residential mortgage securities 32 plc
residential mortgage securities 32 plc Company Information
Company Number
12697961
Next Accounts
85 days late
Shareholders
residential mortgage securities 32 parent limited
Group Structure
View All
Industry
Activities of mortgage finance companies
+1Registered Address
7th floor, 21 lombard street, london, EC3V 9AH
Website
-residential mortgage securities 32 plc Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL MORTGAGE SECURITIES 32 PLC at £29.1m based on a Turnover of £23.6m and 1.23x industry multiple (adjusted for size and gross margin).
residential mortgage securities 32 plc Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL MORTGAGE SECURITIES 32 PLC at £129.1m based on an EBITDA of £27.4m and a 4.7x industry multiple (adjusted for size and gross margin).
residential mortgage securities 32 plc Estimated Valuation
Pomanda estimates the enterprise value of RESIDENTIAL MORTGAGE SECURITIES 32 PLC at £96.2k based on Net Assets of £39.2k and 2.45x industry multiple (adjusted for liquidity).
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Residential Mortgage Securities 32 Plc Overview
Residential Mortgage Securities 32 Plc is a live company located in london, EC3V 9AH with a Companies House number of 12697961. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in June 2020, it's largest shareholder is residential mortgage securities 32 parent limited with a 100% stake. Residential Mortgage Securities 32 Plc is a young, large sized company, Pomanda has estimated its turnover at £23.6m with unknown growth in recent years.
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Residential Mortgage Securities 32 Plc Health Check
Pomanda's financial health check has awarded Residential Mortgage Securities 32 Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
3 Weak
Size
annual sales of £23.6m, make it larger than the average company (£4.4m)
£23.6m - Residential Mortgage Securities 32 Plc
£4.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Residential Mortgage Securities 32 Plc
- - Industry AVG
Production
with a gross margin of 11%, this company has a higher cost of product (44.9%)
11% - Residential Mortgage Securities 32 Plc
44.9% - Industry AVG
Profitability
an operating margin of 116.1% make it more profitable than the average company (12.8%)
116.1% - Residential Mortgage Securities 32 Plc
12.8% - Industry AVG
Employees
with 40 employees, this is above the industry average (11)
- Residential Mortgage Securities 32 Plc
11 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Residential Mortgage Securities 32 Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £590.6k, this is more efficient (£183.2k)
- Residential Mortgage Securities 32 Plc
£183.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Residential Mortgage Securities 32 Plc
- - Industry AVG
Creditor Days
its suppliers are paid after 1266 days, this is slower than average (30 days)
1266 days - Residential Mortgage Securities 32 Plc
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Residential Mortgage Securities 32 Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (27 weeks)
19 weeks - Residential Mortgage Securities 32 Plc
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (80%)
100% - Residential Mortgage Securities 32 Plc
80% - Industry AVG
RESIDENTIAL MORTGAGE SECURITIES 32 PLC financials
Residential Mortgage Securities 32 Plc's latest turnover from March 2023 is £23.6 million and the company has net assets of £39.2 thousand. According to their latest financial statements, we estimate that Residential Mortgage Securities 32 Plc has 40 employees and maintains cash reserves of £26.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Turnover | 23,624,058 | 21,114,000 | 11,545,000 |
| Other Income Or Grants | |||
| Cost Of Sales | 21,032,474 | 18,780,000 | 10,264,000 |
| Gross Profit | 2,591,584 | 2,334,000 | 1,281,000 |
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | 6,000 | 6,000 | 21,000 |
| Tax | -1,140 | -1,000 | -4,000 |
| Profit After Tax | 4,860 | 5,000 | 17,000 |
| Dividends Paid | |||
| Retained Profit | 4,860 | 5,000 | 17,000 |
| Employee Costs | |||
| Number Of Employees | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | 350,010,189 | 513,278,000 | 588,006,000 |
| Total Fixed Assets | 350,010,189 | 513,278,000 | 588,006,000 |
| Stock & work in progress | |||
| Trade Debtors | |||
| Group Debtors | 17,000 | 1,677,000 | |
| Misc Debtors | 75,947,551 | 21,862,000 | 20,508,000 |
| Cash | 26,839,530 | 29,868,000 | 30,051,000 |
| misc current assets | |||
| total current assets | 102,787,081 | 51,747,000 | 52,236,000 |
| total assets | 452,797,270 | 565,025,000 | 640,242,000 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 72,969,255 | ||
| Group/Directors Accounts | 135,000 | ||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 6,224,000 | 3,082,000 | |
| total current liabilities | 72,969,255 | 6,359,000 | 3,082,000 |
| loans | 558,631,000 | 637,130,000 | |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | 379,788,784 | ||
| provisions | |||
| total long term liabilities | 379,788,784 | 558,631,000 | 637,130,000 |
| total liabilities | 452,758,039 | 564,990,000 | 640,212,000 |
| net assets | 39,231 | 35,000 | 30,000 |
| total shareholders funds | 39,231 | 35,000 | 30,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | -1,140 | -1,000 | -4,000 |
| Stock | |||
| Debtors | -109,199,260 | -75,034,000 | 610,191,000 |
| Creditors | 72,969,255 | ||
| Accruals and Deferred Income | -6,224,000 | 3,142,000 | 3,082,000 |
| 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 | -135,000 | 135,000 | |
| Other Short Term Loans | |||
| Long term loans | -558,631,000 | -78,499,000 | 637,130,000 |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | 379,788,784 | ||
| share issue | |||
| interest | |||
| cash flow from financing | -178,977,845 | -78,364,000 | 637,143,000 |
| cash and cash equivalents | |||
| cash | -3,028,470 | -183,000 | 30,051,000 |
| overdraft | |||
| change in cash | -3,028,470 | -183,000 | 30,051,000 |
residential mortgage securities 32 plc Credit Report and Business Information
Residential Mortgage Securities 32 Plc Competitor Analysis
Perform a competitor analysis for residential mortgage securities 32 plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
residential mortgage securities 32 plc Ownership
RESIDENTIAL MORTGAGE SECURITIES 32 PLC group structure
Residential Mortgage Securities 32 Plc has no subsidiary companies.
Ultimate parent company
APEX GROUP LTD
#0070197
2 parents
RESIDENTIAL MORTGAGE SECURITIES 32 PLC
12697961
residential mortgage securities 32 plc directors
Residential Mortgage Securities 32 Plc currently has 3 directors. The longest serving directors include Mr Sean Martin (Jun 2020) and Mr Sean Martin (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Martin | United Kingdom | 60 years | Jun 2020 | - | Director |
| Mr Sean Martin | England | 60 years | Jun 2020 | - | Director |
| Mr Sean Martin | United Kingdom | 60 years | Jun 2020 | - | Director |
P&L
March 2023turnover
23.6m
+12%
operating profit
27.4m
0%
gross margin
11%
-0.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
39.2k
+0.12%
total assets
452.8m
-0.2%
cash
26.8m
-0.1%
net assets
Total assets minus all liabilities
Similar Companies
residential mortgage securities 32 plc company details
company number
12697961
Type
Public limited with Share Capital
industry
64922 - Activities of mortgage finance companies
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 2020
age
5
incorporated
UK
ultimate parent company
accounts
Interim
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
7th floor, 21 lombard street, london, EC3V 9AH
Bank
-
Legal Advisor
-
residential mortgage securities 32 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 2 charges/mortgages relating to residential mortgage securities 32 plc. Currently there are 0 open charges and 2 have been satisfied in the past.
residential mortgage securities 32 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 RESIDENTIAL MORTGAGE SECURITIES 32 PLC. This can take several minutes, an email will notify you when this has completed.
residential mortgage securities 32 plc Companies House Filings - See Documents
| date | description | view/download |
|---|
