Mortgages First Ltd
Registered name: MORTGAGES FIRST LTD
Part of Mottram Topco Limited groupMortgages First Ltd made £4.4m revenue and £394k profit in the year to 31 Dec 2025.
Mortgages First Ltd’s revenue grew 7% to £4.4m in the year to 31 Dec 2025, with £394k profit and 67 employees. The company is classified under “activities of mortgage finance companies” and is based in Colchester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Colchester, East of England
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £3.9m | £4.1m | £4.4m |
| Operating profit | £1.1m | £26k | £424k |
| Profit before tax | — | £26k | £424k |
| Profit after tax | £1.1m | £26k | £394k |
| Profit (best available) | £1.1m | £26k | £394k |
| Employees (average) | 73 | 70 | 67 |
| Ratios | |||
| Profit margin | 27.6% | 0.6% | 9% |
| Revenue per employee | £53.1k | £58.3k | £65.3k |
| Profit per employee | £14.6k | £371 | £5.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲5.4% | ▲7.1% |
| Profit growth | — | ▼97.6% | ▲1415% |
| Headcount growth | — | ▼4.1% | ▼4.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £65.3k
- Revenue ÷ average employees.
- Profit per employee
- £5.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 67
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mottram Topco Limitedultimate parent75–100%
- Mottram Midco Limited75–100%
- Pivotal Growth Limited75–100%
- Group First Ltd75–100%
- Mortgages First Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Insurance First Brokers LtdRev. £1.9m · Profit £145k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £394k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.