INTERBAY ML, LTD

RELIANCE HOUSE, SUN PIER, CHATHAM, ENGLAND, ME4 4ET

Previous name: GOLFGLEN LIMITED (changed on 13-Feb-2007)

Company Number: 06038070
Incorporation date: 29-Dec-2006
Status: Active
Entity type: Private Limited Company

SIC codes:
64922 Activities of mortgage finance companies

SUMMARY

This company is 17.8 years old and is currently active. It is controlled by Interbay Funding, Ltd.. The company has positive equity (net assets) of GBP 77.9 million which has decreased from the previous year's figure of GBP 2.1 billion. The company has 5 active officers (directors or partners) who are or were officers of 40 other companies, 11 (27.5%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2025
Accounts Filed: FULL (31-Dec-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	GBP		46,200,000	6,200,000	38,500,000	-10,000,000
31-Dec-2018	GBP		39,304,000	874,000	26,882,000	7,635,000	32,543,000
31-Dec-2017	GBP		34,194,000	159,000	14,106,000	6,619,000	27,734,000
31-Dec-2016	GBP
31-Dec-2015	GBP	26,402,000	24,670,000	683,000	12,340,000		10,476,000
31-Dec-2014	GBP	13,738,000	11,103,000	566,000	6,208,000	662,000	4,799,000
31-Dec-2013	GBP	5,549,000	4,311,000	588,000	2,619,000	924,000	2,280,000
31-Dec-2012	GBP	4,725,692	1,438,852	438,070	2,468,547		-591,625
31-Dec-2011	GBP	5,274,932	2,304,045	777,173	7,704,855		-4,623,637
31-Dec-2010	GBP	5,910,134	2,171,429				-5,579,117

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	GBP		4,000,000	15,000,000		16,000,000		77,900,000
31-Dec-2018	GBP		4,755,857,000	3,981,000	1,716,320,000	2,112,000	33,444,000	2,112,000
31-Dec-2017	GBP		972,910,000	943,279,000		2,112,000	27,519,000	2,112,000
31-Dec-2016	GBP			648,540,000		2,112,000		2,112,000
31-Dec-2015	GBP		21,507,000	513,597,000		2,112,000		2,112,000
31-Dec-2014	GBP		22,657,000	331,346,000		2,112,000		2,112,000
31-Dec-2013	GBP	158,000	140,609,000	135,907,000		2,112,000		2,112,000
31-Dec-2012	GBP	258,073		64,031		2,222,999	614,303	129,760
31-Dec-2011	GBP			61,339,281		2,111,909	-22,677	2,089,232
31-Dec-2010	GBP	168	1,298,666	67,267,865		2,111,909	-10,399,040	-8,287,131

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2019	GBP	86.80%	13,888,000	2,112,000	16,000,000	867,216,000
31-Dec-2013	GBP	-5.26%	-110,999	2,222,999	2,112,000	1,959,463
31-Dec-2012	GBP	5.00%	111,090	2,111,909	2,222,999	2,038,418

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	Melanie MANN	02 Jun 2023	09 Oct 2024			1 - 0
Resigned	Nickesha GRAHAM-BURRELL	07 Dec 2016	02 Jun 2023			0 - 1
Resigned	Tatiana FELICIEN	19 Jun 2013	07 Dec 2016			0 - 1
Resigned	William Laurence HODSON	26 Sep 2008	19 Jun 2013	Accountant	British	0 - 25
Resigned	Brian Eric BOMSTEIN	13 Feb 2007	29 Aug 2008		Usa	0 - 5

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Neil Alan RICHARDSON	22 Aug 2024		Director	British	1 - 0	0 (0.0%)
Active	Adrian Thomas MOLONEY	02 Jan 2024		Group Intermediary Director	British	1 - 1	0 (0.0%)
Active	Leigh George CENTRACCHIO	02 Jan 2024		Group Credit Risk Strategy And Assurance Director	British	4 - 0	0 (0.0%)
Active	Jonathan Edward HALL	29 Jul 2022		Group Managing Director, Mortgages	British	8 - 18	3 (11.5%)
Resigned	Neil Alan RICHARDSON	12 May 2021	27 Jul 2022	Director	British	0 - 6	2 (33.3%)
Resigned	Richard WILSON	31 Jan 2019	20 Dec 2023	Chief Credit Officer	British	2 - 7	3 (33.3%)
Resigned	Andrew PARKES	17 Dec 2014	18 Jul 2019	Chief Operating Officer (Subsidiaries)	British	0 - 11	5 (45.5%)
Active	Clive David KORNITZER	17 Dec 2014		Director	British	8 - 19	12 (44.4%)
Resigned	John Patrick EASTGATE	18 Sep 2013	31 Jan 2019	Sales And Marketing Director	British	0 - 13	5 (38.5%)
Resigned	Neil Alan RICHARDSON	20 Mar 2013	18 Dec 2014	Director	British	0 - 15	4 (26.7%)
Resigned	Clive David KORNITZER	20 Mar 2013	18 Sep 2013	Director	British	0 - 1	0 (0.0%)
Resigned	Mark James PARRETT	01 Apr 2011	09 Apr 2021	Director	British	0 - 7	2 (28.6%)
Resigned	Tarun SHARMA	13 Dec 2010	29 Aug 2012	Private Equity	British	15 - 12	3 (11.1%)
Resigned	William Laurence HODSON	26 Sep 2008	08 Mar 2013	Accountant	British	0 - 25	4 (16.0%)
Resigned	Rory DUFF	29 Aug 2008	13 Dec 2010	Director	British	0 - 16	3 (18.8%)
Resigned	Neil Alan RICHARDSON	13 Mar 2008	10 Oct 2011	Director	British	0 - 15	4 (26.7%)
Resigned	Andrew MURRAY	13 Feb 2007	29 Aug 2008	General Manager	Us	0 - 2	0 (0.0%)
Resigned	David QUINT	13 Feb 2007	29 Aug 2008	Chief Operating Officer	American	0 - 3	1 (33.3%)
Resigned	Robert WEGNER	13 Feb 2007	29 Aug 2008	Chief Fin Officer And Senior V	American	0 - 2	1 (50.0%)
Resigned	Colin Alexander BELL	13 Feb 2007	18 Dec 2014	Ceo	British	0 - 8	3 (37.5%)
Resigned	Adrian Joseph Morris LEVY	29 Dec 2006	13 Feb 2007	Solicitor	British	2 - 1181	619 (52.3%)
Resigned	CLIFFORD CHANCE SECRETARIES LIMITED	29 Dec 2006	29 Aug 2008			0 - 1966	1131 (57.5%)
Resigned	David John PUDGE	29 Dec 2006	13 Feb 2007	Solicitor	British	3 - 960	496 (51.5%)

Number of active directors: 5
Average tenure of active directors: 2.7 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 11.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Neil Alan RICHARDSON	Adrian Thomas MOLONEY	Leigh George CENTRACCHIO	Jonathan Edward HALL	Clive David KORNITZER
PRESTIGE FINANCE LIMITED (01080632) - Active					✔
SWINGCASTLE LIMITED (01280136) - Dissolved					✔
CAVENHAM FINANCIAL SERVICES LIMITED (01975028) - Dissolved					✔
INTERMEDIARY MORTGAGE LENDERS ASSOCIATION (02264559) - Active		✔
MONTAGUE FINANCE LIMITED (02357872) - Active - Proposal to Strike off				✔
SAFFRON WALDEN PROPERTY DEVELOPMENTS LIMITED (02455568) - Active				✔
SAFFRON INDEPENDENT FINANCIAL ADVISERS LTD (02455573) - Active				✔
SAFFRON WALDEN PROPERTY SALES LIMITED (02455575) - Active				✔
SAFFRON WALDEN INVESTMENT SERVICES LIMITED (02455576) - Active				✔
CROCUS HOME LOANS LIMITED (02492014) - Active				✔
EQUITY RELEASE COUNCIL (02884568) - Active				✔
CHARCOL LIMITED (03397767) - Dissolved					✔
TRIGOLDCRYSTAL LIMITED (03598974) - Active - Proposal to Strike off					✔
@ CHARCOL LIMITED (03795361) - Dissolved					✔
JERSEY HOME LOANS LIMITED (04508389) - Active				✔
GUERNSEY HOME LOANS LIMITED (04508403) - Active				✔
STRIDE3 LIMITED (05565653) - Active					✔
INTERBAY FUNDING, LTD. (05595882) - Active			✔	✔	✔
5D FINANCE LIMITED (05694526) - Active			✔	✔	✔
INTER BAY FINANCIAL I LIMITED (05878146) - Active			✔	✔	✔
INTERBAY HOLDINGS LTD (05878379) - Active - Proposal to Strike off					✔
INTERBAY ASSET FINANCE LIMITED (05929676) - Active					✔
INTERBAY ML, LTD (06038070) - Active	✔	✔	✔	✔	✔
THE BRIDGING & DEVELOPMENT LENDERS ASSOCIATION LIMITED (06532248) - Active				✔
INTER BAY FINANCIAL II LIMITED (06672384) - Active - Proposal to Strike off					✔
CCFSG HOLDINGS LIMITED (06712054) - Active					✔
EXACT MORTGAGE EXPERTS LIMITED (06749563) - Active					✔
MONTAGUE BRIDGING LIMITED (07459300) - Active				✔
MONTAGUE PROPERTY FINANCE LIMITED (07459330) - Active				✔
MONTAGUE GROUP LIMITED (07460167) - Liquidation				✔
MONTAGUE FINANCIAL SOLUTIONS LIMITED (07514048) - Active				✔
TRANSITION 2 LIMITED (07543155) - Active				✔
MONTAGUE SECURED LOANS LIMITED (07735031) - Active				✔
KUFLINK HOME LOANS LIMITED (07817421) - Active				✔
INTERBAY GROUP HOLDINGS LIMITED (08068042) - Active - Proposal to Strike off					✔
IMPETUS4 LIMITED (08146756) - Dissolved					✔
MONTAGUE SECURED FINANCE LIMITED (08511441) - Active				✔
MONTAGUE SECURED LOANS GROUP LIMITED (08511802) - Liquidation				✔
MONTAGUE SECURED PROPERTY LIMITED (08734460) - Active				✔
MASTHAVEN LIMITED (09660012) - Active				✔
WSE BOURTON ROAD LIMITED (12431254) - Active				✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2015-12-29	2014-12-29	2013-12-29	2012-12-29	2011-12-29
INTERBAY FUNDING, LTD.	ORDINARY	2,111,909 100%	2,111,909 100%	2,111,909 100%	0 0%	0 0%
INTERBAY FUNDING, LTD	ORDINARY	0 0%	0 0%	0 0%	2,111,909 100%	2,111,909 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - >75%:Interbay Holdings Ltd - active
  >75%:Inter Bay Financial Ii Limited (06672384 - United Kingdom) active
>75%:Interbay Funding, Ltd. (05595882 - United Kingdom) active

Controlling entities above

INTERBAY ML, LTD

no controlled companies

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2024-01-01	2024-06-30	4	0%	0%	85492
2023-07-01	2023-12-31	5	0%	0%	78476
2023-01-01	2023-06-30	8	0%	0%	72000
2022-07-01	2022-12-31	7	0%	0%	65830
2022-01-01	2022-06-30	5	0%	0%	61358
2021-07-01	2021-12-31	5	0%	1%	54082
2021-01-01	2021-06-30	1	0%	0%	48261
2020-07-01	2020-12-31	1	0%	0%	41631
2020-01-01	2020-06-30	1	0%	0%	34697
2019-07-01	2019-12-31	1	0%	0%	27418
2019-01-01	2019-06-30	1	0%	0%	18703
2018-07-01	2018-12-31	1	0%	0%	10820
2018-01-01	2018-06-30	1	0%	0%	3694

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64922 Activities of mortgage finance companies)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ACCORD MORTGAGES LIMITED	YORKSHIRE HOUSE, YORKSHIRE DRIVE, BRADFORD, WEST YORKSHIRE, BD5 8LJ	02139881	2017-12-31	527,017,000	79,515,000
GODIVA MORTGAGES LIMITED	COVENTRY HOUSE HARRY WESTON ROAD, BINLEY, COVENTRY, ENGLAND, CV3 2TQ	05830727	2017-12-31	362,166,000	48,937,000
BRADFORD & BINGLEY PLC	5TH FLOOR CENTRAL SQUARE, 29 WELLINGTON STREET, LEEDS, ENGLAND, LS1 4DL	03938288	2018-03-31	296,800,000	259,400,000
NRAM LIMITED	5TH FLOOR CENTRAL SQUARE, 29 WELLINGTON STREET, LEEDS, ENGLAND, LS1 4DL	09655526	2018-03-31	276,800,000	227,700,000
AGRICULTURAL MORTGAGE CORPORATION P L C(THE)	KEENS HOUSE, ANTON MILL ROAD, ANDOVER, HAMPSHIRE, UNITED KINGDOM, SP10 2NQ	00234742	2017-12-31	105,474,000	31,386,000
INDEMNITY & GUARANTEE LIMITED	HERON TOWER, 110 BISHOPSGATE, LONDON, ENGLAND, EC2N 4AY	08471065	2018-03-31	89,311,204	0
INTERBAY ML, LTD	RELIANCE HOUSE, SUN PIER, CHATHAM, ENGLAND, ME4 4ET	06038070	2017-12-31	47,980,000	27,734,000
CAPITAL HOME LOANS LIMITED	ADMIRAL HOUSE, HARLINGTON WAY, FLEET, HAMPSHIRE, GU51 4YA	02174236	2017-12-31	36,633,000	3,009,000	64999-Financial intermediation not elsewhere classified
LANDMARK MORTGAGES LIMITED	ADMIRAL HOUSE, HARLINGTON WAY, FLEET, HAMPSHIRE, ENGLAND, GU51 4YA	03273685	2017-12-31	34,603,000	9,238,000
YORKSHIRE BANK HOME LOANS LIMITED	JUBILEE HOUSE, GOSFORTH, NEWCASTLE UPON TYNE, UNITED KINGDOM, NE3 4PL	01855020	2018-09-30	31,250,000	8,820,000
K T PARTNERSHIP LIMITED	98 STAFFORD ROAD, WALLINGTON, ENGLAND, SM6 9AY	07381930	2017-09-30	837,166	0
THE MORTGAGE STORE (IAN WILSON) LIMITED	64 GOLD STREET, KETTERING, NORTHAMPTONSHIRE, ENGLAND, NN16 8JB	09447172	2018-03-31	273,603	0
SECURED FUNDING LIMITED	C/O PRYDIS ACCOUNTS LTD, THE PARADE, LISKEARD, CORNWALL, ENGLAND, PL14 6AF	10698203	2018-03-31	259,498	0
GP FINANCE LTD	12 PROVIDENCE LANE, LONG ASHTON, BRISTOL, ENGLAND, BS41 9DQ	09246542	2018-03-31	174,812	0
DEVONFORTH LTD	BFC STADIUM, SEASIDERS WAY, BLACKPOOL, ENGLAND, FY1 6JJ	05411760	2017-12-31	147,247	0
LOLLYPOP PROPERTIES LIMITED	43 ST. DAVIDS DRIVE, ENGLEFIELD GREEN, EGHAM, ENGLAND, TW20 0BA	09411371	2019-01-31	116,463	0
T H MORTGAGE SOLUTIONS LIMITED	THE OLD GRANARY, DUNTON ROAD, LAINDON, ESSEX, UNITED KINGDOM, SS15 4DB	08003614	2018-03-31	101,766	0
GREENTREE FINANCIAL PLANNING LTD	FLINT COTTAGE, SAWYERS LANE, SUTON, WYMONDHAM, UNITED KINGDOM, NR18 9JH	09489587	2018-03-31	79,222	0
ABEL FINANCIAL SERVICES LTD	2 REDCOTE PLACE, DORKING, SURREY, ENGLAND, RH4 1PE	09454460	2018-02-28	44,703	0
LEWIS BENJAMIN LTD	GREENACRES, 46 FERRY ROAD, BARROW-UPON-HUMBER, ENGLAND, DN19 7BA	07371734	2018-09-30	36,180	0
PAS FINANCIAL AND MORTGAGE SOLUTIONS LIMITED	28 ASHLEY ROAD, WESTCOTT, DORKING, SURREY, ENGLAND, RH4 3QJ	05115189	2018-04-30	17,283	0
CORNERSTONE WEALTH LIMITED	85 ROCHESTER ROW, WESTMINSTER, LONDON, UNITED KINGDOM, SW1P 1LJ	09593253	2019-05-31	11,737	0
JO JONES FINANCIAL SERVICES LIMITED	217 CITY ROAD, EDGBASTON, BIRMINGHAM, WEST MIDLANDS, UNITED KINGDOM, B16 0PU	10046329	2018-03-31	11,299	0
CHRIS CHANCE LTD	THE BEECHES, MILL LANE, SCAMBLESBY, LOUTH, LINCOLNSHIRE, LN11 9XP	08436461	2019-03-31	0	0
FORTUNE INVESTMENT GROUP LIMITED	ALBION HOUSE, 86 LONDON STREET, READING, ENGLAND, RG1 4SJ	09815075	2018-10-31	0	0
MORTGAGE & PROTECTION SOLUTIONS LIMITED	15 BOLTONS LANE, BINFIELD, BRACKNELL, BERKSHIRE, ENGLAND, RG42 4UA	08507660	2019-03-31	0	0
PDJ LIMITED	FIFTH FLOOR, 11 LEADENHALL STREET, LONDON, UNITED KINGDOM, EC3V 1LP	10050672	2018-03-31	0	0
XCEL INVESTIGATIONS LTD.	CAIRDEAS, BARRHILL CRESCENT, KILBARCHAN, PA10 2EU	SC239099	2018-11-30	0	0
INTER BAY FINANCIAL II LIMITED	RELIANCE HOUSE, SUN PIER, CHATHAM, ENGLAND, ME4 4ET	06672384	0000-00-00	0	0
INTERBAY FUNDING, LTD.	RELIANCE HOUSE, SUN PIER, CHATHAM, ENGLAND, ME4 4ET	05595882	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
INTERBAY ML, LTD	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	0.9%	3.6%	5.6%	Medium


Age	0.4%	1.7%	3.3%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium