FIRST MORTGAGE DIRECT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-14 (in 10mo)
Last made up 2026-02-28
Watchouts
None on the register
Cash
£98K
+58.1% vs 2023
Net assets
£4M
-55.5% vs 2023
Employees
223
0% vs 2023
Profit before tax
£6M
+18.4% 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 | £22,650,000 | £27,409,000 | |
| Operating profit | £5,186,000 | £6,212,000 | |
| Profit before tax | £5,373,000 | £6,363,000 | |
| Net profit | £4,157,000 | £4,799,000 | |
| Cash | £62,000 | £98,000 | |
| Total assets less current liabilities | £10,701,000 | £5,164,000 | |
| Net assets | £9,303,000 | £4,137,000 | |
| Equity | £9,303,000 | £4,137,000 | |
| Average employees | 223 | 223 | |
| Wages | £9,789,000 | £11,547,000 | |
| Directors' remuneration | £181,000 | £295,000 |
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
+21%
£22,650,000 £27,409,000
-
Cash
+58.1%
£62,000 £98,000
-
Net assets
-55.5%
£9,303,000 £4,137,000
-
Employees
0%
223 223
-
Operating profit
+19.8%
£5,186,000 £6,212,000
-
Profit before tax
+18.4%
£5,373,000 £6,363,000
-
Wages
+18%
£9,789,000 £11,547,000
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 | 22.9% | 22.7% | |
| Net margin | 18.4% | 17.5% | |
| Return on capital employed | 48.5% | 120.3% | |
| Gearing (liabilities / total assets) | 40.5% | 64.2% | |
| Current ratio | 2.53x | 1.37x | |
| Interest cover | 110.34x | 147.90x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the results of the financial modelling, the Directors expect that the Company will be able to continue in operation and meet its liabilities as they fall due over the 12 months from the date of approval of the financial statements.”
Group structure
- FIRST MORTGAGE DIRECT LIMITED · parent
- Property Law Centre Limited 100%
- First Mortgage Limited 100%
- First Mortgages Limited 100%
- Fresh Start Finance Limited 100%
- First Mortgaqge Shop Limited 100%
Significant events
- “Mortgage Advice Bureau Ltd exercised its option to purchase the remaining 20% of the share capital of the Company, and is now a wholly owned subsidiary.”
- “On 21 March 2025, the Company purchased 100% of the shareholding in Lucra Mortgages Limited for initial consideration of £0.3m with deferred consideration of up to £0.3m contingent on the achievement of certain performenace targets.”
- “In May 2025, the Company declared and paid a dividend of £4.0m to its immediate parent company, Mortgage Advice Bureau Limited.”
- “On 3 April 2025, the Company acquired a further 12% of M & R FM Limited for a consideration of £1.2m, bringing its total stake to 49%.”
- “On 15 September 2025, the Company aquired an additional 15% interest in M&R FM Ltd for cash consideration of £1.4m, increasing its holding from 49% to 64%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODNICKI, Peter Christopher Steven | Director | 2019-07-02 | May 1962 | British |
| BURGAUD MCCARTHY, Emilie Nadia Marcelline | Director | 2024-06-18 | Dec 1980 | French |
| MCGRAIL, Ian Robert | Director | 2019-07-02 | Sep 1979 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCGRAIL, Robert Lawrence | Secretary | 1997-05-21 | 2019-07-02 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1997-05-21 | 1997-05-21 |
| HOMAN, Paul | Director | 2000-09-15 | 2003-03-14 |
| MCGRAIL, Ian Robert | Director | 2005-03-01 | 2019-07-02 |
| MCGRAIL, Robert Lawrence | Director | 1997-05-21 | 2019-07-02 |
| THOMPSON, Benjamin David | Director | 2019-07-02 | 2025-12-31 |
| TILLEY, Lucy Claire | Director | 2019-07-02 | 2024-06-07 |
| WOODS, Frederick James | Director | 1997-05-21 | 2005-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mortgage Advice Bureau Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-02 | Active |
| Mr Ian Robert Mcgrail | Individual | Shares 25–50%, Voting 25–50% | 2016-07-11 | Ceased 2019-07-02 |
| Mr Robert Lawrence Mcgrail | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-07-02 |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-04-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-01 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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.