Bluestone Mortgages Ltd
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Bluestone Mortgages Ltd - overview
Established
2015
Location
London, -, UK
Primary Industry
Financial Services
About
Based in London, UK, and founded in 2015, Bluestone Mortgages Ltd. , a Bluestone Group subsidiary, is a financial services firm that works with mortgage brokers. As of March 2023, Steve Seal serves as the CEO of the company. In March 2023, Shawbrook Bank Limited agreed to acquire Bluestone Mortgages from Bluestone Holdings (Australia) Pty Ltd, which is expected to be completed in Q2 2023.
As of March 2023, the company’s customers include those with impaired credit, the self-employed, contractors, and buy-to-let landlords. The company provides a line of products, including home mover, first-time buyer, remortgage, right to buy, and buy to let. The firm provides modern mortgage technologies, including a technology platform that enables brokers to submit DIPs and apply online. The Bluestone Mortgages interface allows customers to browse and filter individual cases, upload documents, and message the underwriter directly.
In addition, the organization provides a portal for brokers and customers.
Current Investors
Shawbrook Bank Limited
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, Consumer Finance, Web Applications
Website
www.bluestonemortgages.co.uk
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Bluestone Mortgages Ltd - timeline of key events
Bluestone Mortgages Ltd - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 12,688,000 | 12,609,000 | 11,434,000 | - | 2,805,877 | 3,971,237 | 1,716,633 | 3,058,398 | 5,619,027 | - | - | - |
| % Revenue Growth (YoY) | - | (0.6%) | (9.3%) | - | - | - | (56.8%) | 78.2% | 83.7% | - | - | - |
| EBITDA (USD) | 754,000 | 3,113,000 | (6,477,000) | - | 7,148,661 | (120,631) | (3,571,883) | (2,903,710) | 2,119,897 | - | - | - |
| Operating Income (USD) | 695,000 | 3,113,000 | (6,477,000) | - | 7,146,772 | (123,077) | (3,573,610) | (2,904,705) | 2,115,568 | - | - | - |
| Operating Margin | 5.5% | 24.7% | (56.6%) | - | 254.7% | (3.1%) | (208.2%) | (95.0%) | 37.7% | - | - | - |
| % EBITDA Margin | 5.9% | 24.7% | (56.6%) | - | 254.8% | (3.0%) | (208.1%) | (94.9%) | 37.7% | - | - | - |
| NET Income (USD) | 1,555,000 | 2,261,000 | (5,385,000) | - | 5,727,601 | (158,715) | (3,819,071) | (2,418,188) | 2,846,443 | - | - | - |
| % Net Margin | 12.3% | 17.9% | (47.1%) | - | 204.1% | (4.0%) | (222.5%) | (79.1%) | 50.7% | - | - | - |
Bluestone Mortgages Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bluestone Mortgages Ltd | - |
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Bluestone Mortgages Ltd - employee data
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