The Mortgage Lender Limited
Registered name: THE MORTGAGE LENDER LIMITED
Part of Shawbrook Group PLC groupThe Mortgage Lender Limited made £48.9m revenue and £12m profit in the year to 31 Dec 2023.
The Mortgage Lender Limited’s revenue grew 58% to £48.9m in the year to 31 Dec 2023, with £12m profit and 231 employees. The company is classified under “activities of mortgage finance companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 12 yrs · since 2014
- 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 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £30.9m | £48.9m |
| Cost of sales | £10.5m | £10.4m |
| Gross profit | £20.4m | £38.5m |
| Operating profit | £86.6k | £15.6m |
| Profit before tax | £65k | £15.8m |
| Profit after tax | −£29.7k | £12m |
| Profit (best available) | −£29.7k | £12m |
| Employees (average) | 195 | 231 |
| Ratios | ||
| Profit margin | −0.1% | 24.6% |
| Gross margin | 66.1% | 78.8% |
| Revenue per employee | £158k | £212k |
| Profit per employee | −£152 | £52.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲58.4% |
| Headcount growth | — | ▲18.5% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £4.1m | £1.7m |
| Net assets | £3.2m | £15.3m |
| Fixed assets | £461k | £1.3m |
| Current assets | £8.5m | £20.3m |
| Debtors | £173k | £16.8m |
| Deferred income | £851k | £596k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 24.6%
- Profit ÷ revenue.
- Gross margin
- 78.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £212k
- Revenue ÷ average employees.
- Profit per employee
- £52.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 34.4%
- 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
- ▲374%
- Now £15.3m
- Cash at bank
- ▼58%
- Now £1.7m
- Headcount
- ▲18%
- Now 231
- Deferred income
- ▼30%
- Now £596k
- Fixed assets
- ▲189%
- Now £1.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Shawbrook Group PLCultimate parent75–100%
- Shawbrook Bank Limited75–100%
- The Mortgage Lender Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (11)
- Centric SPV 1 Ltd.Figures not disclosed
- Coachlease LimitedFigures not disclosed
- Hermes Group LimitedFigures not disclosed
- Imployapp LimitedFigures not disclosed
- JBR Capital LimitedFigures not disclosed
- Link Loans LimitedFigures not disclosed
- Resource Partners SPV LimitedFigures not disclosed
- Singer & Friedlander Commercial Finance LimitedFigures not disclosed
- Singers Corporate Asset Finance LimitedFigures not disclosed
- Singers Healthcare Finance LimitedFigures not disclosed
- Thincats Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £12m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.