mortgage options (partnership division) limited
mortgage options (partnership division) limited Company Information
Company Number
07352047
Next Accounts
79 days late
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
money options group limited
Group Structure
View All
Contact
Registered Address
4 finkin street, grantham, lincolnshire, NG31 6QZ
Website
www.mortgageoptions.co.ukmortgage options (partnership division) limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED at £710.1k based on a Turnover of £518.3k and 1.37x industry multiple (adjusted for size and gross margin).
mortgage options (partnership division) limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED at £0 based on an EBITDA of £-30.8k and a 5.06x industry multiple (adjusted for size and gross margin).
mortgage options (partnership division) limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED at £0 based on Net Assets of £-436.6k and 1.31x industry multiple (adjusted for liquidity).
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Mortgage Options (partnership Division) Limited Overview
Mortgage Options (partnership Division) Limited is a live company located in lincolnshire, NG31 6QZ with a Companies House number of 07352047. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2010, it's largest shareholder is money options group limited with a 100% stake. Mortgage Options (partnership Division) Limited is a established, small sized company, Pomanda has estimated its turnover at £518.3k with declining growth in recent years.
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Mortgage Options (partnership Division) Limited Health Check
Pomanda's financial health check has awarded Mortgage Options (Partnership Division) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £518.3k, make it smaller than the average company (£4.5m)
- Mortgage Options (partnership Division) Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (3.2%)
- Mortgage Options (partnership Division) Limited
3.2% - Industry AVG
Production
with a gross margin of 62.3%, this company has a comparable cost of product (62.3%)
- Mortgage Options (partnership Division) Limited
62.3% - Industry AVG
Profitability
an operating margin of -6.2% make it less profitable than the average company (10.7%)
- Mortgage Options (partnership Division) Limited
10.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (14)
4 - Mortgage Options (partnership Division) Limited
14 - Industry AVG
Pay Structure
on an average salary of £79.3k, the company has an equivalent pay structure (£79.3k)
- Mortgage Options (partnership Division) Limited
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £129.6k, this is less efficient (£224.1k)
- Mortgage Options (partnership Division) Limited
£224.1k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (30 days)
- Mortgage Options (partnership Division) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (37 days)
- Mortgage Options (partnership Division) Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mortgage Options (partnership Division) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (38 weeks)
1 weeks - Mortgage Options (partnership Division) Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 269.5%, this is a higher level of debt than the average (58.7%)
269.5% - Mortgage Options (partnership Division) Limited
58.7% - Industry AVG
MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED financials
Mortgage Options (Partnership Division) Limited's latest turnover from December 2022 is estimated at £518.3 thousand and the company has net assets of -£436.6 thousand. According to their latest financial statements, Mortgage Options (Partnership Division) Limited has 4 employees and maintains cash reserves of £1.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 4 | 4 | 6 | 7 | 6 | 7 | 6 | 5 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,271 | 2,415 | 1,691 | 1,525 | 2,624 | 3,917 | 6,607 | 10,788 | 15,610 | 4,243 | 3,437 | 5,312 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,083 | 70,583 | 109,083 | 147,583 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 186,469 | 119,711 | 70,059 | 234,085 | 189,636 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 189,740 | 122,126 | 71,750 | 235,610 | 192,260 | 3,917 | 6,607 | 10,788 | 47,693 | 74,826 | 112,520 | 152,895 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 16,761 | 30,910 | 50,490 | 40,181 | 62,750 | 73,700 | 25,549 | 16,000 | 55,979 | 53,732 | 66,890 | 28,286 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 49,587 | 96,654 | 7,560 | 21,287 | 8,886 | 115,224 | 125,769 | 48,520 | 0 | 0 | 0 | 0 |
| Cash | 1,583 | 3,743 | 52,057 | 30,981 | 7,952 | 52,859 | 3,568 | 27,502 | 8,420 | 16,331 | 19,757 | 624 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,931 | 131,307 | 110,107 | 92,449 | 79,588 | 241,783 | 154,886 | 92,022 | 64,399 | 70,063 | 86,647 | 28,910 |
| total assets | 257,671 | 253,433 | 181,857 | 328,059 | 271,848 | 245,700 | 161,493 | 102,810 | 112,092 | 144,889 | 199,167 | 181,805 |
| Bank overdraft | 14,648 | 13,666 | 4,362 | 0 | 3,464 | 0 | 6,323 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,018 | 20,320 | 42,200 | 34,593 | 38,842 | 40,027 | 33,502 | 24,776 | 43,233 | 34,825 | 69,078 | 21,266 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 2,121 | 1,958 | 1,794 | 1,631 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,091 | 24,447 | 36,994 | 32,359 | 60,860 | 89,598 | 30,591 | 8,860 | 0 | 0 | 0 | 0 |
| total current liabilities | 52,757 | 58,433 | 83,556 | 66,952 | 105,287 | 131,583 | 72,210 | 35,267 | 43,233 | 34,825 | 69,078 | 21,266 |
| loans | 468,984 | 397,653 | 251,844 | 122,058 | 90,204 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 2,121 | 4,079 | 5,873 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 2,320 | 1,470 | 20,100 | 0 | 0 | 0 | 0 | 24,543 | 17,720 | 4,000 | 0 |
| provisions | 172,562 | 156,920 | 153,506 | 123,303 | 101,751 | 105,347 | 63,399 | 37,850 | 13,064 | 19,426 | 15,337 | 8,000 |
| total long term liabilities | 641,546 | 556,893 | 406,820 | 265,461 | 191,955 | 107,468 | 67,478 | 43,723 | 37,607 | 37,146 | 19,337 | 8,000 |
| total liabilities | 694,303 | 615,326 | 490,376 | 332,413 | 297,242 | 239,051 | 139,688 | 78,990 | 80,840 | 71,971 | 88,415 | 29,266 |
| net assets | -436,632 | -361,893 | -308,519 | -4,354 | -25,394 | 6,649 | 21,805 | 23,820 | 31,252 | 72,918 | 110,752 | 152,539 |
| total shareholders funds | -436,632 | -361,893 | -308,519 | -4,354 | -25,394 | 6,649 | 21,805 | 23,820 | 31,252 | 72,918 | 110,752 | 152,539 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 1,547 | 1,424 | 1,413 | 1,099 | 3,256 | 4,801 | 4,406 | 3,983 | 3,956 | 2,129 | 1,875 | 2,188 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,083 | 38,500 | 38,500 | 38,500 | 44,917 |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,542 | 119,166 | -167,444 | 34,281 | 72,348 | 37,606 | 86,798 | 8,541 | 2,247 | -13,158 | 38,604 | 28,286 |
| Creditors | 4,698 | -21,880 | 7,607 | -4,249 | -1,185 | 6,525 | 8,726 | -18,457 | 8,408 | -34,253 | 47,812 | 21,266 |
| Accruals and Deferred Income | -11,356 | -12,547 | 4,635 | -28,501 | -28,738 | 59,007 | 21,731 | 8,860 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 15,642 | 3,414 | 30,203 | 21,552 | -3,596 | 41,948 | 25,549 | 24,786 | -6,362 | 4,089 | 7,337 | 8,000 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 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 |
| Long term loans | 71,331 | 145,809 | 129,786 | 31,854 | 90,204 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -2,121 | -1,958 | -1,794 | -1,631 | 7,504 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,320 | 850 | -18,630 | 20,100 | 0 | 0 | 0 | -24,543 | 6,823 | 13,720 | 4,000 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -2,160 | -48,314 | 21,076 | 23,029 | -44,907 | 49,291 | -23,934 | 19,082 | -7,911 | -3,426 | 19,133 | 624 |
| overdraft | 982 | 9,304 | 4,362 | -3,464 | 3,464 | -6,323 | 6,323 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,142 | -57,618 | 16,714 | 26,493 | -48,371 | 55,614 | -30,257 | 19,082 | -7,911 | -3,426 | 19,133 | 624 |
mortgage options (partnership division) limited Credit Report and Business Information
Mortgage Options (partnership Division) Limited Competitor Analysis
Perform a competitor analysis for mortgage options (partnership division) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NG31 area or any other competitors across 12 key performance metrics.
mortgage options (partnership division) limited Ownership
MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED group structure
Mortgage Options (Partnership Division) Limited has no subsidiary companies.
Ultimate parent company
1 parent
MORTGAGE OPTIONS (PARTNERSHIP DIVISION) LIMITED
07352047
mortgage options (partnership division) limited directors
Mortgage Options (Partnership Division) Limited currently has 2 directors. The longest serving directors include Mr Robert Everett (Aug 2010) and Mr Robert Everett (Aug 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Everett | England | 61 years | Aug 2010 | - | Director |
| Mr Robert Everett | England | 61 years | Aug 2010 | - | Director |
P&L
December 2022turnover
518.3k
-10%
operating profit
-32.3k
0%
gross margin
62.3%
-1.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-436.6k
+0.21%
total assets
257.7k
+0.02%
cash
1.6k
-0.58%
net assets
Total assets minus all liabilities
mortgage options (partnership division) limited company details
company number
07352047
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 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
N/A
accountant
DUNCAN & TOPLIS LIMITED
auditor
-
address
4 finkin street, grantham, lincolnshire, NG31 6QZ
Bank
-
Legal Advisor
-
mortgage options (partnership division) 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 did not find charges/mortgages relating to mortgage options (partnership division) limited.
mortgage options (partnership division) 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.
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mortgage options (partnership division) limited Companies House Filings - See Documents
| date | description | view/download |
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