NRAM LIMITED

THE WATERFRONT, SALTS MILL ROAD, SHIPLEY, BD17 7EZ

Previous name: NRAM (NO. 1) LIMITED (changed on 18-Jul-2016)

Company Number: 09655526
Incorporation date: 24-Jun-2015
Status: Active
Entity type: Private Limited Company

SIC codes:
64922 Activities of mortgage finance companies





SUMMARY

This company is 8.8 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 124 million which has decreased from the previous year's figure of GBP 124 million. The latest reported revenue figure is GBP 31.5 million which is down -90% on the previous year. The company has 5 active officers (directors or partners) who are or were officers of 22 other companies. The company has no public disputes filed on the Business Disputes Register. There are 4 court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: GROUP (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2019 GBP 31,500,000 65,300,000 400,000 84,300,000
25-Jun-2018 GBP 276,800,000 332,600,000 63,000,000 227,700,000
01-Apr-2018 GBP 241,400,000 298,700,000 69,900,000 251,200,000
03-Jul-2017 GBP 320,200,000 412,000,000 68,400,000 305,500,000
31-Mar-2016 GBP


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2019 GBP 178,000,000 124,000,000 275,900,000 124,000,000
25-Jun-2018 GBP 455,200,000 124,000,000 15,900,000 4,721,100,000 124,000,000
01-Apr-2018 GBP 430,200,000 124,000,000 47,500,000 4,957,800,000 124,000,000
03-Jul-2017 GBP 700,500,000 124,000,000 3,263,500,000 1,301,900,000 124,000,000
31-Mar-2016 GBP 0 0 0

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
03-Jul-2017 GBP 100.00% 3,387,500,000 8 3,387,500,008 1,343,500,008
* 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 Claire Louise CRAIGIE 01 Jan 2021 28 Mar 2024 1 - 0
Resigned John GORNALL 24 Jun 2015 01 Jan 2021 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Martin Andrew SCOTT 01 Nov 2021 Finance Director British 5 - 00 (0.0%)
Active Matthew GILMOUR 01 Nov 2021 Company Director British 5 - 00 (0.0%)
Active Mark WOULDHAVE 01 Apr 2021 Managing Director British 14 - 21 (6.3%)
Resigned Holger Randolph VIETEN 31 Jul 2018 29 Oct 2021 Head Of Banking And Capital Markets British,German 2 - 30 (0.0%)
Active Brendan John RUSSELL 27 Jun 2017 Company Director British 2 - 30 (0.0%)
Resigned Peter John NORTON 06 Apr 2017 03 Jul 2018 Government Employee British 0 - 40 (0.0%)
Active Brendan Paul MCDONAGH 06 Jun 2016 Non-Executive Director Irish 2 - 20 (0.0%)
Resigned Susan Carol LANGLEY 21 Mar 2016 29 Oct 2021 Non-Executive Director British 0 - 10 (0.0%)
Resigned Richard Alan PYM 21 Mar 2016 26 Jul 2016 Chairman British 0 - 20 (0.0%)
Resigned Michael Kent ATKINSON 21 Mar 2016 05 Jun 2016 Non-Executive Director English,Brazilian 0 - 152 (13.3%)
Resigned David Benjamin LUNN 21 Mar 2016 28 Feb 2017 Non-Executive Director British 0 - 40 (0.0%)
Resigned John Hartley TATTERSALL 21 Mar 2016 29 Oct 2021 Non Executive Director British 2 - 20 (0.0%)
Resigned Keith Charles William MORGAN 21 Mar 2016 29 Oct 2021 Non-Executive Director British 4 - 305 (14.7%)
Resigned Michael Donal BUCKLEY 21 Mar 2016 27 Jun 2017 Self Employed Company Director And Adviser Irish 0 - 60 (0.0%)
Resigned David Benjamin LUNN 21 Mar 2016 28 Feb 2017 Non-Executive Director British 0 - 50 (0.0%)
Resigned Ian John HARES 24 Jun 2015 29 Oct 2021 Director British 1 - 8349 (58.3%)
Resigned Richard Lee BANKS 24 Jun 2015 05 Jun 2016 Director British 9 - 4211 (21.6%)
Number of active directors: 5
Average tenure of active directors: 4.5 years
Average tenure of resigned directors: 2.7 years
Average active director Dissolution Rate: 1.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
MORTGAGE EXPRESS (NO. 2) (00891681) - Active
BRADFORD & BINGLEY PENSIONS LIMITED (00908979) - Active
R.C.G.P. SUPERANNUATION FUND TRUST COMPANY LIMITED (01177527) - Active
HSMS (01192730) - Active
LEAMINGTON MORTGAGE CORPORATION LIMITED (02066450) - Active
NRAM (NO.2) LIMITED (02190427) - Active
FINANCE FOR MORTGAGES LIMITED (02220176) - Active
SCOTLIFE HOME LOANS (NO.2) LIMITED (02220177) - Active
NRAM HOMES LIMITED (02306045) - Active
SILHOUETTE MORTGAGES LIMITED (02356078) - Active
BRADFORD & BINGLEY MORTGAGE MANAGEMENT LIMITED (02405306) - Active
BRADFORD & BINGLEY HOMELOANS LIMITED (02405307) - Active
MORTGAGE EXPRESS (02405490) - Active
BRADFORD & BINGLEY INVESTMENTS (03326913) - Active
BRADFORD & BINGLEY LIMITED (03938288) - Active
UK ASSET RESOLUTION LIMITED (07301961) - Active
MW CONSULT LIMITED (07546028) - Dissolved
NRAM PENSIONS LIMITED (08838429) - Active
PEAL CAPITAL PARTNERS UK LIMITED (08996214) - Active
OAKHILL PARTNERS LIMITED (09330850) - Active
NRAM LIMITED (09655526) - Active
AECIA FUNDING LIMITED (15291005) - Active
JUPITER JERSEY HOLDING LIMITED (FC040589) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-06-192017-06-212016-06-24
UK ASSET RESOLUTION LIMITEDORDINARY SHARES495,959,500
100%
495,959,500
100%
495,959,500
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2020-10-142018-10-122017-10-122017-02-012016-10-12
NRAM LIMITEDORDINARY ?16
100%
6
100%
6
100%
0
0%
0
0%
NRAM LIMITEDORDINARY SHARES0
0%
0
0%
0
0%
32,000
100%
0
0%
NRAM LIMITEDORDINARY 10
0%
0
0%
0
0%
0
0%
6
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

NRAM LIMITED

Controlled companies below

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
2021-10-01 2022-03-31 3 0% 0% 57956
2021-04-01 2021-09-30 16 0% 21% 51162
2020-10-01 2021-03-31 24 4% 35% 44372
2020-04-01 2020-09-30 17 5% 24% 37569
2019-10-01 2020-03-31 10 0% 0% 30101
2019-04-01 2019-09-30 32 0% 39% 22392
2018-10-01 2019-03-31 16 0% 33% 14348
2018-04-01 2018-09-30 31 18% 47% 7626


COURT CASES


Date Title Reference Subject
2017-07-19 NRAM Ltd v Evans & Ors [2017] EWCA Civ 1013
2015-07-23 NRAM Plc v McAdam & Anor [2015] EWCA Civ 751
2014-12-10 NRAM Plc v McAdam & Anor [2014] EWHC 4174 (Comm)
2014-12-10 NRAM Plc v McAdam & Anor [2014] EWHC 4174 (Comm)

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 THE WATERFRONT, SALTS MILL ROAD, SHIPLEY, ENGLAND, BD17 7EZ 03938288 2018-03-31 296,800,000 259,400,000
NRAM LIMITED THE WATERFRONT, SALTS MILL ROAD, SHIPLEY, ENGLAND, BD17 7EZ 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 20 MERRION WAY, LEEDS, LS2 8NZ 01855020 2018-09-30 31,250,000 8,820,000
K T PARTNERSHIP LIMITED DAVIS BURTON WILLIAMS AND CO UNIT B11, SUTTON BUSINESS CENTRE, RESTMOR WAY, WALLINGTON, SURREY, ENGLAND, SM6 7AH 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
NRAM LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 0.9% 3.6% 5.6% Medium
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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