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WEST BROMWICH MORTGAGE COMPANY LIMITED
2 PROVIDENCE PLACE, WEST BROMWICH, B70 8AFCompany Number: 02773114
Incorporation date: 11-Dec-1992
Status: Active
Entity type: Private Limited Company
SIC codes:
64192 Building societies
SUMMARY
This company is 31.3 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -12 million which has worsened since the previous year's figure of GBP -10.8 million. The latest reported revenue figure is GBP 79 thousand which is down -90% on the previous year. The company has 3 active officers (directors or partners) who are or were officers of 3 other companies. The company has no public disputes filed on the Business Disputes Register. There are 3 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Dec-2024Accounts Filed: FULL (31-Mar-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Mar-2020 | GBP | 79,000 | 1,809,000 | 25,865,000 | 23,521,000 | -1,575,000 | -1,148,000 |
31-Mar-2019 | GBP | 646,000 | 2,111,000 | 27,045,000 | 24,279,000 | 170,000 | 896,000 |
31-Mar-2018 | GBP | 759,000 | 4,319,000 | 26,389,000 | 21,447,000 | 1,549,000 | 3,110,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Mar-2020 | GBP | 1,620,000 | 22,857,000 | 5,500,000 | -11,974,000 | ||||
31-Mar-2019 | GBP | 1,674,000 | 20,382,000 | 4,530,000 | -10,826,000 | ||||
31-Mar-2018 | GBP | 1,952,000 | 28,011,000 | 7,896,000 | -10,928,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Sarah Louise PENNELLS | 06 Jun 2019 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Ajwinder Singh MANN | 28 Nov 2012 | 30 May 2019 | 0 - 1 | ||
Resigned | Susan Lyn BARTLEET-CROSS | 29 Apr 2009 | 28 Nov 2012 | 0 - 18 | ||
Resigned | Simon Edward WELCH | 13 Mar 2006 | 20 Feb 2009 | 0 - 17 | ||
Resigned | James Daniel FERRIS | 19 Oct 2004 | 13 Mar 2006 | 0 - 6 | ||
Resigned | Peter Charles DAVIES | 20 Jul 2004 | 19 Oct 2004 | 0 - 5 | ||
Resigned | Stephen Ashley KARLE | 01 Aug 1995 | 20 Jul 2004 | Building Society Officer/Sol | British | 0 - 30 |
Resigned | John Michael Anthony PRICE | 11 Dec 1992 | 01 Aug 1995 | 0 - 8 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Martin BOYLE | 04 Apr 2023 | Chief Operating Officer | British | 3 - 0 | 0 (0.0%) | |
Active | Alexander Shaun PAWLEY | 02 Jan 2020 | Chief Financial Officer | British | 3 - 0 | 0 (0.0%) | |
Resigned | Mahomed Ashraf PIRANIE | 31 Mar 2017 | 31 Dec 2022 | Director | British | 4 - 15 | 4 (21.1%) |
Active | Jonathan WESTHOFF | 31 Mar 2017 | Chief Financial Officer | British | 4 - 0 | 0 (0.0%) | |
Resigned | James Roy Babington WRIGHT | 03 Dec 2014 | 18 May 2017 | Director | British | 0 - 4 | 1 (25.0%) |
Resigned | Stephen John SMART | 17 Apr 2014 | 04 May 2017 | Operations Director | British | 0 - 8 | 3 (37.5%) |
Resigned | Andrew Peter CONROY | 24 Jun 2013 | 24 Jul 2014 | Director | British | 1 - 9 | 6 (60.0%) |
Resigned | Peter Mallet SOUTHCOTT | 12 Sep 2011 | 31 Mar 2013 | Director | British | 1 - 5 | 1 (16.7%) |
Resigned | Paul MARLAND | 15 Feb 2007 | 11 Apr 2007 | Sales Director | British | 2 - 3 | 1 (20.0%) |
Resigned | Paul David FIELD | 20 Jul 2004 | 17 Apr 2014 | Director | British | 0 - 7 | 2 (28.6%) |
Resigned | David Michael MACKAY | 20 Jul 2004 | 03 Oct 2006 | Managing Director | British | 2 - 7 | 3 (33.3%) |
Resigned | Peter Charles DAVIES | 20 Jul 2004 | 28 May 2010 | Manager | British | 0 - 5 | 2 (40.0%) |
Resigned | Roger David SMITH | 10 Feb 2003 | 16 Apr 2009 | Executive | British | 0 - 12 | 7 (58.3%) |
Resigned | Anthony Ronald DUBBERLEY | 08 Aug 2002 | 20 Jul 2004 | Building Society Executive Gen | British | 1 - 7 | 3 (37.5%) |
Resigned | Thomas Michael LYNCH | 08 Aug 2002 | 02 Jan 2020 | Building Society Executive | British | 0 - 9 | 3 (33.3%) |
Resigned | David Thomas JOHNSTON | 08 Aug 2002 | 20 Jul 2004 | Building Society Executive Gen | British | 0 - 5 | 4 (80.0%) |
Resigned | Gary Terence COWDRILL | 30 Sep 1998 | 21 Apr 2004 | Accountant | British | 7 - 15 | 9 (40.9%) |
Resigned | Phillip Andrew LEE | 15 Jun 1998 | 08 Aug 2002 | Finance Director | British | 0 - 11 | 5 (45.5%) |
Resigned | Simon Charles KINGDON | 29 Feb 1996 | 30 Nov 1997 | Cd/Chartered Acc | British | 1 - 88 | 66 (74.2%) |
Resigned | Andrew MESSENGER | 01 Aug 1995 | 08 Aug 2002 | Building Society Executive | British | 0 - 15 | 9 (60.0%) |
Resigned | John Richard Charles SAYERS | 25 Jan 1995 | 01 Aug 1995 | Company Director | British | 2 - 15 | 5 (29.4%) |
Resigned | Glenn William ELLIOT | 11 Dec 1992 | 01 Aug 1995 | Building Society Executive | British | 0 - 4 | 2 (50.0%) |
Resigned | John Anthony SPITTLE | 11 Dec 1992 | 22 Jul 1998 | Chartered Surveyor | British | 0 - 6 | 3 (50.0%) |
Resigned | John Derek BAKER | 11 Dec 1992 | 25 Sep 1995 | Chartered Accountant | British | 4 - 16 | 6 (30.0%) |
Resigned | Michael David BROWN | 11 Dec 1992 | 01 Aug 1995 | Engineer | British | 0 - 18 | 9 (50.0%) |
Resigned | John Michael Anthony PRICE | 11 Dec 1992 | 01 Aug 1995 | Buildings Society | British | 0 - 8 | 4 (50.0%) |
Resigned | Samuel CENEY | 11 Dec 1992 | 01 Aug 1995 | Property Developers | British | 0 - 7 | 5 (71.4%) |
Resigned | Raymond Geoffrey DICKINSON | 11 Dec 1992 | 01 Aug 1995 | Chartered Accountant | British | 1 - 9 | 3 (30.0%) |
Average tenure of active directors: 4.1 years
Average tenure of resigned directors: 4.0 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
||||
---|---|---|---|---|
WEST BROMWICH MORTGAGE COMPANY LIMITED (02773114) - Active | ✔ | ✔ | ✔ | |
INSIGNIA FINANCE LIMITED (06101852) - Active | ✔ | ✔ | ✔ | |
WHITE LABEL LENDING LIMITED (06276025) - Active | ✔ | ✔ | ✔ | |
WEST BROMWICH BUILDING SOCIETY FOUNDATION (14541597) - Active | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-12-11 | 2014-12-11 | 2013-12-11 | 2012-12-11 | 2011-12-11 | ||
WEST BROMWICH BUILDING SOCIETY | ORDINARY | 1 100% | 1 100% | 1 100% | 1 100% | 1 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
WEST BROMWICH MORTGAGE COMPANY LIMITED
Controlled companies below
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
Date | Title | Reference | Subject |
---|---|---|---|
2016-06-08 | Alexander (representative of the "Property118 Action Group") v West Bromwich Mortgage Company Ltd | [2016] EWCA Civ 496 | |
2015-01-29 | Alexander v West Bromwich Mortgage Company Ltd | [2015] EWHC 135 (Comm) | |
2015-01-29 | Alexander v West Bromwich Mortgage Company Ltd | [2015] EWHC 135 (Comm) |
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
64192 Building societies)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
ICICI BANK UK PLC | ONE, THOMAS MORE SQUARE, LONDON, ENGLAND, E1W 1YN | 04663024 | 2018-03-31 | 65,018,750 | -19,959,375 | |
MAROON INVESTMENTS LIMITED | 210 SHEPHERDS BUSH ROAD 15 CAMBRIDGE COURT, 210 SHEPHERDS BUSH ROAD, LONDON, ENGLAND, W6 7NJ | 09935737 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
WEST BROMWICH MORTGAGE COMPANY LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |