J.M.G. PROPERTIES LIMITED

🌳Matureactive
SC198744 · ltd · incorporated 1999-08-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window opening · high confidence
More negotiable than before — 4 signals weakening over the last 30 days.
  • · Hygiene score: 82 → 42
  • · Bankability: 57 → 37
  • · Deal-killer verdict: workable → complicated
  • · Opportunity score: 78 → 68
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 4 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

  • ↓Deal-killer verdict: workable → complicated
  • ↓Opportunity score: 78 → 68
  • ↓Hygiene score: 82 → 42
  • ↓Bankability: 57 → 37
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
68/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 37/100. Strong seller-intent signal (78/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 26.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Average employees100—

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

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

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 (32 events)Click to expand
  1. 2025-11-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-10-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-06-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-05-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2016-06-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2016-05-14
    ➕
    MC CORMICK, John None appointed
    director
  17. 2015-11-03
    ➖
    MCCORMICK, John resigned
    director
  18. 2010-02-10
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  19. 2005-11-28
    🔒
    Charge registered #4
    Lender: Mortgage Trust Limited
  20. 2005-07-21
    🔒
    Charge registered #3
    Lender: Mortgage Trust Limited
  21. 2002-08-20
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  22. 2001-08-26
    ➖
    MCCORMICK, Garry Patrick resigned
    director
  23. 2000-05-15
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 1999-11-29
    ➕
    MCCORMICK, Margaret appointed
    director
  25. 1999-11-29
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  26. 1999-11-29
    ➕
    MCCORMICK, Garry Patrick appointed
    director
  27. 1999-11-29
    ➕
    MCCORMICK, John appointed
    director
  28. 1999-11-29
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director
  29. 1999-08-09
    🏢
    Company incorporated
    As J.M.G. PROPERTIES LIMITED
  30. 1999-08-09
    ➕
    MCCORMICK, Margaret appointed
    secretary
  31. 1999-08-09
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  32. 1999-08-09
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

91/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Margaret Mc Cormick
Individual · British · DOB 08/1954 · age 72
50–75%
—50-75% shares01/08/2016
Mr John None Mc Cormick
Individual · British · DOB 11/1953 · age 73
25–50%
—25-50% shares01/08/2016

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 →

Similar companies

Active · Hospitality · PA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BEN NEVIS BAR TRADING COMPANY LIMITED→
SC612137 · est 2018
£2.03M
£1.52M–£2.53M
£2.57M—15007y9163y
NO.17 THE PROMENADE LIMITED→
SC703027 · est 2021
£1.26M
£948.5k–£1.58M
£1.33M—7004y9959y
SLOAN WELLS HOLDINGS LIMITED→
SC640473 · est 2019
£951.0k
£713.2k–£1.19M
£61.1k—1006y9159y
PORT NAN GAEL HOLIDAY PARK LIMITED→
SC714034 · est 2021
£631.4k
£473.5k–£789.2k
£600.0k—2004y8437y
NO.26 THE SEA LIMITED→
SC640525 · est 2019
£583.6k
£437.7k–£729.5k
£558.9k—7006y9359y
CHMD LIMITED→
SC558038 · est 2017
£508.6k
£381.5k–£635.8k
£2.08M—18009y8844y
MULL HOTELS LIMITED→
SC706236 · est 2021
£500.4k
£375.3k–£625.5k
£723.8k—7004y9963y
THE FISHOUSE (OBAN) LIMITED→
SC499294 · est 2015
£457.8k
£343.4k–£572.3k
£1.43M—100011y8359y
CODFISH OBAN LIMITED→
SC613425 · est 2018
£383.5k
£287.6k–£479.4k
£781.4k—10007y8459y
THE WATERFRONT COMPANY (OBAN) LIMITED→
SC295986 · est 2006
£311.7k
£233.8k–£389.6k
£136.0k—10020y9563y
LAURIE PROPERTY SERVICES LIMITED→
SC686226 · est 2021
£304.5k
£228.4k–£380.6k
£110.8k—1005y8437y
MACGOCHANS LIMITED→
SC443536 · est 2013
£257.3k
£193.0k–£321.6k
£1.01M—150013y8448y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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 →
🔒Advanced scoring suite

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1999-08-09
Jurisdictionscotland
Primary SIC55900 — Other accommodation

Registered office

12 Glendower Way
Paisley
Renfrewshire
PA2 0TH
Scotland

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08

Officers (3 active · 4 resigned)

MCCORMICK, Margaret→
secretary · appointed 1999-08-09
View their other companies + combined net worth →
Active
MC CORMICK, John None→
director · ~73y · appointed 2016-05-14
View their other companies + combined net worth →
Active
MCCORMICK, Margaret→
director · ~72y · appointed 1999-11-29
View their other companies + combined net worth →
Active
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-08-09 · resigned 1999-11-29
Resigned
MCCORMICK, Garry Patrick→
director · ~51y · appointed 1999-11-29 · resigned 2001-08-26
Resigned
MCCORMICK, John→
director · ~73y · appointed 1999-11-29 · resigned 2015-11-03
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-08-09 · resigned 1999-11-29
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property10/02/2010—
outstanding
Mortgage Trust
Mortgage Trust Limited
Standard security1 property28/11/2005—
outstanding
Mortgage Trust
Mortgage Trust Limited
Standard security1 property21/07/2005—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property20/08/2002—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property15/05/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-01
gazette-notice-compulsory
gazette · GAZ1
2025-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-20