WEST BROMWICH MORTGAGE COMPANY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-10 (in 3mo)
Last made up 2025-07-27
Watchouts
None on the register
Cash
£1M
-39.4% vs 2024
Net assets
£14M
+111.2% vs 2024
Employees
0
Average over period
Profit before tax
£10M
-21.6% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £44,370,000 | £38,029,000 | |
| Operating profit | £12,386,000 | £9,574,000 | |
| Profit before tax | £13,210,000 | £10,363,000 | |
| Net profit | £9,660,000 | £7,439,000 | |
| Cash | £2,114,000 | £1,282,000 | |
| Total assets less current liabilities | £689,010,000 | £572,713,000 | |
| Net assets | £6,691,000 | £14,130,000 | |
| Equity | £6,691,000 | £14,130,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 27.9% | 25.2% | |
| Net margin | 21.8% | 19.6% | |
| Return on capital employed | 1.8% | 1.7% | |
| Gearing (liabilities / total assets) | 99.0% | 97.5% | |
| Current ratio | 63.44x | 7.91x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's main creditor, its ultimate parent undertaking, has indicated that it will continue to support the Company for a period of at least 12 months. The financial statements have therefore been prepared on a going concern basis.”
Group structure
- WEST BROMWICH MORTGAGE COMPANY LIMITED · parent
- CL Mortgages Limited 100%
Significant events
- “The Company has not originated any loans to new borrowers in the year, with focus being on managing the existing portfolio.”
- “Following the unwind of the securitisation structures during the year ended 31 March 2024, the assets are no longer securitised and consequently the Company no longer shows a deemed loan liability to the structured entities.”
- “Hawthorn Asset Co Limited was placed into liquidation on 13 October 2023 (which is ongoing at the year-end date) following the termination of the entity's securitisation transaction.”
- “The Hawthorn Asset Co Limited securitisation transaction was cancelled and the entity subsequently placed into liquidation on 13 October 2023 which is ongoing at the year-end date.”
- “CL Mortgages Limited was dissolved on 7 May 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PENNELLS, Sarah Louise | Secretary | 2019-06-06 | — | — |
| BOYLE, Martin | Director | 2023-04-04 | Oct 1970 | British |
| PAWLEY, Alexander Shaun | Director | 2020-01-02 | Sep 1982 | British |
| WESTHOFF, Jonathan | Director | 2017-03-31 | Jul 1964 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLEET-CROSS, Susan Lyn | Secretary | 2009-04-29 | 2012-11-28 |
| DAVIES, Peter Charles | Secretary | 2004-07-20 | 2004-10-19 |
| FERRIS, James Daniel | Secretary | 2004-10-19 | 2006-03-13 |
| KARLE, Stephen Ashley | Secretary | 1995-08-01 | 2004-07-20 |
| MANN, Ajwinder Singh | Secretary | 2012-11-28 | 2019-05-30 |
| PRICE, John Michael Anthony | Secretary | 1992-12-11 | 1995-08-01 |
| WELCH, Simon Edward | Secretary | 2006-03-13 | 2009-02-20 |
| BAKER, John Derek | Director | 1992-12-11 | 1995-09-25 |
| BROWN, Michael David | Director | 1992-12-11 | 1995-08-01 |
| CENEY, Samuel | Director | 1992-12-11 | 1995-08-01 |
| CONROY, Andrew Peter | Director | 2013-06-24 | 2014-07-24 |
| COWDRILL, Gary Terence | Director | 1998-09-30 | 2004-04-21 |
| DAVIES, Peter Charles | Director | 2004-07-20 | 2010-05-28 |
| DICKINSON, Raymond Geoffrey | Director | 1992-12-11 | 1995-08-01 |
| DUBBERLEY, Anthony Ronald | Director | 2002-08-08 | 2004-07-20 |
| ELLIOT, Glenn William | Director | 1992-12-11 | 1995-08-01 |
| FIELD, Paul David | Director | 2004-07-20 | 2014-04-17 |
| JOHNSTON, David Thomas | Director | 2002-08-08 | 2004-07-20 |
| KINGDON, Simon Charles | Director | 1996-02-29 | 1997-11-30 |
| LEE, Phillip Andrew | Director | 1998-06-15 | 2002-08-08 |
| LYNCH, Thomas Michael | Director | 2002-08-08 | 2020-01-02 |
| MACKAY, David Michael, Mr. | Director | 2004-07-20 | 2006-10-03 |
| MARLAND, Paul | Director | 2007-02-15 | 2007-04-11 |
| MESSENGER, Andrew | Director | 1995-08-01 | 2002-08-08 |
| PIRANIE, Mahomed Ashraf | Director | 2017-03-31 | 2022-12-31 |
| PRICE, John Michael Anthony | Director | 1992-12-11 | 1995-08-01 |
| SAYERS, John Richard Charles | Director | 1995-01-25 | 1995-08-01 |
| SMART, Stephen John | Director | 2014-04-17 | 2017-05-04 |
| SMITH, Roger David | Director | 2003-02-10 | 2009-04-16 |
| SOUTHCOTT, Peter Mallet | Director | 2011-09-12 | 2013-03-31 |
| SPITTLE, John Anthony | Director | 1992-12-11 | 1998-07-22 |
| WRIGHT, James Roy Babington | Director | 2014-12-03 | 2017-05-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Manjit Singh Hayre | Individual | Significant influence, significant-influence-or-control-as-firm | 2021-12-03 | Active |
| Mr Jonathan Westhoff | Individual | Significant influence | 2016-04-06 | Ceased 2017-03-31 |
| Mr Mark James Gibbard | Individual | Significant influence | 2016-04-06 | Ceased 2017-03-31 |
| West Bromwich Building Society | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-08-23 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | CH01 | officers | Change person director company with change date | |
| 2023-01-10 | CH01 | officers | Change person director company with change date | |
| 2023-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-17 | AA | accounts | Accounts with accounts type full | |
| 2022-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2020-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-29 | AA | accounts | Accounts with accounts type full | |
| 2020-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2020-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2019-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-14.3%
£44,370,000 £38,029,000
-
Cash
-39.4%
£2,114,000 £1,282,000
-
Net assets
+111.2%
£6,691,000 £14,130,000
-
Employees
—
Not reported
-
Operating profit
-22.7%
£12,386,000 £9,574,000
-
Profit before tax
-21.6%
£13,210,000 £10,363,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers