More Mortgage Solutions Ltd

more mortgage solutions ltd Estimated Valuation

£142k

Pomanda estimates the enterprise value of MORE MORTGAGE SOLUTIONS LTD at £142k based on a Turnover of £180.7k and 0.79x industry multiple (adjusted for size and gross margin).

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More Mortgage Solutions Ltd is a live company located in stockport, SK7 6LQ with a Companies House number of 06676741. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2008, it's largest shareholder is michael young with a 100% stake. More Mortgage Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £180.7k with healthy growth in recent years.

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Pomanda's financial health check has awarded More Mortgage Solutions Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

4 Regular

6 Weak

Size

annual sales of £180.7k, make it smaller than the average company (£5.3m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.7%)

EXPORT

More Mortgage Solutions Ltd's latest turnover from March 2024 is estimated at £180.7 thousand and the company has net assets of £7.3 thousand. According to their latest financial statements, More Mortgage Solutions Ltd has 3 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	180,665	169,827	196,763	149,084	155,486	273,365	5,901	37,346	31,610	21,096	28,503	32,476	118,228		16,626
Other Income Or Grants
Cost Of Sales	154,908	140,935	160,951	120,840	123,864	220,434	4,625	28,272	21,662	14,661	20,218	22,891	84,667		12,949
Gross Profit	25,757	28,892	35,812	28,244	31,622	52,931	1,276	9,074	9,948	6,435	8,284	9,584	33,561		3,677
Admin Expenses	27,750	28,976	32,756	29,289	38,402	53,340	-3,829	7,967	5,946	4,396	2,381	8,022	30,633	11,050	-12,501
Operating Profit	-1,993	-84	3,056	-1,045	-6,780	-409	5,105	1,107	4,002	2,039	5,903	1,562	2,928	-11,050	16,178
Interest Payable	1,345	1,618	1,288	610			75	233	167
Interest Receivable	478	487	161	21	20	221	106	26	52	55	47	50	49	37	17
Pre-Tax Profit	-2,860	-1,215	1,928	-1,634	-6,760	-188	5,136	900	3,886	2,094	5,951	1,612	2,977	-11,013	16,194
Tax			-366				-976	-180	-777	-440	-1,369	-387	-774		-4,534
Profit After Tax	-2,860	-1,215	1,562	-1,634	-6,760	-188	4,160	720	3,109	1,654	4,582	1,225	2,203	-11,013	11,660
Dividends Paid
Retained Profit	-2,860	-1,215	1,562	-1,634	-6,760	-188	4,160	720	3,109	1,654	4,582	1,225	2,203	-11,013	11,660
Employee Costs	239,155	222,072	219,735	205,958	208,275	204,997	65,980	62,758	60,811	58,258	59,274	57,590	55,865		56,650
Number Of Employees	3	3	3	3	3	3	1	1	1	1	1	1	1		1
EBITDA*	-1,993	-34	3,117	-843	-6,653	-251	5,303	1,658	4,171	2,096	5,975	1,652	3,040	-11,050	16,178

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	174	193	243	304	506	633	791	989	1,540	229	286	358	448	560
Intangible Assets
Investments & Other															100
Debtors (Due After 1 year)
Total Fixed Assets	174	193	243	304	506	633	791	989	1,540	229	286	358	448	560	100
Stock & work in progress
Trade Debtors	18,136	18,052	22,250	2,858	2,950		1,500	9,950	9,222	8,049	11,100	12,825	881		4,903
Group Debtors
Misc Debtors
Cash	6,998	11,223	11,706	31,249	11,674	28,196	30,730	11,558	9,150	11,455	10,588	8,297	11,748	7,887	6,757
misc current assets
total current assets	25,134	29,275	33,956	34,107	14,624	28,196	32,230	21,508	18,372	19,504	21,688	21,122	12,629	7,887	11,660
total assets	25,308	29,468	34,199	34,411	15,130	28,829	33,021	22,497	19,912	19,733	21,974	21,480	13,077	8,447	11,760
Bank overdraft			2,670					2,300	2,300
Bank loan
Trade Creditors	7,488	5,899								3,623	4,357	3,842	10,127
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities			4,649	4,593	3,678	10,617	14,621	5,957	1,251
total current liabilities	7,488	5,899	7,319	4,593	3,678	10,617	14,621	8,257	3,551	3,623	4,357	3,842	10,127
loans	10,515	13,404	15,500	20,000					2,841
hp & lease commitments
Accruals and Deferred Income
other liabilities										5,699	8,860	13,463		7,700
provisions
total long term liabilities	10,515	13,404	15,500	20,000					2,841	5,699	8,860	13,463		7,700
total liabilities	18,003	19,303	22,819	24,593	3,678	10,617	14,621	8,257	6,392	9,322	13,217	17,305	10,127	7,700
net assets	7,305	10,165	11,380	9,818	11,452	18,212	18,400	14,240	13,520	10,411	8,757	4,175	2,950	747	11,760
total shareholders funds	7,305	10,165	11,380	9,818	11,452	18,212	18,400	14,240	13,520	10,411	8,757	4,175	2,950	747	11,760

	Mar 2024	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	-1,993	-84	3,056	-1,045	-6,780	-409	5,105	1,107	4,002	2,039	5,903	1,562	2,928	-11,050	16,178
Depreciation		50	61	202	127	158	198	551	169	57	72	90	112
Amortisation
Tax			-366				-976	-180	-777	-440	-1,369	-387	-774		-4,534
Stock
Debtors	84	-4,198	19,392	-92	2,950	-1,500	-8,450	728	1,173	-3,051	-1,725	11,944	881	-4,903	4,903
Creditors	1,589	5,899							-3,623	-734	515	-6,285	10,127
Accruals and Deferred Income		-4,649	56	915	-6,939	-4,004	8,664	4,706	1,251
Deferred Taxes & Provisions
Cash flow from operations	-488	5,414	-16,585	164	-16,542	-2,755	21,441	5,456	-151	3,973	6,846	-16,964	11,512	-6,147	6,741
Investing Activities
capital expenditure	19								-1,480					-560
Change in Investments														-100	100
cash flow from investments	19								-1,480					-460	-100
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-2,889	-2,096	-4,500	20,000				-2,841	2,841
Hire Purchase and Lease Commitments
other long term liabilities									-5,699	-3,161	-4,603	13,463	-7,700	7,700
share issue															100
interest	-867	-1,131	-1,127	-589	20	221	31	-207	-115	55	47	50	49	37	17
cash flow from financing	-3,756	-3,227	-5,627	19,411	20	221	31	-3,048	-2,973	-3,106	-4,556	13,513	-7,651	7,737	117
cash and cash equivalents
cash	-4,225	-483	-19,543	19,575	-16,522	-2,534	19,172	2,408	-2,305	867	2,291	-3,451	3,861	1,130	6,757
overdraft		-2,670	2,670				-2,300		2,300
change in cash	-4,225	2,187	-22,213	19,575	-16,522	-2,534	21,472	2,408	-4,605	867	2,291	-3,451	3,861	1,130	6,757

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORE MORTGAGE SOLUTIONS LTD group structure

More Mortgage Solutions Ltd has no subsidiary companies.

Ultimate parent company

MORE MORTGAGE SOLUTIONS LTD

06676741

MORE MORTGAGE SOLUTIONS LTD Shareholders

michael young

100%

More Mortgage Solutions Ltd currently has 1 director, Mr Michael Young serving since Aug 2008.

officer	country	age	start	end	role
Mr Michael Young	England	50 years	Aug 2008	-	Director

P&L

March 2024

turnover

180.7k

+6%

operating profit

-2k

gross margin

14.3%

-16.2%

turnover

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

Balance Sheet

March 2024

net assets

7.3k

-0.28%

total assets

25.3k

-0.14%

cash

-0.38%

net assets

Total assets minus all liabilities

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company number

06676741

Type

Private 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

August 2008

ultimate parent company

None

previous names

investment and property mortgages limited (April 2009)

address

19 woodland avenue, hazel grove, stockport, SK7 6LQ

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 did not find charges/mortgages relating to more mortgage solutions ltd.

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.

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