MORTGAGES FIRST LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-25 (in 5mo)
Last made up 2025-10-11
Watchouts
None on the register
Cash
£168K
-64.7% vs 2023
Net assets
£52K
+100% vs 2023
Employees
70
-4.1% vs 2023
Profit before tax
—
Period ending 2024-12-31
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 | £3,873,000 | £4,082,000 | |
| Operating profit | £1,069,000 | £26,000 | |
| Profit before tax | — | — | |
| Net profit | £1,069,000 | £26,000 | |
| Cash | £476,000 | £168,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £26,000 | £52,000 | |
| Equity | £26,000 | £52,000 | |
| Average employees | 73 | 70 | |
| Wages | £1,960,000 | £2,069,000 | |
| Directors' remuneration | £96,320 | £96,320 |
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
+5.4%
£3,873,000 £4,082,000
-
Cash
-64.7%
£476,000 £168,000
-
Net assets
+100%
£26,000 £52,000
-
Employees
-4.1%
73 70
-
Operating profit
-97.6%
£1,069,000 £26,000
-
Wages
+5.6%
£1,960,000 £2,069,000
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 | 27.6% | 0.6% | |
| Net margin | 27.6% | 0.6% | |
| Gearing (liabilities / total assets) | 98.6% | 94.1% | |
| Current ratio | 1.24x | 1.80x |
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.
Name history
Renamed 1 time since incorporation
- MORTGAGES FIRST LTD 2010-01-05 → present
- ELMS PRICE MASTON MORTGAGE SERVICES LIMITED 2006-10-11 → 2010-01-05
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Bishop Fleming Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the Directors consider that due consideration has been given, accounting for potential risks and market challenges, and conclude that it continues to be appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “Operating Profit and EBITDA are not comparable as they were impacted in 2023 by a one-off intercompany loan write off (£23k loss in 2023 without this write off with an improvement in 2024 driven by the stronger revenue activity).”
- “During the period, the Directors have updated the estimate of the likely liability in relation to lapses, which has reduced the amount provided by £5k.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUSH, Ian Michael | Director | 2006-10-11 | Aug 1967 | British |
| GIBSON, Jeremy Paul | Director | 2024-03-20 | May 1973 | British |
| PRAKASH, Mayank | Director | 2025-10-21 | Jan 1973 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSH, Ian | Secretary | 2013-10-10 | 2016-02-18 |
| COVERDALE, Carole | Secretary | 2006-10-11 | 2013-10-10 |
| FITZGERALD, Sapna Bedi | Secretary | 2016-02-18 | 2023-01-12 |
| BISSET, Peter | Director | 2021-09-20 | 2023-01-12 |
| BUCK, Helen Elizabeth | Director | 2019-04-16 | 2021-09-01 |
| COVERDALE, Carole | Director | 2006-10-11 | 2016-02-18 |
| DEEKS, Andrew William | Director | 2021-09-20 | 2023-01-12 |
| EMBLEY, Simon David | Director | 2023-01-12 | 2025-10-21 |
| HENDERSON, Thomas Graeme | Director | 2012-07-01 | 2013-11-29 |
| MASTON, Paul Russell | Director | 2006-10-11 | 2019-02-15 |
| MCAULEY, James Charles | Director | 2019-04-16 | 2021-09-01 |
| MEGEE, Ian Philip | Director | 2012-07-01 | 2013-11-29 |
| PARTRIDGE, Stephen James | Director | 2006-10-11 | 2022-01-19 |
| ROBERTS, Beverley Anne | Director | 2012-07-01 | 2013-11-29 |
| ROUND, Jonathan Pearson | Director | 2019-04-16 | 2021-12-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Group First Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-08 MA Memorandum articles
- 2026-01-08 RESOLUTIONS Resolution
- 2025-12-27 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-25 | CH01 | officers | Change person director company with change date | |
| 2026-03-25 | CH01 | officers | Change person director company with change date | |
| 2026-01-08 | MA | incorporation | Memorandum articles | |
| 2026-01-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-16 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.