Next Step Mortgages Limited

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next step mortgages limited Company Information

Company Number

03745589

Next Accounts

Jan 2026

Directors

Sanjeeve Gupta

Shareholders

mrs theodora gupta

mr sanjeeve kumar gupta

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Group Structure

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Industry

Activities of mortgage finance companies

Registered Address

4th floor 4 tabernacle street, london, EC2A 4LU

Website

https://nextsteps-mortgages.co.uk

next step mortgages limited Estimated Valuation

£9.3m

Pomanda estimates the enterprise value of NEXT STEP MORTGAGES LIMITED at £9.3m based on Net Assets of £2.9m and 3.23x industry multiple (adjusted for liquidity).

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Next Step Mortgages Limited is a live company located in london, EC2A 4LU with a Companies House number of 03745589. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in April 1999, it's largest shareholder is mrs theodora gupta with a 45% stake. Next Step Mortgages Limited is a mature, small sized company, Pomanda has estimated its turnover at £922.3k with high growth in recent years.

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Pomanda's financial health check has awarded Next Step Mortgages Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £922.3k, make it smaller than the average company (£6m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (11.3%)

EXPORT

Next Step Mortgages Limited's latest turnover from April 2024 is estimated at £922.3 thousand and the company has net assets of £2.9 million. According to their latest financial statements, Next Step Mortgages Limited has 5 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	922,297	788,318	542,619	547,972	750,609	329,362	455,389	830,493	995,280	476,502	60,698	38,139	45,909	109,480	121,021
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	633,209	501,796	302,623	372,149	406,585	148,935	196,342	267,689	362,191	167,949	19,094	11,756	15,582	27,659	43,537
Gross Profit	289,088	286,522	239,996	175,823	344,024	180,427	259,047	562,804	633,089	308,553	41,604	26,383	30,327	81,822	77,484
Admin Expenses	-90,999	5,651	-266,834	-305,107	-13,895	-92,409	-21,588	396,454	404,560	302,034	14,398	-30,606	65,704	86,188	-415,991
Operating Profit	380,087	280,871	506,830	480,930	357,919	272,836	280,635	166,350	228,529	6,519	27,206	56,989	-35,377	-4,366	493,475
Interest Payable	2,990	3,737	3,083	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	82,416	72,881	8,284	509	919	6,391	2,446	1,607	3,205	1,196	635	812	1,025	1,377	770
Pre-Tax Profit	459,512	350,016	512,031	479,914	358,838	279,227	283,081	167,957	231,734	7,715	27,841	57,801	-34,352	-2,989	494,244
Tax	-114,878	-87,504	-97,286	-91,184	-68,179	-53,053	-53,785	-31,912	-46,347	-1,543	-5,847	-13,294	0	0	-138,388
Profit After Tax	344,634	262,512	414,745	388,730	290,659	226,174	229,296	136,045	185,387	6,172	21,994	44,507	-34,352	-2,989	355,856
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	344,634	262,512	414,745	388,730	290,659	226,174	229,296	136,045	185,387	6,172	21,994	44,507	-34,352	-2,989	355,856
Employee Costs	268,702	296,625	219,984	165,737	315,000	184,207	194,286	208,115	192,835	83,579	40,844	45,514	40,313	35,008	43,386
Number Of Employees	5	6	4	4	6	4	4	4	4	2	1	1	1	1	1
EBITDA*	380,140	281,129	508,701	485,214	362,537	276,514	281,965	166,652	229,699	6,824	27,614	57,739	-34,584	-3,307	494,975

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	53	311	2,023	5,692	5,471	1,750	1,463	1,366	916	1,221	1,629	2,379	3,172	4,231
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	53	311	2,023	5,692	5,471	1,750	1,463	1,366	916	1,221	1,629	2,379	3,172	4,231
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	70	0	0	0	305,858	309,514	208,536	153,519	171,219	151,350
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,343,169	2,897,047	2,894,105	3,238,746	1,813,393	1,114,876	1,394,845	1,407,526	67,302	0	0	0	0	0	0
Cash	1,628,148	1,511,494	1,918,212	290,886	726,471	1,111,214	593,036	385,472	900,194	381,646	96,605	157,398	167,407	242,785	307,826
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,971,317	4,408,541	4,812,317	3,529,632	2,539,864	2,226,160	1,987,881	1,792,998	967,496	687,504	406,119	365,934	320,926	414,004	459,176
total assets	4,971,317	4,408,594	4,812,628	3,531,655	2,545,556	2,231,631	1,989,631	1,794,461	968,862	688,420	407,340	367,563	323,305	417,176	463,407
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	9,454	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	827	827	812	1,169	1,175	1,214	9,350	0	0	296,732	22,322	4,539	4,788	64,307	107,549
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	2,079,024	1,850,964	2,507,748	1,632,507	1,085,132	1,061,827	1,037,865	1,081,341	391,787	0	0	0	0	0	0
total current liabilities	2,089,851	1,861,791	2,518,014	1,633,676	1,086,307	1,063,041	1,047,215	1,081,341	391,787	296,732	22,322	4,539	4,788	64,307	107,549
loans	11,596	21,567	31,890	50,000	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	0
Accruals and Deferred Income	0	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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	11,596	21,567	31,890	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,101,447	1,883,358	2,549,904	1,683,676	1,086,307	1,063,041	1,047,215	1,081,341	391,787	296,732	22,322	4,539	4,788	64,307	107,549
net assets	2,869,870	2,525,236	2,262,724	1,847,979	1,459,249	1,168,590	942,416	713,120	577,075	391,688	385,018	363,024	318,517	352,869	355,858
total shareholders funds	2,869,870	2,525,236	2,262,724	1,847,979	1,459,249	1,168,590	942,416	713,120	577,075	391,688	385,018	363,024	318,517	352,869	355,858

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	380,087	280,871	506,830	480,930	357,919	272,836	280,635	166,350	228,529	6,519	27,206	56,989	-35,377	-4,366	493,475
Depreciation	53	258	1,871	4,284	4,618	3,678	1,330	302	1,170	305	408	750	793	1,059	1,500
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-114,878	-87,504	-97,286	-91,184	-68,179	-53,053	-53,785	-31,912	-46,347	-1,543	-5,847	-13,294	0	0	-138,388
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	446,122	2,942	-344,641	1,425,353	698,447	-279,899	-12,681	1,340,224	-238,556	-3,656	100,978	55,017	-17,700	19,869	151,350
Creditors	0	15	-357	-6	-39	-8,136	9,350	0	-296,732	274,410	17,783	-249	-59,519	-43,242	107,549
Accruals and Deferred Income	228,060	-656,784	875,241	547,375	23,305	23,962	-43,476	689,554	391,787	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	47,200	-466,086	1,630,940	-483,954	-380,823	519,186	206,735	-515,930	516,963	283,347	-61,428	-10,821	-76,403	-66,418	312,786
Investing Activities
capital expenditure	0	0	-159	-615	-4,839	-7,399	-1,617	-399	-1,620	0	0	0	0	0	-5,731
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-159	-615	-4,839	-7,399	-1,617	-399	-1,620	0	0	0	0	0	-5,731
Financing Activities
Bank loans	0	546	9,454	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,971	-10,323	-18,110	50,000	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	498	0	0	0	0	2
interest	79,426	69,144	5,201	-1,016	919	6,391	2,446	1,607	3,205	1,196	635	812	1,025	1,377	770
cash flow from financing	69,455	59,367	-3,455	48,984	919	6,391	2,446	1,607	3,205	1,694	635	812	1,025	1,377	772
cash and cash equivalents
cash	116,654	-406,718	1,627,326	-435,585	-384,743	518,178	207,564	-514,722	518,548	285,041	-60,793	-10,009	-75,378	-65,041	307,826
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	116,654	-406,718	1,627,326	-435,585	-384,743	518,178	207,564	-514,722	518,548	285,041	-60,793	-10,009	-75,378	-65,041	307,826

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEXT STEP MORTGAGES LIMITED group structure

Next Step Mortgages Limited has no subsidiary companies.

Ultimate parent company

NEXT STEP MORTGAGES LIMITED

03745589

NEXT STEP MORTGAGES LIMITED Shareholders

mrs theodora gupta	45%
mr sanjeeve kumar gupta	45%
mr christopher-jay kumar gupta	5%
miss shana gupta	5%

Next Step Mortgages Limited currently has 1 director, Mr Sanjeeve Gupta serving since Apr 1999.

officer	country	age	start	end	role
Mr Sanjeeve Gupta	United Kingdom	58 years	Apr 1999	-	Director

P&L

April 2024

turnover

922.3k

+17%

operating profit

380.1k

gross margin

31.4%

-13.76%

turnover

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

Balance Sheet

April 2024

net assets

2.9m

+0.14%

total assets

+0.13%

cash

1.6m

+0.08%

net assets

Total assets minus all liabilities

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company number

03745589

Type

Private limited with Share Capital

industry

64922 - Activities of mortgage finance companies

incorporation date

April 1999

ultimate parent company

None

previous names

N/A

address

4th floor 4 tabernacle street, london, EC2A 4LU

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.

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next step mortgages limited Company Information

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