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Mcmortgages Limited

09809777

active
Private Limited Company
england wales
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1 SPRINGFIELD ROAD, BRISTOL, BS20 6LH
Incorporated 05/10/2015

Compliance

Last accounts

31/10/2023

micro entity

Next accounts due

31/07/2025

Overdue

Confirmation statement

Last: 04/10/2024

Due 18/10/2025

Overdue

Industry

66220
Activities of insurance agents and brokers

Officers

Mrs Jessica Cornes

secretary · Since 05/10/2015

Mr Mark Oghenekevwe Cornes

director · Since 05/10/2015

MORTGAGE AND INSURANCE BROKER

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Mark Oghenekevwe Cornes

75–100% shares

British · England · Age 60

1, Springfield Road, Bristol, BS20 6LH

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

OPENWORK SERVICES LIMITED

Created 29/08/2017Registered 13/09/2017

CompanyRankvs 4243+ SIC 66220 peers
36

Financial strength8th percentile among SIC peers · 2/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.61× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2023

Net Worth

-£5k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

£12k

Current Liabilities

£20k

Fixed Assets

£3k

4avg. employees-1

Balance Sheet

Assets less current liabilities-£5k
Signed by Mr Mark Cornes 16 July 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.61+£9k
20220.78+£5k
20210.82-£4k
20201.45-£16k
2019-0.29-£13k
2018-0.15

Derived from filed accounts. Not audited figures.