the right mortgage limited
the right mortgage limited Company Information
Company Number
08130498
Next Accounts
Sep 2025
Shareholders
the right partnership ltd
Group Structure
View All
Industry
Bookkeeping activities
Registered Address
70 st. johns close, knowle, solihull, west midlands, B93 0NH
Website
www.therightmortgageclub.comthe right mortgage limited Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT MORTGAGE LIMITED at £461.4k based on a Turnover of £1.1m and 0.43x industry multiple (adjusted for size and gross margin).
the right mortgage limited Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT MORTGAGE LIMITED at £0 based on an EBITDA of £-642.3k and a 2.48x industry multiple (adjusted for size and gross margin).
the right mortgage limited Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT MORTGAGE LIMITED at £3m based on Net Assets of £905.8k and 3.31x industry multiple (adjusted for liquidity).
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The Right Mortgage Limited Overview
The Right Mortgage Limited is a live company located in solihull, B93 0NH with a Companies House number of 08130498. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in July 2012, it's largest shareholder is the right partnership ltd with a 100% stake. The Right Mortgage Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.
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The Right Mortgage Limited Health Check
Pomanda's financial health check has awarded The Right Mortgage Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.1m, make it larger than the average company (£85.3k)
- The Right Mortgage Limited
£85.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.9%)
- The Right Mortgage Limited
4.9% - Industry AVG
Production
with a gross margin of 60.7%, this company has a comparable cost of product (60.7%)
- The Right Mortgage Limited
60.7% - Industry AVG
Profitability
an operating margin of -66.7% make it less profitable than the average company (4.8%)
- The Right Mortgage Limited
4.8% - Industry AVG
Employees
with 46 employees, this is above the industry average (2)
46 - The Right Mortgage Limited
2 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has an equivalent pay structure (£17.9k)
- The Right Mortgage Limited
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £23.2k, this is less efficient (£60.6k)
- The Right Mortgage Limited
£60.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (66 days)
- The Right Mortgage Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (6 days)
- The Right Mortgage Limited
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Right Mortgage Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (43 weeks)
58 weeks - The Right Mortgage Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a higher level of debt than the average (69.9%)
77.8% - The Right Mortgage Limited
69.9% - Industry AVG
THE RIGHT MORTGAGE LIMITED financials
The Right Mortgage Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £905.8 thousand. According to their latest financial statements, The Right Mortgage Limited has 46 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,844,962 | 8,743,055 | 1,077,524 | ||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 12,361,139 | 7,155,797 | 882,741 | ||||||||
| Gross Profit | 2,483,823 | 1,587,258 | 194,783 | ||||||||
| Admin Expenses | 2,310,105 | 1,383,515 | 136,829 | ||||||||
| Operating Profit | 173,718 | 203,743 | 57,954 | ||||||||
| Interest Payable | 4,347 | 4,065 | 700 | ||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | 171,955 | 203,013 | 57,254 | ||||||||
| Tax | -35,202 | -38,690 | -12,623 | ||||||||
| Profit After Tax | 136,753 | 164,323 | 44,631 | ||||||||
| Dividends Paid | |||||||||||
| Retained Profit | 136,753 | 164,323 | 44,631 | ||||||||
| Employee Costs | 825,338 | 560,110 | 71,409 | ||||||||
| Number Of Employees | 46 | 49 | 50 | 50 | 34 | 31 | 22 | 8 | |||
| EBITDA* | 185,996 | 212,557 | 61,890 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,337 | 25,032 | 39,333 | 26,821 | 31,805 | 28,399 | 34,056 | 31,348 | 22,631 | ||
| Intangible Assets | 85,500 | 142,500 | 199,500 | 280,250 | 337,250 | 394,250 | |||||
| Investments & Other | 10,151 | 451,250 | 446,250 | 497,250 | |||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 108,988 | 167,532 | 238,833 | 307,071 | 369,055 | 422,649 | 485,306 | 477,598 | 519,881 | ||
| Stock & work in progress | |||||||||||
| Trade Debtors | 36,303 | 444,635 | 220,326 | 105,405 | 462,650 | 361,867 | 6,947 | 88,790 | 17,761 | ||
| Group Debtors | 3,882 | 158,460 | 101,683 | 27,828 | 39,195 | 2,076 | 934 | 108 | |||
| Misc Debtors | 330,762 | 495,081 | 58,913 | 300,541 | 251,227 | 410,294 | 272,806 | 112,596 | 10,969 | ||
| Cash | 3,598,705 | 3,943,567 | 3,613,165 | 1,421,950 | 867,134 | 938,545 | 768,120 | 433,542 | 113,250 | ||
| misc current assets | 453 | 968 | 339 | ||||||||
| total current assets | 3,969,652 | 5,041,743 | 3,994,540 | 1,856,692 | 1,620,206 | 1,712,782 | 1,048,807 | 635,036 | 142,319 | ||
| total assets | 4,078,640 | 5,209,275 | 4,233,373 | 2,163,763 | 1,989,261 | 2,135,431 | 1,534,113 | 1,112,634 | 662,200 | ||
| Bank overdraft | 2,419 | 2,978 | |||||||||
| Bank loan | |||||||||||
| Trade Creditors | 122,812 | 86,745 | 82,679 | 237,230 | 175,190 | 389,677 | 224,187 | 509,786 | 2,995 | ||
| Group/Directors Accounts | 249,294 | 182,561 | 1,745 | 2,345 | 4,117 | 2,211 | 11,246 | 17,954 | |||
| other short term finances | 7,176 | 3,911 | 10,537 | ||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 2,793,559 | 3,516,644 | 2,862,475 | 807,097 | 1,310,921 | 1,337,726 | 853,863 | 266,732 | 380,263 | ||
| total current liabilities | 3,172,841 | 3,789,861 | 2,957,436 | 1,046,672 | 1,490,228 | 1,729,822 | 1,083,239 | 787,764 | 401,212 | ||
| loans | 500,000 | 30,000 | |||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 20,765 | 186,355 | |||||||||
| provisions | 105,165 | 95,149 | |||||||||
| total long term liabilities | 500,000 | 105,165 | 115,914 | 216,355 | |||||||
| total liabilities | 3,172,841 | 3,789,861 | 2,957,436 | 1,546,672 | 1,490,228 | 1,729,822 | 1,188,404 | 903,678 | 617,567 | ||
| net assets | 905,799 | 1,419,414 | 1,275,937 | 617,091 | 499,033 | 405,609 | 345,709 | 208,956 | 44,633 | ||
| total shareholders funds | 905,799 | 1,419,414 | 1,275,937 | 617,091 | 499,033 | 405,609 | 345,709 | 208,956 | 44,633 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 173,718 | 203,743 | 57,954 | ||||||||
| Depreciation | 11,695 | 14,930 | 19,598 | 12,374 | 13,671 | 14,242 | 12,278 | 8,814 | 3,936 | ||
| Amortisation | 57,000 | 57,000 | 80,750 | 57,000 | 57,000 | ||||||
| Tax | -35,202 | -38,690 | -12,623 | ||||||||
| Stock | |||||||||||
| Debtors | -727,229 | 717,254 | -52,852 | -319,298 | -21,165 | 493,550 | 79,193 | 172,764 | 28,730 | ||
| Creditors | 36,067 | 4,066 | -154,551 | 62,040 | -214,487 | 165,490 | -285,599 | 506,791 | 2,995 | ||
| Accruals and Deferred Income | -723,085 | 654,169 | 2,055,378 | -503,824 | -26,805 | 483,863 | 587,131 | -113,531 | 380,263 | ||
| Deferred Taxes & Provisions | -105,165 | 10,016 | 95,149 | ||||||||
| Cash flow from operations | 383,149 | 489,512 | 403,795 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | -165,486 | -343,031 | -120,567 | ||||||||
| Change in Investments | 10,151 | -451,250 | 5,000 | -51,000 | 497,250 | ||||||
| cash flow from investments | -170,486 | -292,031 | -617,817 | ||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 66,733 | 180,816 | -600 | -1,772 | 4,117 | -2,211 | -9,035 | -6,708 | 17,954 | ||
| Other Short Term Loans | 3,265 | -6,626 | 10,537 | ||||||||
| Long term loans | -500,000 | 500,000 | -30,000 | 30,000 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -20,765 | -165,590 | 186,355 | ||||||||
| share issue | |||||||||||
| interest | -4,347 | -4,065 | -700 | ||||||||
| cash flow from financing | -34,147 | -206,363 | 233,611 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | -344,862 | 330,402 | 2,191,215 | 554,816 | -71,411 | 170,425 | 334,578 | 320,292 | 113,250 | ||
| overdraft | -2,419 | -559 | 2,978 | ||||||||
| change in cash | -344,862 | 330,402 | 2,191,215 | 554,816 | -68,992 | 170,984 | 331,600 | 320,292 | 113,250 |
the right mortgage limited Credit Report and Business Information
The Right Mortgage Limited Competitor Analysis
Perform a competitor analysis for the right mortgage limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B93 area or any other competitors across 12 key performance metrics.
the right mortgage limited Ownership
THE RIGHT MORTGAGE LIMITED group structure
The Right Mortgage Limited has 6 subsidiary companies.
Ultimate parent company
THE RIGHT MORTGAGE LIMITED
08130498
6 subsidiaries
the right mortgage limited directors
The Right Mortgage Limited currently has 7 directors. The longest serving directors include Mr Adam Stretton (Jul 2012) and Mr Martin Wilson (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Stretton | England | 59 years | Jul 2012 | - | Director |
| Mr Martin Wilson | England | 65 years | Jul 2012 | - | Director |
| Mrs Amanda Wilson | England | 60 years | Aug 2014 | - | Director |
| Mrs Tania Stretton | England | 57 years | Aug 2014 | - | Director |
| Miss Nicola Ventrella | England | 38 years | Jun 2018 | - | Director |
| Mr Ben Allen | England | 44 years | Jun 2018 | - | Director |
| Mrs Jade Mitchell | England | 37 years | Jul 2022 | - | Director |
P&L
December 2023turnover
1.1m
-56%
operating profit
-711k
0%
gross margin
60.8%
-13.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
905.8k
-0.36%
total assets
4.1m
-0.22%
cash
3.6m
-0.09%
net assets
Total assets minus all liabilities
the right mortgage limited company details
company number
08130498
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
July 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
ARK AURORA LTD
auditor
-
address
70 st. johns close, knowle, solihull, west midlands, B93 0NH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the right mortgage 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 the right mortgage limited.
the right mortgage 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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the right mortgage limited Companies House Filings - See Documents
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