ITL MORTGAGES LIMITED
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Cash
—
Latest balance sheet
Net assets
£112M
+7.1% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£9.8M
-22% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £11,950,000 | £9,291,000 | -22.3% | |
| Fee & commission income | — | £35,000 | £68,000 | +94.3% | |
| Operating income | — | £11,921,000 | £9,293,000 | -22% | |
| Impairment losses | — | -£1,218,000 | -£985,000 | +19.1% | |
| Profit before tax | £9,806,000 | £12,608,000 | £9,831,000 | -22% | |
| Net profit | £7,502,000 | £9,433,000 | £7,354,000 | -22% | |
| Loans & advances to customers | — | £225,450,000 | £198,188,000 | -12.1% | |
| Customer deposits | — | — | — | — | |
| Total assets | £263,111,000 | £228,019,000 | £199,883,000 | -12.3% | |
| Total liabilities | — | £123,870,000 | £88,380,000 | -28.7% | |
| Equity | £94,716,000 | £104,149,000 | £111,503,000 | +7.1% | |
| Average employees | 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 59.5% | 82.5% | — | |
| Net margin | 45.5% | 61.8% | — | |
| Gearing (liabilities / total assets) | 64.0% | 54.3% | — | |
| Interest cover | 2.39x | 3.79x | — |
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.
Name history
Renamed 3 times since incorporation
- ITL MORTGAGES LIMITED 2008-10-31 → present
- STROUD AND SWINDON MORTGAGE COMPANY LIMITED 1994-02-09 → 2008-10-31
- LONDON AND MANCHESTER (MORTGAGES) (NO.6) LIMITED 1989-02-08 → 1994-02-09
- FRESHTILE LIMITED 1988-11-25 → 1989-02-08
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After enquiries made of the directors of the Group, the Company's directors have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Group to continue as a going concern or its ability to continue with the current intercompany funding and banking arrangements. The directors are satisfied that the Company will be able to continue in business for the foreseeable future. For this reason, they continue to adopt the going concern basis of accounting in preparing the annual financial statements..”
Significant events
- “Subsequent to the reporting date, events in the Middle East have taken place which would likely change the forward looking trajectory of both the bank interest rate and inflationary environment. This is a non-adjusting event in the context of the 31 December 2025 reported position.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREEN, Catherine Elizabeth | Secretary | 2025-09-25 | — | — |
| HUGHES, Stephen James | Director | 2020-04-20 | May 1972 | British |
| MELVILLE, Andrea | Director | 2025-09-25 | Nov 1976 | British |
| RAYBOULD, Lee John | Director | 2021-04-14 | Mar 1973 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOPARAI, Gurdeep Kaur | Secretary | 2020-04-15 | 2025-06-27 |
| CRANE, Thomas Jonathan | Secretary | 2013-11-22 | 2020-04-15 |
| DAVIDSON, Gillian Mary | Secretary | 2011-06-20 | 2013-04-09 |
| JARRATT, Michael John | Secretary | 1994-02-08 | 2004-06-30 |
| JOHNSON, Robert Charles | Secretary | 2004-06-30 | 2010-09-01 |
| MCKEOWN, Brona Rose | Secretary | 2013-04-10 | 2013-11-21 |
| RAMBHAI, Nailesh Kantilal | Secretary | 2010-09-01 | 2011-06-20 |
| SWINBURNE-JOHNSON, Anthony Richard | Secretary | — | 1994-02-08 |
| ARMSTRONG, Ronald Grant | Director | 1999-09-16 | 2004-07-31 |
| BEAZLEY, Christopher Wills | Director | 2006-07-17 | 2008-07-29 |
| BOUNDS, Kevin Charles | Director | 2008-10-30 | 2009-11-06 |
| BRAMALL, Michael Geoffrey | Director | 2003-04-24 | 2008-04-24 |
| CHAFER, Paul Philip | Director | 2006-07-17 | 2008-04-24 |
| CRANE, Thomas Jonathan | Director | 2020-04-15 | 2022-07-29 |
| DEEKS, Andrew William | Director | 2020-04-15 | 2020-10-09 |
| FAULL, Michele Jean | Director | 2017-04-27 | 2020-11-30 |
| FRANKLIN, Colin Terence | Director | 2010-09-01 | 2014-09-30 |
| FRITCHIE, Rennie, Baroness | Director | 2004-08-19 | 2008-04-24 |
| GADSDEN, Peter John | Director | 1994-02-08 | 1997-02-26 |
| GORDON, Diane Joan | Director | — | 1994-02-08 |
| HILL, David Charles | Director | 2000-08-10 | 2009-10-01 |
| JAMES, Laurence | Director | 2008-03-25 | 2010-08-31 |
| JOHNSON, Robert Charles | Director | 1999-02-22 | 2010-08-31 |
| LANDON, Darin John | Director | 2020-04-15 | 2025-09-19 |
| LOWE, John | Director | 2012-03-16 | 2017-04-27 |
| PARKER, John Henry | Director | 1994-02-08 | 2005-12-15 |
| PARSONS, Mark Alistair | Director | 2014-07-03 | 2020-04-19 |
| PAYNE, Richard Lester | Director | 1997-02-26 | 2005-04-30 |
| RULE, Malcolm Stuart | Director | 1991-11-04 | 1994-02-08 |
| SMITH, Glyn Michael | Director | 2008-03-25 | 2012-03-16 |
| SPENCER, Neil | Director | 2005-12-15 | 2012-03-16 |
| STEWART, David | Director | 2012-03-16 | 2014-03-31 |
| SUTHERLAND, John Andrew | Director | 2010-06-01 | 2010-08-31 |
| SWAN, Richard Michael | Director | 1994-02-08 | 1999-02-22 |
| SWINBURNE-JOHNSON, Anthony Richard | Director | — | 1994-02-08 |
| WHITWHAM, Simon Peter | Director | 2002-04-25 | 2011-04-27 |
| WILL, Linda Sadleir | Director | 2008-07-28 | 2010-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coventry Building Society | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 223 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-09 | AA | accounts | Accounts with accounts type full | |
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-03 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-03 | AD02 | address | Change sail address company with old address new address | |
| 2023-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-05-23 | AA | accounts | Accounts with accounts type full | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-04-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.