MORTGAGE BRAIN HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The cashflow forecasts illustrate that this covenant will be breached for the period to 31 March 2025 and will continue to be in breach in the year to 31 March 2026 as the Group completes its investment in the product portfolio. However, the cash flow forecasts also illustrate that the Group can fund the servicing of all loans from existing cash balances and then from profits as the Group reaps the benefits of delivery of the new products brought to market. Whilst breach of covenants can lead to the loan being repayable on demand, based upon conversations with the lending bank, the Directors are confident that the bank will not require the CBIL loan to be repaid other than materially in accordance with the cash flow forecasts.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +7.1%

  £13,099,649 → £14,030,062

• Cash

  -22.8%

  £5,426,655 → £4,188,714

• Net assets

  -14.8%

  £6,323,209 → £5,384,378

• Employees

  -4.3%

  115 → 110

• Operating profit

  -0.4%

  -£1,129,406 → -£1,133,523

• Profit before tax

  +14%

  -£1,318,563 → -£1,133,958

• Wages

  +5.3%

  £7,741,698 → £8,149,579

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

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.

1. MORTGAGE BRAIN HOLDINGS LIMITED 2012-11-13 → present
2. MBL HOLDINGS LIMITED 1999-12-02 → 2012-11-13

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Coveney Nicholls Partnership LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The cashflow forecasts illustrate that this covenant will be breached for the period to 31 March 2025 and will continue to be in breach in the year to 31 March 2026 as the Group completes its investment in the product portfolio. However, the cash flow forecasts also illustrate that the Group can fund the servicing of all loans from existing cash balances and then from profits as the Group reaps the benefits of delivery of the new products brought to market. Whilst breach of covenants can lead to the loan being repayable on demand, based upon conversations with the lending bank, the Directors are confident that the bank will not require the CBIL loan to be repaid other than materially in accordance with the cash flow forecasts.”

Group structure

1. MORTGAGE BRAIN HOLDINGS LIMITED · parent
   1. Mortgage Brain Limited 1%
   2. MBL Financial Services Limited 1%
   3. Premier Processing Services Limited 1%
   4. The Mortgage Trading Exchange Limited 1%
   5. Mortgagestream Limited 1%
   6. AE3 Media Limited 1%
   7. Criteria Hub Limited 1%
   8. Mortgage Engine Limited 1%
   9. Mister Broker Limited 1% · Dublin

Significant events

• “In September 2025 the Company received dividends from three of its subsidiaries totalling £1,987,294.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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