 | 1,597,545 | 1,487,641 | 1,449,548 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 399,002 | 642,391 | 351,889 | 240,901 | 95,190 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 399,002 | 642,391 | 351,889 | 240,901 | 95,190 |
| total liabilities | 623,369 | 712,367 | 1,009,739 | 1,052,066 | 1,120,378 | 974,704 | 1,037,920 | 1,512,920 | 1,464,871 | 2,529,942 | 2,291,555 | 1,949,434 | 1,728,542 | 1,544,738 |
| net assets | -613,255 | -711,578 | -971,283 | -1,012,963 | -1,037,593 | -491,860 | -455,972 | -1,302,827 | -839,019 | -1,785,636 | -1,839,753 | -1,516,884 | -1,355,404 | -1,315,027 |
| total shareholders funds | -613,255 | -711,578 | -971,283 | -1,012,963 | -1,037,593 | -491,860 | -455,972 | -1,302,827 | -839,019 | -1,785,636 | -1,839,753 | -1,516,884 | -1,355,404 | -1,315,027 |
| 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 | 88,782 | 259,434 | 87,200 | -36,366 | -646,241 | -463,101 | -138,789 | -642,283 | -88,999 | 88,004 | -324,288 | -130,912 | -67,304 | 601,083 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 9,541 | 271 | -37,774 | -43,551 | -62,788 | -8,555 | 114,963 | -72,486 | -45,679 | 10,652 | 37,493 | 41,521 | 33,572 | 16,769 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 9,541 | -37,452 | -514 | -43,551 | -400,946 | -98,402 | 371,180 | -415,714 | -118,442 | 292,510 | 19,227 | 59,392 | 143,317 | 229,681 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -31,800 | -86,413 | -302,225 | -288,600 | -216,483 | -102,108 | -474,500 | 47,549 | -666,069 | 481,776 | 51,619 | 109,904 | 38,092 | 1,442,138 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 56,982 | 210,744 | -252,285 | -324,966 | -524,566 | -475,362 | -869,506 | -251,506 | -682,305 | 287,922 | -254,403 | -38,879 | -138,957 | 1,830,309 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -57,198 | -210,959 | 259,898 | 220,288 | 362,157 | 38,892 | -500 | 500 | 0 | 0 | 0 | 0 | 1 | 7,410 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -399,002 | -243,389 | 290,502 | 110,988 | 145,711 | 95,190 |
| share issue | ||||||||||||||
| interest | 0 | 0 | -7,746 | -3,376 | -10,712 | -15,184 | -3,275 | -6,261 | -4,529 | -44,539 | -36,074 | -72,089 | -6,645 | -7,518 |
| cash flow from financing | -57,198 | -210,959 | 252,152 | 324,835 | 525,453 | 474,660 | 870,181 | 251,461 | 682,293 | -287,928 | 254,428 | 38,899 | 139,067 | -1,830,279 |
| cash and cash equivalents | ||||||||||||||
| cash | -216 | -215 | -133 | -131 | 887 | -702 | 675 | -45 | -12 | -6 | 25 | 20 | 110 | 30 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -216 | -215 | -133 | -131 | 887 | -702 | 675 | -45 | -12 | -6 | 25 | 20 | 110 | 30 |
the mortgage trading exchange limited Credit Report and Business Information
The Mortgage Trading Exchange Limited Competitor Analysis
Perform a competitor analysis for the mortgage trading exchange limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in B60 area or any other competitors across 12 key performance metrics.
the mortgage trading exchange limited Ownership
THE MORTGAGE TRADING EXCHANGE LIMITED group structure
The Mortgage Trading Exchange Limited has no subsidiary companies.
Ultimate parent company
2 parents
THE MORTGAGE TRADING EXCHANGE LIMITED
03340621
the mortgage trading exchange limited directors
The Mortgage Trading Exchange 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 2023turnover
172.3k
-49%
operating profit
88.8k
-66%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-613.3k
-0.14%
total assets
10.1k
+11.82%
cash
287
-0.43%
net assets
Total assets minus all liabilities
the mortgage trading exchange limited company details
company number
03340621
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
March 1997
age
27
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
COVENEY NICHOLLS PARTNERSHIP LLP
address
6 the courtyard, buntsford drive, bromsgrove, worcestershire, B60 3DJ
Bank
-
Legal Advisor
-
the mortgage trading exchange 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 2 charges/mortgages relating to the mortgage trading exchange limited. Currently there are 1 open charges and 1 have been satisfied in the past.
the mortgage trading exchange 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.
Click to start generating capital raising & share issue transactions for THE MORTGAGE TRADING EXCHANGE LIMITED. This can take several minutes, an email will notify you when this has completed.
the mortgage trading exchange limited Companies House Filings - See Documents
| date | description | view/download |
|---|
