midlands mortgage centre ltd
midlands mortgage centre ltd Company Information
Company Number
08139719
Next Accounts
Apr 2025
Shareholders
antony wellington
laura wellington
Group Structure
View All
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Registered Address
37a anchor road, aldridge, walsall, west midlands, WS9 8PT
midlands mortgage centre ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS MORTGAGE CENTRE LTD at £218.1k based on a Turnover of £249.8k and 0.87x industry multiple (adjusted for size and gross margin).
midlands mortgage centre ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS MORTGAGE CENTRE LTD at £207.2k based on an EBITDA of £65.1k and a 3.18x industry multiple (adjusted for size and gross margin).
midlands mortgage centre ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLANDS MORTGAGE CENTRE LTD at £143.3k based on Net Assets of £59.4k and 2.41x industry multiple (adjusted for liquidity).
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Midlands Mortgage Centre Ltd Overview
Midlands Mortgage Centre Ltd is a live company located in walsall, WS9 8PT with a Companies House number of 08139719. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in July 2012, it's largest shareholder is antony wellington with a 95% stake. Midlands Mortgage Centre Ltd is a established, micro sized company, Pomanda has estimated its turnover at £249.8k with unknown growth in recent years.
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Midlands Mortgage Centre Ltd Health Check
Pomanda's financial health check has awarded Midlands Mortgage Centre Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £249.8k, make it smaller than the average company (£13.2m)
- Midlands Mortgage Centre Ltd
£13.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Midlands Mortgage Centre Ltd
- - Industry AVG
Production
with a gross margin of 18.8%, this company has a comparable cost of product (18.8%)
- Midlands Mortgage Centre Ltd
18.8% - Industry AVG
Profitability
an operating margin of 5.5% make it as profitable than the average company (6.1%)
- Midlands Mortgage Centre Ltd
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
1 - Midlands Mortgage Centre Ltd
15 - Industry AVG
Pay Structure
on an average salary of £63.2k, the company has an equivalent pay structure (£63.2k)
- Midlands Mortgage Centre Ltd
£63.2k - Industry AVG
Efficiency
resulting in sales per employee of £249.8k, this is less efficient (£356.8k)
- Midlands Mortgage Centre Ltd
£356.8k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (66 days)
- Midlands Mortgage Centre Ltd
66 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Midlands Mortgage Centre Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Midlands Mortgage Centre Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (6 weeks)
26 weeks - Midlands Mortgage Centre Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a lower level of debt than the average (100%)
42.9% - Midlands Mortgage Centre Ltd
100% - Industry AVG
MIDLANDS MORTGAGE CENTRE LTD financials
Midlands Mortgage Centre Ltd's latest turnover from July 2023 is estimated at £249.8 thousand and the company has net assets of £59.4 thousand. According to their latest financial statements, Midlands Mortgage Centre Ltd has 1 employee and maintains cash reserves of £22.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 73,740 | 82,887 | 60,245 | 1,056 | 1,824 | 3,846 | 4,892 | 6,389 | |||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 73,740 | 82,887 | 60,245 | 1,056 | 1,824 | 3,846 | 4,892 | 6,389 | |||
| Stock & work in progress | |||||||||||
| Trade Debtors | 7,522 | 7,589 | 4,090 | 6,080 | 5,372 | 6,057 | |||||
| Group Debtors | |||||||||||
| Misc Debtors | |||||||||||
| Cash | 22,839 | 9,789 | 60,231 | 89,496 | 38,186 | 39,917 | 38,815 | 31,413 | 28,614 | 22,754 | 11,919 |
| misc current assets | |||||||||||
| total current assets | 30,361 | 9,789 | 60,231 | 89,496 | 45,775 | 44,007 | 44,895 | 36,785 | 28,614 | 28,811 | 11,919 |
| total assets | 104,101 | 92,676 | 120,476 | 90,552 | 47,599 | 47,853 | 49,787 | 43,174 | 28,614 | 28,811 | 11,919 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 515 | 515 | 9,941 | ||||||||
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 44,692 | 44,093 | 62,864 | 73,626 | 47,491 | 47,535 | 15,386 | 8,361 | |||
| total current liabilities | 44,692 | 44,093 | 62,864 | 73,626 | 47,491 | 47,535 | 15,901 | 8,876 | 9,941 | ||
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 12,390 | 7,331 | |||||||||
| provisions | |||||||||||
| total long term liabilities | 12,390 | 7,331 | |||||||||
| total liabilities | 44,692 | 44,093 | 62,864 | 73,626 | 47,491 | 47,535 | 15,901 | 8,876 | 9,941 | 12,390 | 7,331 |
| net assets | 59,409 | 48,583 | 57,612 | 16,926 | 108 | 318 | 33,886 | 34,298 | 18,673 | 16,421 | 4,588 |
| total shareholders funds | 59,409 | 48,583 | 57,612 | 16,926 | 108 | 318 | 33,886 | 34,298 | 18,673 | 16,421 | 4,588 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 51,510 | 47,278 | 20,473 | 1,767 | 2,022 | 1,996 | 1,772 | 422 | |||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | 7,522 | -7,589 | 3,499 | -1,990 | 708 | 5,372 | -6,057 | 6,057 | |||
| Creditors | -515 | -9,426 | 9,941 | ||||||||
| Accruals and Deferred Income | 599 | -18,771 | -10,762 | 26,135 | -44 | 32,149 | 7,025 | 8,361 | |||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -12,390 | 5,059 | 7,331 | ||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 13,050 | -50,442 | -29,265 | 51,310 | -1,731 | 1,102 | 7,402 | 2,799 | 5,860 | 10,835 | 11,919 |
| overdraft | |||||||||||
| change in cash | 13,050 | -50,442 | -29,265 | 51,310 | -1,731 | 1,102 | 7,402 | 2,799 | 5,860 | 10,835 | 11,919 |
midlands mortgage centre ltd Credit Report and Business Information
Midlands Mortgage Centre Ltd Competitor Analysis
Perform a competitor analysis for midlands mortgage centre ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WS9 area or any other competitors across 12 key performance metrics.
midlands mortgage centre ltd Ownership
MIDLANDS MORTGAGE CENTRE LTD group structure
Midlands Mortgage Centre Ltd has no subsidiary companies.
Ultimate parent company
MIDLANDS MORTGAGE CENTRE LTD
08139719
midlands mortgage centre ltd directors
Midlands Mortgage Centre Ltd currently has 2 directors. The longest serving directors include Mr Antony Wellington (Jul 2012) and Mrs Laura Wellington (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Wellington | England | 53 years | Jul 2012 | - | Director |
| Mrs Laura Wellington | United Kingdom | 39 years | Jul 2012 | - | Director |
P&L
July 2023turnover
249.8k
-21%
operating profit
13.6k
0%
gross margin
18.8%
-6.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
59.4k
+0.22%
total assets
104.1k
+0.12%
cash
22.8k
+1.33%
net assets
Total assets minus all liabilities
midlands mortgage centre ltd company details
company number
08139719
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
July 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
CSH ACCOUNTING
auditor
-
address
37a anchor road, aldridge, walsall, west midlands, WS9 8PT
Bank
-
Legal Advisor
-
midlands mortgage centre ltd 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 midlands mortgage centre ltd.
midlands mortgage centre ltd 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.
Click to start generating capital raising & share issue transactions for MIDLANDS MORTGAGE CENTRE LTD. This can take several minutes, an email will notify you when this has completed.
midlands mortgage centre ltd Companies House Filings - See Documents
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