THE MORTGAGE WORKS (UK) PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +48%

  £32,900,000 → £48,700,000

• Net assets

  +4.8%

  £2,931,800,000 → £3,072,200,000

• Employees

  —

  Not reported

• Profit before tax

  -19.9%

  £234,000,000 → £187,400,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. THE MORTGAGE WORKS (UK) PLC 2004-01-13 → present
2. SUN BANK PLC 1998-04-06 → 2004-01-13
3. SUN BANKING CORPORATION LIMITED 1994-12-01 → 1998-04-06
4. CONFEDERATION BANK LIMITED 1989-04-17 → 1994-12-01
5. CONFEDERATION DEPOSITS AND LOANS LIMITED 1988-02-19 → 1989-04-17

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is fully funded by its parent undertaking, Nationwide Building Society. The Society has confirmed that it will continue to fund the Company's activities for the foreseeable future. The foreseeable future is considered for this purpose to be a period of not less than 12 months from the date of approval of the financial statements and it is therefore appropriate to continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. THE MORTGAGE WORKS (UK) PLC · parent
   1. Exeter Trust Limited 1% · United Kingdom · Dormant
   2. Confederation Mortgage Services Limited 1% · United Kingdom · Dormant

Significant events

• “The economic environment remains uncertain, with slower growth and elevated interest rates impacting landlords' finances. Government policy continues to evolve, including in response to these challenges, with consequential impacts for the UK economy. The geopolitical environment remains volatile with a range of global tensions and ongoing conflicts havin”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.