mortgage funding 2008-1 plc
mortgage funding 2008-1 plc Company Information
Company Number
06505910
Website
wilmingtontrust.comRegistered Address
third floor 1 king's arms yard, london, EC2R 7AF
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
mortgage funding 2008-1 parent ltd 100%
wilmington trust sp services (london) ltd 0%
mortgage funding 2008-1 plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE FUNDING 2008-1 PLC at £11.1m based on a Turnover of £13.7m and 0.81x industry multiple (adjusted for size and gross margin).
mortgage funding 2008-1 plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE FUNDING 2008-1 PLC at £168.7m based on an EBITDA of £27.2m and a 6.2x industry multiple (adjusted for size and gross margin).
mortgage funding 2008-1 plc Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE FUNDING 2008-1 PLC at £29.6m based on Net Assets of £11.5m and 2.57x industry multiple (adjusted for liquidity).
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Mortgage Funding 2008-1 Plc Overview
Mortgage Funding 2008-1 Plc is a live company located in london, EC2R 7AF with a Companies House number of 06505910. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2008, it's largest shareholder is mortgage funding 2008-1 parent ltd with a 100% stake. Mortgage Funding 2008-1 Plc is a established, mid sized company, Pomanda has estimated its turnover at £13.7m with declining growth in recent years.
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Mortgage Funding 2008-1 Plc Health Check
Pomanda's financial health check has awarded Mortgage Funding 2008-1 Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £13.7m, make it larger than the average company (£2.9m)
£13.7m - Mortgage Funding 2008-1 Plc
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.5%)
-3% - Mortgage Funding 2008-1 Plc
2.5% - Industry AVG
Production
with a gross margin of 44.5%, this company has a comparable cost of product (38.7%)
44.5% - Mortgage Funding 2008-1 Plc
38.7% - Industry AVG
Profitability
an operating margin of 198.9% make it more profitable than the average company (6.6%)
198.9% - Mortgage Funding 2008-1 Plc
6.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (21)
3 - Mortgage Funding 2008-1 Plc
21 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Funding 2008-1 Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £4.6m, this is more efficient (£136.2k)
£4.6m - Mortgage Funding 2008-1 Plc
£136.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Funding 2008-1 Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Funding 2008-1 Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Funding 2008-1 Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 94 weeks, this is more cash available to meet short term requirements (27 weeks)
94 weeks - Mortgage Funding 2008-1 Plc
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.4%, this is a higher level of debt than the average (63%)
95.4% - Mortgage Funding 2008-1 Plc
63% - Industry AVG
MORTGAGE FUNDING 2008-1 PLC financials
Mortgage Funding 2008-1 Plc's latest turnover from November 2022 is £13.7 million and the company has net assets of £11.5 million. According to their latest financial statements, Mortgage Funding 2008-1 Plc has 3 employees and maintains cash reserves of £17.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,676,000 | 13,458,000 | 15,795,000 | 14,973,000 | 18,271,000 | 11,570,000 | 32,716,000 | 21,372,000 | 22,899,000 | 24,456,000 | 28,700,000 | 30,449,000 | 17,703,000 | 93,949,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,589,000 | 6,653,000 | 10,075,000 | 11,619,000 | 15,741,000 | 8,282,000 | 10,097,000 | 11,451,000 | 12,202,000 | 12,707,000 | 16,997,000 | 21,452,000 | 18,500,000 | 33,887,000 |
| Gross Profit | 6,087,000 | 6,805,000 | 5,720,000 | 3,354,000 | 2,530,000 | 3,288,000 | 22,619,000 | 9,921,000 | 10,697,000 | 11,749,000 | 11,703,000 | 8,997,000 | -797,000 | 60,062,000 |
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,806,000 | 7,681,000 | 4,000 | 4,000 | 4,000 | -5,680,000 | 16,510,000 | 11,558,000 | 13,366,000 | 74,746,000 | 28,009,000 | -7,995,000 | 23,241,000 | -26,820,000 |
| Tax | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | -1,000 | -1,000 | -1,000 |
| Profit After Tax | 3,805,000 | 7,680,000 | 3,000 | 3,000 | 3,000 | -5,681,000 | 16,509,000 | 11,557,000 | 13,365,000 | 74,745,000 | 28,009,000 | -7,996,000 | 23,240,000 | -26,821,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,805,000 | 7,680,000 | 3,000 | 3,000 | 3,000 | -5,681,000 | 16,509,000 | 11,557,000 | 13,365,000 | 74,745,000 | 28,009,000 | -7,996,000 | 23,240,000 | -26,821,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 3 | 3 | 3 | 4 | 4 | 3 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 567,586,000 | 601,192,000 | 645,743,000 | 706,331,000 | 797,768,000 |
| Debtors (Due After 1 year) | 211,348,000 | 234,997,000 | 264,632,000 | 288,571,000 | 326,807,000 | 378,981,000 | 425,462,000 | 480,291,000 | 519,002,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 211,348,000 | 234,997,000 | 264,632,000 | 288,571,000 | 326,807,000 | 378,981,000 | 425,462,000 | 480,291,000 | 519,002,000 | 567,586,000 | 601,192,000 | 645,743,000 | 706,331,000 | 797,768,000 |
| 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 | 62,000 | 50,000 | 50,000 | 16,000 | 0 | 135,000 | 37,000 | 14,000 | 0 | 0 | 0 | 386,000 | 438,000 | 575,000 |
| Misc Debtors | 23,399,000 | 35,318,000 | 29,931,000 | 36,232,000 | 35,440,000 | 45,603,000 | 45,931,000 | 9,401,000 | 10,025,000 | 306,000 | 445,000 | 137,000 | 167,000 | 2,362,000 |
| Cash | 17,539,000 | 11,427,000 | 12,460,000 | 16,655,000 | 16,323,000 | 20,270,000 | 18,301,000 | 23,366,000 | 21,833,000 | 15,761,000 | 13,143,000 | 15,586,000 | 19,694,000 | 35,534,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 41,000,000 | 46,795,000 | 42,441,000 | 52,903,000 | 51,763,000 | 66,008,000 | 64,269,000 | 32,781,000 | 31,858,000 | 16,067,000 | 13,588,000 | 16,109,000 | 20,299,000 | 38,471,000 |
| total assets | 252,348,000 | 281,792,000 | 307,073,000 | 341,474,000 | 378,570,000 | 444,989,000 | 489,731,000 | 513,072,000 | 550,860,000 | 583,653,000 | 614,780,000 | 661,852,000 | 726,630,000 | 836,239,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,000 | 28,000 |
| other short term finances | 6,629,000 | 9,512,000 | 11,590,000 | 11,090,000 | 12,734,000 | 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 | 3,060,000 | 2,179,000 | 2,511,000 | 3,221,000 | 3,733,000 | 27,065,000 | 23,805,000 | 4,952,000 | 5,323,000 | 7,034,000 | 5,616,000 | 7,681,000 | 20,922,000 | 19,306,000 |
| total current liabilities | 9,689,000 | 11,691,000 | 14,101,000 | 14,311,000 | 16,467,000 | 27,065,000 | 23,805,000 | 4,952,000 | 5,323,000 | 7,034,000 | 5,616,000 | 7,681,000 | 20,950,000 | 19,334,000 |
| loans | 231,118,000 | 262,365,000 | 292,916,000 | 327,110,000 | 362,053,000 | 407,443,000 | 449,764,000 | 0 | 557,441,000 | 601,888,000 | 709,178,000 | 782,194,000 | 825,707,000 | 960,172,000 |
| 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 | 508,467,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 231,118,000 | 262,365,000 | 292,916,000 | 327,110,000 | 362,053,000 | 407,443,000 | 449,764,000 | 508,467,000 | 557,441,000 | 601,888,000 | 709,178,000 | 782,194,000 | 825,707,000 | 960,172,000 |
| total liabilities | 240,807,000 | 274,056,000 | 307,017,000 | 341,421,000 | 378,520,000 | 434,508,000 | 473,569,000 | 513,419,000 | 562,764,000 | 608,922,000 | 714,794,000 | 789,875,000 | 846,657,000 | 979,506,000 |
| net assets | 11,541,000 | 7,736,000 | 56,000 | 53,000 | 50,000 | 10,481,000 | 16,162,000 | -347,000 | -11,904,000 | -25,269,000 | -100,014,000 | -128,023,000 | -120,027,000 | -143,267,000 |
| total shareholders funds | 11,541,000 | 7,736,000 | 56,000 | 53,000 | 50,000 | 10,481,000 | 16,162,000 | -347,000 | -11,904,000 | -25,269,000 | -100,014,000 | -128,023,000 | -120,027,000 | -143,267,000 |
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| 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 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | -1,000 | -1,000 | -1,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -35,556,000 | -24,248,000 | -30,206,000 | -37,428,000 | -62,472,000 | -46,711,000 | -18,276,000 | -39,321,000 | 528,721,000 | -139,000 | -78,000 | -82,000 | -2,332,000 | 2,937,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 881,000 | -332,000 | -710,000 | -512,000 | -23,332,000 | 3,260,000 | 18,853,000 | -371,000 | -1,711,000 | 1,418,000 | -2,065,000 | -13,241,000 | 1,616,000 | 19,306,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 44,024,000 | 21,632,000 | 0 | 42,960,000 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -567,586,000 | -33,606,000 | -44,551,000 | -60,588,000 | -91,437,000 | 797,768,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 44,024,000 | 21,632,000 | 0 | 610,546,000 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 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 | -28,000 | 0 | 28,000 |
| Other Short Term Loans | -2,883,000 | -2,078,000 | 500,000 | -1,644,000 | 12,734,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -31,247,000 | -30,551,000 | -34,194,000 | -34,943,000 | -45,390,000 | -42,321,000 | 449,764,000 | -557,441,000 | -44,447,000 | -107,290,000 | -73,016,000 | -43,513,000 | -134,465,000 | 960,172,000 |
| 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 | -508,467,000 | 508,467,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -34,130,000 | -32,629,000 | -33,694,000 | -36,587,000 | -43,090,000 | -42,321,000 | -58,703,000 | -48,974,000 | -44,447,000 | -107,290,000 | -73,016,000 | -43,541,000 | -134,465,000 | 843,754,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 6,112,000 | -1,033,000 | -4,195,000 | 332,000 | -3,947,000 | 1,969,000 | -5,065,000 | 1,533,000 | 6,072,000 | 2,618,000 | -2,443,000 | -4,108,000 | -15,840,000 | 35,534,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,112,000 | -1,033,000 | -4,195,000 | 332,000 | -3,947,000 | 1,969,000 | -5,065,000 | 1,533,000 | 6,072,000 | 2,618,000 | -2,443,000 | -4,108,000 | -15,840,000 | 35,534,000 |
mortgage funding 2008-1 plc Credit Report and Business Information
Mortgage Funding 2008-1 Plc Competitor Analysis
Perform a competitor analysis for mortgage funding 2008-1 plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC2R area or any other competitors across 12 key performance metrics.
mortgage funding 2008-1 plc Ownership
MORTGAGE FUNDING 2008-1 PLC group structure
Mortgage Funding 2008-1 Plc has no subsidiary companies.
Ultimate parent company
2 parents
MORTGAGE FUNDING 2008-1 PLC
06505910
mortgage funding 2008-1 plc directors
Mortgage Funding 2008-1 Plc currently has 2 directors. The longest serving directors include Mr Daniel Wynne (Mar 2017) and Mr Christopher Duffy (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Wynne | 54 years | Mar 2017 | - | Director | |
| Mr Christopher Duffy | United Kingdom | 51 years | Sep 2019 | - | Director |
P&L
November 2022turnover
13.7m
+2%
operating profit
27.2m
0%
gross margin
44.6%
-11.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
11.5m
+0.49%
total assets
252.3m
-0.1%
cash
17.5m
+0.53%
net assets
Total assets minus all liabilities
mortgage funding 2008-1 plc company details
company number
06505910
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2008
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2022
previous names
N/A
accountant
-
auditor
KPMG LLLP
address
third floor 1 king's arms yard, london, EC2R 7AF
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mortgage funding 2008-1 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 9 charges/mortgages relating to mortgage funding 2008-1 plc. Currently there are 9 open charges and 0 have been satisfied in the past.
mortgage funding 2008-1 plc Companies House Filings - See Documents
| date | description | view/download |
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