durham mortgages b plc
durham mortgages b plc Company Information
Company Number
11304468
Next Accounts
45 days late
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Activities of mortgage finance companies
Directors
Shareholders
durham mortgages b holdings limited
Group Structure
View All
Contact
Registered Address
5 churchill place, 10th floor, london, E14 5HU
Website
-durham mortgages b plc Estimated Valuation
Pomanda estimates the enterprise value of DURHAM MORTGAGES B PLC at £128.4m based on a Turnover of £68.2m and 1.88x industry multiple (adjusted for size and gross margin).
durham mortgages b plc Estimated Valuation
Pomanda estimates the enterprise value of DURHAM MORTGAGES B PLC at £113.5m based on an EBITDA of £14.9m and a 7.63x industry multiple (adjusted for size and gross margin).
durham mortgages b plc Estimated Valuation
Pomanda estimates the enterprise value of DURHAM MORTGAGES B PLC at £41m based on Net Assets of £18.1m and 2.26x industry multiple (adjusted for liquidity).
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Durham Mortgages B Plc Overview
Durham Mortgages B Plc is a live company located in london, E14 5HU with a Companies House number of 11304468. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in April 2018, it's largest shareholder is durham mortgages b holdings limited with a 100% stake. Durham Mortgages B Plc is a young, large sized company, Pomanda has estimated its turnover at £68.2m with low growth in recent years.
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Durham Mortgages B Plc Health Check
Pomanda's financial health check has awarded Durham Mortgages B Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £68.2m, make it larger than the average company (£4.5m)
£68.2m - Durham Mortgages B Plc
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.9%)
2% - Durham Mortgages B Plc
3.9% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (49.6%)
18.3% - Durham Mortgages B Plc
49.6% - Industry AVG
Profitability
an operating margin of 21.8% make it more profitable than the average company (13.1%)
21.8% - Durham Mortgages B Plc
13.1% - Industry AVG
Employees
with 362 employees, this is above the industry average (12)
- Durham Mortgages B Plc
12 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Durham Mortgages B Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £188.3k, this is equally as efficient (£189.7k)
- Durham Mortgages B Plc
£189.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (38 days)
17 days - Durham Mortgages B Plc
38 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Durham Mortgages B Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Durham Mortgages B Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is less cash available to meet short term requirements (30 weeks)
22 weeks - Durham Mortgages B Plc
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.7%, this is a higher level of debt than the average (75.1%)
98.7% - Durham Mortgages B Plc
75.1% - Industry AVG
DURHAM MORTGAGES B PLC financials
Durham Mortgages B Plc's latest turnover from April 2023 is £68.2 million and the company has net assets of £18.1 million. According to their latest financial statements, we estimate that Durham Mortgages B Plc has 362 employees and maintains cash reserves of £97.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Turnover | 68,171,364 | 40,609,440 | 42,676,158 | 64,581,676 | 64,707,938 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 55,698,396 | 32,346,750 | 30,855,382 | 49,867,667 | 57,959,461 |
| Gross Profit | 12,472,968 | 8,262,690 | 11,820,776 | 14,714,009 | 6,748,477 |
| Admin Expenses | -2,396,403 | 32,227,941 | |||
| Operating Profit | 14,869,371 | -23,965,251 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 14,869,371 | -23,965,251 | 4,000 | 4,000 | 3,000 |
| Tax | -760 | -760 | -760 | -760 | -570 |
| Profit After Tax | 14,868,611 | -23,966,011 | 3,240 | 3,240 | 2,430 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 14,868,611 | -23,966,011 | 3,240 | 3,240 | 2,430 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 3 | ||
| EBITDA* | 14,869,371 | -23,965,251 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,115,609,327 | 1,374,890,552 | 1,655,471,234 | 1,853,234,761 | 1,971,428,282 |
| Debtors (Due After 1 year) | 12,501 | 12,501 | 12,501 | 12,501 | 12,501 |
| Total Fixed Assets | 1,115,621,828 | 1,374,903,053 | 1,655,483,735 | 1,853,247,262 | 1,971,440,783 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,299,615 | 3,018,652 | 1,792,966 | 1,410,493 | 1,831,891 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,133 | 9,181 | 3,053 | 6,796 | 3,378 |
| Cash | 97,809,616 | 93,728,665 | 109,284,358 | 107,686,606 | 115,807,345 |
| misc current assets | 213,841,246 | 234,709,006 | 158,436,866 | 117,375,819 | 186,516,163 |
| total current assets | 314,959,610 | 331,465,504 | 269,517,243 | 226,479,714 | 304,158,777 |
| total assets | 1,430,581,438 | 1,706,368,557 | 1,925,000,978 | 2,079,726,976 | 2,275,599,560 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 213,744,264 | 238,133,728 | 150,769,178 | 137,025,844 | 204,595,559 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,005,535 | 5,784,695 | 33,632,594 | 31,641,030 | 26,571,458 |
| total current liabilities | 226,749,799 | 243,918,423 | 184,401,772 | 168,666,874 | 231,167,017 |
| loans | 1,185,729,230 | 1,459,216,336 | 1,740,577,795 | 1,911,041,931 | 2,044,417,612 |
| 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 | 1,185,729,230 | 1,459,216,336 | 1,740,577,795 | 1,911,041,931 | 2,044,417,612 |
| total liabilities | 1,412,479,029 | 1,703,134,759 | 1,924,979,567 | 2,079,708,805 | 2,275,584,629 |
| net assets | 18,102,409 | 3,233,798 | 21,411 | 18,171 | 14,931 |
| total shareholders funds | 18,102,409 | 3,233,798 | 21,411 | 18,171 | 14,931 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 14,869,371 | -23,965,251 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -760 | -760 | -760 | -760 | -570 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 280,915 | 1,231,814 | 378,730 | -417,980 | 1,847,770 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 7,220,840 | -27,847,899 | 1,991,564 | 5,069,572 | 26,571,458 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 21,808,536 | -53,045,724 | |||
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | -259,281,225 | -280,580,682 | -197,763,527 | -118,193,521 | 1,971,428,282 |
| cash flow from investments | 259,281,225 | 280,580,682 | 197,763,527 | 118,193,521 | -1,971,428,282 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -24,389,464 | 87,364,550 | 13,743,334 | -67,569,715 | 204,595,559 |
| Long term loans | -273,487,106 | -281,361,459 | -170,464,136 | -133,375,681 | 2,044,417,612 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -297,876,570 | -166,818,511 | -156,720,802 | -200,945,396 | 2,249,025,672 |
| cash and cash equivalents | |||||
| cash | 4,080,951 | -15,555,693 | 1,597,752 | -8,120,739 | 115,807,345 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,080,951 | -15,555,693 | 1,597,752 | -8,120,739 | 115,807,345 |
durham mortgages b plc Credit Report and Business Information
Durham Mortgages B Plc Competitor Analysis
Perform a competitor analysis for durham mortgages b plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
durham mortgages b plc Ownership
DURHAM MORTGAGES B PLC group structure
Durham Mortgages B Plc has no subsidiary companies.
Ultimate parent company
1 parent
DURHAM MORTGAGES B PLC
11304468
durham mortgages b plc directors
Durham Mortgages B Plc currently has 1 director, Mr John Nowacki serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Nowacki | United Kingdom | 45 years | Apr 2018 | - | Director |
P&L
April 2023turnover
68.2m
+68%
operating profit
14.9m
-162%
gross margin
18.3%
-10.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
18.1m
+4.6%
total assets
1.4b
-0.16%
cash
97.8m
+0.04%
net assets
Total assets minus all liabilities
durham mortgages b plc company details
company number
11304468
Type
Public 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.
64922 - Activities of mortgage finance companies
incorporation date
April 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
5 churchill place, 10th floor, london, E14 5HU
Bank
-
Legal Advisor
-
durham mortgages b plc 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 found 7 charges/mortgages relating to durham mortgages b plc. Currently there are 6 open charges and 1 have been satisfied in the past.
durham mortgages b plc 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 DURHAM MORTGAGES B PLC. This can take several minutes, an email will notify you when this has completed.
durham mortgages b plc Companies House Filings - See Documents
| date | description | view/download |
|---|
