I AM A MORTGAGE BROKER LTD

Executive Summary

I AM A MORTGAGE BROKER LTD is a newly formed dormant mortgage finance company positioned as a niche player within the UK mortgage brokerage sector. While it currently lacks operational and financial data, the company must navigate a competitive and highly regulated environment shaped by interest rate changes and digital innovation. Its future success will depend on establishing a market presence and adapting to evolving client expectations and regulatory requirements.

I AM A MORTGAGE BROKER LTD - Analysis Report

Company Number: 15472500

Analysis Date: 2025-07-29 18:29 UTC

1. Industry Classification
   I AM A MORTGAGE BROKER LTD operates within SIC code 64922, which is classified under "Activities of mortgage finance companies." This sector encompasses entities primarily engaged in brokering mortgage loans between borrowers and financial institutions. Key characteristics include reliance on regulatory compliance, intimate knowledge of lending products, and a client-focused advisory service model. The industry is sensitive to macroeconomic factors such as interest rates, housing market trends, and credit availability.

2. Relative Performance
   As a newly incorporated private limited company (incorporated February 2024) and currently dormant, I AM A MORTGAGE BROKER LTD has no trading history or financial activity to benchmark against typical industry metrics. The company filed dormant accounts for the period ending February 2025, reflecting no revenue generation or asset holdings. In contrast, typical mortgage brokerage firms in the UK generally report turnover aligned with commission structures based on mortgage volumes arranged, with working capital requirements to support operations such as marketing, compliance, and client management systems. The dormant status means the company is currently in a start-up phase or preparing for market entry, thus it cannot yet be compared on profitability, turnover, or balance sheet strength.

3. Sector Trends Impact
   The UK mortgage brokerage industry is currently influenced by several market dynamics:

• Interest rate volatility: Recent Bank of England rate hikes have increased borrowing costs, affecting demand for mortgage products and refinancing.
• Regulatory environment: Compliance with FCA guidelines on mortgage advice and affordability assessments is stringent, requiring brokers to maintain up-to-date knowledge and systems.
• Digital transformation: Increasing client demand for online mortgage advice platforms and streamlined application processes is reshaping service delivery models.
• Housing market fluctuations: Variations in demand for home purchases and remortgages, driven by economic confidence and government policy (e.g., Help to Buy schemes), impact broker activity levels.
  As a dormant entity, the company has yet to engage with these sector forces but will need to adapt to these evolving trends upon commencing trading.

4. Competitive Positioning
   Currently, I AM A MORTGAGE BROKER LTD is a micro-entity with a single director and 100% ownership by Paul Gareth Baggott, a mortgage advisor by occupation. This structure positions it as a niche player initially, likely focusing on localized or specialized mortgage brokering services in Hull and surrounding areas. Compared to established competitors—ranging from large national brokerage firms with expansive lender panels and technology platforms to smaller specialist brokers—this company’s competitive strengths could include personalized service and local market expertise. However, it also faces challenges such as limited brand recognition, lack of operational scale, and the need for robust compliance infrastructure. The company’s active website presence and contact information indicate readiness to engage the market, but until it begins trading and builds a client base, its competitive position remains undeveloped.