Mortgages First Ltd.
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Mortgages First Ltd. - overview
Established
1988
Location
Colchester, -, UK
Primary Industry
Financial Services
About
Based in Colchester, UK, and founded in 1988, Mortgages First Ltd. provides advice on mortgage and personal protection. The firm is an appointed representative of First Complete Limited doing business as PRIMIS Mortgage Network. In January 2023, Pivotal Growth Ltd.
, a portfolio company of Pollen Street Capital and LSL Property Services, acquired Mortgages First Ltd. The company offers a wide range of advisory services throughout the mortgage process. The firm provides advice for all types of mortgages and re-mortgages. Additionally, the company advisory service range also covers protection services such as building and contents insurance, income protection, critical illness coverage, and many others.
Current Investors
Pivotal Growth Ltd.
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, e-Financial
Website
www.mortgages-first.co.uk
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Mortgages First Ltd. - timeline of key events
Mortgages First Ltd. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,973,000 | 8,302,000 | 8,551,000 | 7,520,000 | 5,167,000 | 4,855,000 | - | - | - |
| % Revenue Growth (YoY) | - | 39.0% | 3.0% | (12.1%) | (31.3%) | (6.0%) | - | - | - |
| EBITDA (USD) | 620,000 | 2,766,000 | 2,840,000 | 2,676,000 | 1,291,000 | 655,000 | - | - | - |
| Operating Income (USD) | 563,000 | 2,708,000 | 2,785,000 | 2,636,000 | 1,256,000 | 631,000 | - | - | - |
| Operating Margin | 9.4% | 32.6% | 32.6% | 35.1% | 24.3% | 13.0% | - | - | - |
| % EBITDA Margin | 10.4% | 33.3% | 33.2% | 35.6% | 25.0% | 13.5% | - | - | - |
| NET Income (USD) | 452,000 | 2,180,000 | 2,256,000 | 2,127,000 | 1,017,000 | 512,000 | - | - | - |
| % Net Margin | 7.6% | 26.3% | 26.4% | 28.3% | 19.7% | 10.5% | - | - | - |
Mortgages First 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 | Mortgages First Ltd. | - |
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Mortgages First Ltd. - employee data
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