mortgage engine limited
mortgage engine limited Company Information
Company Number
11061594
Next Accounts
Dec 2024
Industry
Activities of mortgage finance companies
Shareholders
mortgage brain holdings limited
Group Structure
View All
Contact
Registered Address
6 the courtyard buntsford gate, buntsford drive, bromsgrove, worcestershire, B60 3DJ
Website
https://www.santander.co.ukmortgage engine limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE ENGINE LIMITED at £15.3k based on a Turnover of £8k and 1.91x industry multiple (adjusted for size and gross margin).
mortgage engine limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE ENGINE LIMITED at £0 based on an EBITDA of £-534.7k and a 8.5x industry multiple (adjusted for size and gross margin).
mortgage engine limited Estimated Valuation
Pomanda estimates the enterprise value of MORTGAGE ENGINE LIMITED at £0 based on Net Assets of £-173.6k and 3.21x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mortgage Engine Limited Overview
Mortgage Engine Limited is a live company located in bromsgrove, B60 3DJ with a Companies House number of 11061594. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in November 2017, it's largest shareholder is mortgage brain holdings limited with a 100% stake. Mortgage Engine Limited is a young, micro sized company, Pomanda has estimated its turnover at £8k with unknown growth in recent years.
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Mortgage Engine Limited Health Check
Pomanda's financial health check has awarded Mortgage Engine Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
7 Weak
Size
annual sales of £8k, make it smaller than the average company (£4.6m)
£8k - Mortgage Engine Limited
£4.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mortgage Engine Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (33.6%)
100% - Mortgage Engine Limited
33.6% - Industry AVG
Profitability
an operating margin of -6793.4% make it less profitable than the average company (15.8%)
-6793.4% - Mortgage Engine Limited
15.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (11)
2 - Mortgage Engine Limited
11 - Industry AVG
Pay Structure
on an average salary of £168.8k, the company has a higher pay structure (£52.5k)
£168.8k - Mortgage Engine Limited
£52.5k - Industry AVG
Efficiency
resulting in sales per employee of £4k, this is less efficient (£166.8k)
£4k - Mortgage Engine Limited
£166.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Engine Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Engine Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mortgage Engine Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (22 weeks)
5 weeks - Mortgage Engine Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 336.7%, this is a higher level of debt than the average (93.1%)
336.7% - Mortgage Engine Limited
93.1% - Industry AVG
MORTGAGE ENGINE LIMITED financials
Mortgage Engine Limited's latest turnover from March 2023 is £8 thousand and the company has net assets of -£173.6 thousand. According to their latest financial statements, Mortgage Engine Limited has 2 employees and maintains cash reserves of £27.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 7,986 | 8,583 | 0 | 0 | 18,742 |
| Other Income Or Grants | 0 | 0 | 0 | ||
| Cost Of Sales | 0 | 0 | 0 | ||
| Gross Profit | 7,986 | 8,583 | 0 | ||
| Admin Expenses | 550,504 | 4,042,807 | 3,879,926 | ||
| Operating Profit | -542,518 | -4,034,224 | -3,879,926 | -2,349,903 | -902,970 |
| Interest Payable | 4,434 | 6,234 | 75,046 | 82,695 | 535 |
| Interest Receivable | 57 | 791 | 1,694 | 1,764 | 0 |
| Pre-Tax Profit | -546,895 | -4,039,667 | -3,953,278 | -2,430,834 | -903,505 |
| Tax | 85,191 | 768,956 | 782,523 | 429,657 | 172,047 |
| Profit After Tax | -461,704 | -3,270,711 | -3,170,755 | -2,001,177 | -731,458 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -461,704 | -3,270,711 | -3,170,755 | -2,001,177 | -731,458 |
| Employee Costs | 337,560 | 1,824,937 | 1,779,290 | 480,266 | 33,734 |
| Number Of Employees | 2 | 17 | 18 | 5 | 3 |
| EBITDA* | -534,697 | -3,832,723 | -3,751,694 | -2,341,473 | -902,199 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 20,072 | 37,989 | 49,529 | 14,727 |
| Intangible Assets | 0 | 0 | 1,706,534 | 1,814,416 | 1,662,148 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 5,915 | 3,092 | 0 | 0 |
| Total Fixed Assets | 0 | 14,157 | 1,741,431 | 1,863,945 | 1,676,875 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 2,396 | 0 | 0 | 0 |
| Group Debtors | 0 | 1,554,086 | 1,254,743 | 601,704 | 0 |
| Misc Debtors | 46,139 | 105,802 | 96,645 | 290,896 | 524,448 |
| Cash | 27,205 | 618,630 | 2,395,173 | 679,987 | 1,390,238 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 73,344 | 2,280,914 | 3,746,561 | 1,572,587 | 1,914,686 |
| total assets | 73,344 | 2,295,071 | 5,487,992 | 3,436,532 | 3,591,561 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 65,215 | 0 | 143,903 | 720,236 |
| Group/Directors Accounts | 238,950 | 668,756 | 10,114,759 | 4,548,155 | 2,499,900 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,000 | 1,262,576 | 1,260,859 | 1,461,345 | 1,102,783 |
| total current liabilities | 246,950 | 1,996,547 | 11,375,618 | 6,153,403 | 4,322,919 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 246,950 | 1,996,547 | 11,375,618 | 6,153,403 | 4,322,919 |
| net assets | -173,606 | 298,524 | -5,887,626 | -2,716,871 | -731,358 |
| total shareholders funds | -173,606 | 298,524 | -5,887,626 | -2,716,871 | -731,358 |
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -542,518 | -4,034,224 | -3,879,926 | -2,349,903 | -902,970 |
| Depreciation | 7,821 | 16,562 | 20,350 | 8,430 | 771 |
| Amortisation | 0 | 184,939 | 107,882 | 0 | 0 |
| Tax | 85,191 | 768,956 | 782,523 | 429,657 | 172,047 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 46,139 | 313,719 | 461,880 | 368,152 | 524,448 |
| Creditors | 0 | 65,215 | -143,903 | -576,333 | 720,236 |
| Accruals and Deferred Income | 8,000 | 1,717 | -200,486 | 358,562 | 1,102,783 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -487,645 | -3,310,554 | -3,775,440 | -2,497,739 | 568,419 |
| Investing Activities | |||||
| capital expenditure | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 238,950 | -9,446,003 | 5,566,604 | 2,048,255 | 2,499,900 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -4,377 | -5,443 | -73,352 | -80,931 | -535 |
| cash flow from financing | 522,671 | 5,415 | 5,493,252 | 1,982,988 | 2,499,465 |
| cash and cash equivalents | |||||
| cash | 27,205 | -1,776,543 | 1,715,186 | -710,251 | 1,390,238 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 27,205 | -1,776,543 | 1,715,186 | -710,251 | 1,390,238 |
mortgage engine limited Credit Report and Business Information
Mortgage Engine Limited Competitor Analysis
Perform a competitor analysis for mortgage engine limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in B60 area or any other competitors across 12 key performance metrics.
mortgage engine limited Ownership
MORTGAGE ENGINE LIMITED group structure
Mortgage Engine Limited has no subsidiary companies.
Ultimate parent company
1 parent
MORTGAGE ENGINE LIMITED
11061594
mortgage engine limited directors
Mortgage Engine Limited currently has 3 directors. The longest serving directors include Mrs Cloe Atkinson (Nov 2018) and Mr Zahid Bilgrami (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Cloe Atkinson | United Kingdom | 46 years | Nov 2018 | - | Director |
| Mr Zahid Bilgrami | 53 years | Feb 2022 | - | Director | |
| Mr Alastair Brown | United Kingdom | 50 years | Feb 2022 | - | Director |
P&L
March 2023turnover
8k
0%
operating profit
-542.5k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-173.6k
0%
total assets
73.3k
0%
cash
27.2k
0%
net assets
Total assets minus all liabilities
mortgage engine limited company details
company number
11061594
Type
Private limited with Share Capital
industry
64922 - Activities of mortgage finance companies
incorporation date
November 2017
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
COVENEY NICHOLLS PARTNERSHIP LLP
address
6 the courtyard buntsford gate, buntsford drive, bromsgrove, worcestershire, B60 3DJ
Bank
-
Legal Advisor
-
mortgage engine 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 engine limited.
mortgage engine 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 engine limited Companies House Filings - See Documents
| date | description | view/download |
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