PREFERRED MORTGAGES LIMITED
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Next accounts due
2025-11-30
Overdue
Confirmation statement due
2026-06-10 (in 1mo)
Last made up 2025-05-27
Watchouts
Cash
£65M
-11.3% vs 2022
Net assets
£28M
+16.6% vs 2022
Employees
0
Average over period
Profit before tax
£3M
+340.6% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-11-30.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- PREFERRED MORTGAGES LIMITED 1996-02-12 → present
- DISKELITE LIMITED 1995-12-14 → 1996-02-12
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · latest reflected 2023-11-30
| Metric | Trend | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | £3,171,000 | £3,527,000 | |
| Profit before tax | — | -£1,356,000 | £3,262,000 | |
| Net profit | -£2,330,000 | -£2,330,000 | £4,016,000 | |
| Cash | — | £72,714,000 | £64,509,000 | |
| Total assets less current liabilities | — | £119,133,000 | £110,136,000 | |
| Net assets | — | £24,132,000 | £28,148,000 | |
| Equity | £26,462,000 | £24,132,000 | £28,148,000 | |
| Average employees | — | 0 | 0 | |
| Wages | — | £245,000 | £241,000 |
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 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|
| Return on capital employed | — | 2.7% | 3.2% | |
| Gearing (liabilities / total assets) | — | 90.9% | 88.1% | |
| Current ratio | — | 1.09x | 1.13x | |
| Interest cover | — | 0.87x | 0.35x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the solvent net asset position of the Group and the sufficient cash that it currently holds and availability of resources for the Company, the Directors consider that the Group and the Company will be able to continue in operational existence for a period up to 30 November 2026 and therefore it is appropriate to prepare the financial statements on a going concern basis. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and Parent Company's ability to continue as a going concern for a period up to 30 November 2026.”
Group structure
- PREFERRED MORTGAGES LIMITED · parent
- Preferred Residential Securities 05-2 plc
- Preferred Residential Securities 06-1 plc
- Eurosail 2006-2BL plc
- Eurosail 2007-1 plc 39.22%
- EMF-UK 2008-1 plc 38.49%
- Eurosail 2006-2
- Eurosail 2006-4
- Eurosail 2007-2
- Eurosail 2007-3
- Eurosail 2007-4
Significant events
- “The impact of political and economic matters that have arisen, in particular the war in Ukraine and market turbulence and uncertainty following announcements on tariffs by the United States, on the regional and global economy remains uncertain and is difficult to assess in terms of duration and severity.”
- “During 2024 the Company declared and paid dividends of £510,735.”
- “On 8 February 2024 the Company reduced the share capital of the Company from £7,751,468.76 to £250,000 by: (c) reducing the entirety of the share premium account in the amount of £573,351 and (d) cancelling and extinguishing 6,8641,412 'A' ordinary shares with a nominal value of £1.00 each in the capital of the Company, in addition to all of the issued 'C' ordinary shares, being 637,057 shares with a nominal value of £0.10 each in the capital of the Company.”
- “On 9 August 2024, the previous immediate parent company of the Company, Mable Commercial Funding Limited (in administration) sold its holding in the Company to Southern Pacific Holdings Limited.”
- “On 2 April 2008, the Company announced a suspension of its mortgage origination activities.”
- “On 15 September 2008, the previous ultimate parent company Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRANDON, Lee Christopher | Director | 2010-06-17 | Jan 1953 | British |
| MINES, Anthony James | Director | 2024-08-22 | Apr 1974 | British |
| SMUTS, Melgard-Jo | Director | 2024-08-22 | Sep 1977 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOPES, Philip Edward | Secretary | 1996-09-30 | 2003-12-12 |
| KERR, Michael David | Secretary | 1996-01-16 | 1996-09-30 |
| CLIFFORD CHANCE SECRETARIES (CCA) LIMITED | Corporate Secretary | 2004-11-01 | 2010-10-21 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 2003-12-12 | 2004-11-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1995-12-14 | 1996-01-16 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2010-10-21 | 2011-02-24 |
| ATTIA, Amany | Director | 2008-03-28 | 2010-06-17 |
| ATTIA, Amany | Director | 2003-12-12 | 2006-04-03 |
| BILSBOROUGH, William C | Director | 2005-11-09 | 2008-03-27 |
| CAMERON-MOORE, David | Director | 1996-06-05 | 1998-09-13 |
| CHAMBERS, Paul Stuart | Director | 2007-05-08 | 2009-10-14 |
| FARRELL, Daniel | Director | 1996-03-18 | 1997-07-01 |
| FRASER, George Mclennan | Director | 2003-12-12 | 2005-11-09 |
| GIBB, Dominic Iain | Director | 2006-05-04 | 2007-07-25 |
| GODFREY FAUSSETT, Matthew Richard | Director | 1996-01-16 | 1996-01-31 |
| HINSHELWOOD, Wallace Simon Duthie | Director | 2006-06-01 | 2008-03-17 |
| HOPES, Philip Edward | Director | 1997-02-27 | 2003-12-12 |
| HOPES, Philip Edward | Director | 1997-02-27 | 1998-09-13 |
| INGRAM, Nigel Jeffrey Martin | Director | 2005-11-09 | 2007-04-27 |
| KERR, Michael David | Director | 1996-01-16 | 1996-01-31 |
| KHADHOURI, Sidney Ezra | Director | 1999-06-30 | 2001-05-24 |
| KHADHOURI, Sidney Ezra | Director | 1996-06-03 | 1997-08-13 |
| MCHUGH, Gerald Martin | Director | 2006-08-16 | 2008-07-31 |
| MIDDLETON, Thomas | Director | 1996-03-18 | 1999-06-30 |
| NICHOLAS, George | Director | 1996-03-18 | 1999-06-30 |
| PATELLIS, George | Director | 2001-05-25 | 2005-11-09 |
| PITOCCO, Dennis James | Director | 1996-03-18 | 2004-05-31 |
| PRUST, John Matthew | Director | 2006-06-30 | 2007-02-23 |
| RUPP, Christopher Gordon | Director | 2006-02-09 | 2008-03-17 |
| RUSSELL, Clive Samuel | Director | 1996-03-18 | 2001-05-24 |
| SAUERWEIN, Richard | Director | 1996-03-18 | 1998-12-11 |
| STEIN, Alfred | Director | 1996-01-31 | 2001-05-21 |
| TAYLOR, Roger John | Director | 2005-11-09 | 2008-06-09 |
| TAYLOR, Roger King | Director | 1997-07-02 | 2001-05-24 |
| TCHENGUIZ, Vincent Aziz | Director | 1996-01-31 | 2001-05-24 |
| WEBSTER, John Alfred | Director | 2001-05-25 | 2005-12-22 |
| WILLIAMS, David | Director | 1998-12-11 | 2001-05-24 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1995-12-14 | 1996-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Southern Pacific Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-09 | Active |
| Mable Commercial Funding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-22 | Ceased 2024-08-09 |
| Preferred Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-02-22 |
Filing timeline
Last 20 of 282 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-27 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-15 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-01-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-10-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-13 | AA | accounts | Accounts with accounts type group | |
| 2024-04-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-14 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-14 | SH20 | capital | Legacy | |
| 2024-02-14 | CAP-SS | insolvency | Legacy | |
| 2024-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-24 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
FY2022 → FY2023 · period ending 2023-11-30 vs 2022-11-30
-
Turnover
—
Not reported
-
Cash
-11.3%
£72,714,000 £64,509,000
-
Net assets
+16.6%
£24,132,000 £28,148,000
-
Employees
—
Not reported
-
Operating profit
+11.2%
£3,171,000 £3,527,000
-
Profit before tax
+340.6%
-£1,356,000 £3,262,000
-
Wages
-1.6%
£245,000 £241,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers