J & M DEVELOPERS LTD

🌳Matureactive
NI634329 · ltd · incorporated 2015-10-19
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£-5.1k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -63% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £5,096
Very low cash
Cash position: £31
Cash draining
Cash down 63% YoY
Cash YoY
-63%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£31
↓ 63% YoY
Net Worth
-£5k
↓ 7.4% YoY
Current Assets
£66k
~ YoY
Current Liabilities
—
-£5k£9k£23k£38k£52k£66kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-5.1k£-4.7k
Current assets£66.1k£66.2k
Cash£31£83
Net assets£-5.1k£-4.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-11-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-05-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-09-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-08-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-08-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2019-12-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-12-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2017-12-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-01-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2015-10-19
    🏢
    Company incorporated
    As J & M DEVELOPERS LTD
  14. 2015-10-19
    ➕
    MCNICHOLL, Michael appointed
    director
  15. 2015-10-19
    ➕
    MCQUILLAN, Joanne appointed
    director
  16. 2015-10-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

71/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Mcnicholl
Individual · British · DOB 12/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Joanne Mcquillan
Individual · Irish · DOB 12/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting · firm interest06/04/2016
Mrs Colette Mcnicholl
Individual · Irish · DOB 09/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
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Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2015-10-19
Jurisdictionnorthern-ireland
Primary SIC41202 — Construction of domestic buildings

Registered office

11c Annaghmore Road
Coagh
Cookstown
Co Tyrone
BT80 0JQ
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (2 active · 0 resigned)

MCNICHOLL, Michael→
director · ~70y · appointed 2015-10-19
View their other companies + combined net worth →
Active
MCQUILLAN, Joanne→
director · ~52y · appointed 2015-10-19
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-08-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-21