MORTGAGES PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-24 (in 6mo)
Last made up 2025-11-10
Watchouts
None on the register
Cash
£2M
-18.6% vs 2023
Net assets
£7M
-22.9% vs 2023
Employees
—
Average over period
Profit before tax
-£3M
-128.3% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,541,000 | £2,178,000 | |
| Operating profit | -£1,068,000 | -£2,580,000 | |
| Profit before tax | -£1,196,000 | -£2,731,000 | |
| Net profit | -£897,000 | -£2,048,000 | |
| Cash | £2,724,000 | £2,218,000 | |
| Total assets less current liabilities | £8,961,000 | £6,913,000 | |
| Net assets | £8,961,000 | £6,913,000 | |
| Equity | £8,961,000 | £6,913,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | £113,000 | £187,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-14.3%
£2,541,000 £2,178,000
-
Cash
-18.6%
£2,724,000 £2,218,000
-
Net assets
-22.9%
£8,961,000 £6,913,000
-
Employees
—
Not reported
-
Operating profit
-141.6%
-£1,068,000 -£2,580,000
-
Profit before tax
-128.3%
-£1,196,000 -£2,731,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -42.0% | -118.5% | |
| Net margin | -35.3% | -94.0% | |
| Return on capital employed | -11.9% | -37.3% | |
| Gearing (liabilities / total assets) | 27.9% | 38.7% | |
| Current ratio | 2.38x | 1.48x | |
| Interest cover | -8.34x | -17.09x |
Margins divide P&L lines by turnover. 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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis, and have, for a period of 12 months from the date of approval of the annual report, a reasonable expectation that the Company will continue in operational existence and have sufficient resources to meet its liabilities as they fall due.”
Group structure
- MORTGAGES PLC · parent
- Wave Lending Limited 100%
- Mortgages 1 Limited 100%
- Mortgages 2 Limited 100%
- Mortgages 3 Limited 100%
- Mortgages 4 Limited 100%
- Mortgages 5 Limited 100%
- Mortgages 6 Limited 100%
- Mortgages 7 Limited 100%
Significant events
- “There have been no significant events affecting the Company since the year end which would have impacted the financial position of the Company if retrospectively applied.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MERRILL LYNCH CORPORATE SERVICES LIMITED | Corporate Secretary | 2005-06-22 | — | — |
| BALTES, Matthias | Director | 2023-04-25 | Aug 1977 | German |
| SADARANGANI, Dinesh Bhagwan | Director | 2023-11-01 | Apr 1967 | Chinese |
| SINGH, Snigdha | Director | 2023-07-21 | Feb 1979 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOLEY, Timothy John | Secretary | 2003-04-30 | 2005-06-22 |
| NEWMAN, David Allan | Secretary | 1998-04-01 | 2000-09-29 |
| WILSON, Dereck | Secretary | 2000-09-29 | 2003-04-30 |
| WINEMAN, Vivian | Secretary | 1997-02-19 | 1998-03-31 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1997-02-19 | 1997-02-19 |
| ACHESON, William Brian | Director | 2007-08-16 | 2008-07-21 |
| BEAUMONT, Peter Charles | Director | 2002-05-16 | 2008-04-30 |
| BUTLER, Frank Anthony | Director | 1997-02-19 | 2001-12-21 |
| COOLEY, Timothy John | Director | 2003-02-18 | 2008-05-01 |
| DEFAUX, Olivier Benoit | Director | 2007-08-17 | 2008-03-18 |
| FARR, David Brian | Director | 2008-07-28 | 2009-03-25 |
| GOULD, Paul Anthony | Director | 2005-11-18 | 2008-07-08 |
| GREEN, Sarah Eileen | Director | 2014-07-11 | 2021-02-26 |
| HOWARD, Paul Daniel | Director | 2000-09-05 | 2001-12-18 |
| KORAT, Cyrus Mohan | Director | 2008-06-04 | 2008-11-24 |
| MARKS, Daniel Thomas | Director | 2009-07-14 | 2020-05-14 |
| MARKS, Paul Phillip | Director | 1997-02-19 | 2000-05-31 |
| MEECHAN, Hugh | Director | 2004-06-10 | 2014-07-11 |
| MENDIVIL, Manuel Borrachero | Director | 2008-06-26 | 2008-12-20 |
| MIGLIARA, Martin Charles | Director | 2020-09-30 | 2023-01-12 |
| NEWMAN, David Allan | Director | 1997-02-19 | 2000-05-31 |
| O'FLYNN, Peter Stuart | Director | 2021-02-26 | 2023-04-25 |
| PACE, Daniel Graham | Director | 2007-08-16 | 2008-01-08 |
| PEARSON, Keith Lindsay | Director | 2009-11-04 | 2013-04-22 |
| POTHECARY, Trevor John | Director | 1997-02-19 | 2008-09-03 |
| PURVES, William | Director | 2004-10-15 | 2013-11-08 |
| ROSS, George William Aird | Director | 2014-08-15 | 2016-12-16 |
| SCHUSTER, John Peter | Director | 1997-08-04 | 1998-07-06 |
| SHAH, Naveed | Director | 2022-12-21 | 2023-08-03 |
| SPINKS, Richard | Director | 2008-10-30 | 2009-11-30 |
| TAYLOR, Jennifer Mary | Director | 2020-05-14 | 2020-10-02 |
| THOMAS, Paul James | Director | 1997-11-01 | 2004-03-31 |
| WHITTAKER, Ian | Director | 2007-09-11 | 2008-07-28 |
| WILSON, Dereck | Director | 2000-09-05 | 2003-03-31 |
| WRIGHT, John Edward | Director | 2005-01-10 | 2008-06-13 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Director | 1997-02-19 | 1998-04-28 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1997-02-19 | 1997-02-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bank Of America Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-09-01 | Active |
| Mortgage Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-09-01 |
Filing timeline
Last 20 of 201 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-06 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-17 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-05 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-23 | SH01 | capital | Capital allotment shares | |
| 2022-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-06 | AA | accounts | Accounts with accounts type full | |
| 2022-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-24 | AA | accounts | Accounts with accounts type full | |
| 2021-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.