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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 73-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 26.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.0 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
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 100 | — |
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
2
filings
- • 1 gazette
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-11-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-10-28📄gazette-notice-compulsorygazette · GAZ1
- 2025-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-13📄change-person-director-company-with-change-dateofficers · CH01
- 2016-06-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-05-14➕MC CORMICK, John None appointeddirector
- 2015-11-03➖MCCORMICK, John resigneddirector
- 2010-02-10🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2005-11-28🔒Charge registered #4Lender: Mortgage Trust Limited
- 2005-07-21🔒Charge registered #3Lender: Mortgage Trust Limited
- 2002-08-20🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2001-08-26➖MCCORMICK, Garry Patrick resigneddirector
- 2000-05-15🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1999-11-29➕MCCORMICK, Margaret appointeddirector
- 1999-11-29➖ASHCROFT CAMERON SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1999-11-29➕MCCORMICK, Garry Patrick appointeddirector
- 1999-11-29➕MCCORMICK, John appointeddirector
- 1999-11-29➖ASHCROFT CAMERON NOMINEES LIMITED resignedcorporate-nominee-director
- 1999-08-09🏢Company incorporatedAs J.M.G. PROPERTIES LIMITED
- 1999-08-09➕MCCORMICK, Margaret appointedsecretary
- 1999-08-09➕ASHCROFT CAMERON SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1999-08-09➕ASHCROFT CAMERON NOMINEES LIMITED appointedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe 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 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong 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 26 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Margaret Mc Cormick Individual · British · DOB 08/1954 · age 72 | 50–75% | — | 50-75% shares | 01/08/2016 |
Mr John None Mc Cormick Individual · British · DOB 11/1953 · age 73 | 25–50% | — | 25-50% shares | 01/08/2016 |
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| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DOZY FOODS LTD→ SC499595 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| EMAN GEE LTD→ SC777179 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ESPLANADE CAFE LIMITED→ SC659775 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FAME GLASGOW LTD→ SC469695 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| FAULKNER GOLDIE SOLUTIONS LTD→ SC728720 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| FOOD TO TASTE GH LTD→ SC633732 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FUQI5 LTD→ SC880788 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FUSION FOOD 88 LTD→ SC869399 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FYNE HOSPITALITY LTD→ SC847932 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FYNE WEST LTD→ SC730488 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FZ MULTIVENTURE LTD→ SC852878 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GAELIC SON & CO LTD→ SC677037 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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: 2026-05-31
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→
Activesecretary · appointed 1999-08-09
View their other companies + combined net worth →
MC CORMICK, John None→
Activedirector · ~73y · appointed 2016-05-14
View their other companies + combined net worth →
MCCORMICK, Margaret→
Activedirector · ~72y · appointed 1999-11-29
View their other companies + combined net worth →
ASHCROFT CAMERON SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-08-09 · resigned 1999-11-29
MCCORMICK, Garry Patrick→
Resigneddirector · ~51y · appointed 1999-11-29 · resigned 2001-08-26
MCCORMICK, John→
Resigneddirector · ~73y · appointed 1999-11-29 · resigned 2015-11-03
ASHCROFT CAMERON NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1999-08-09 · resigned 1999-11-29
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 10/02/2010 | — | |
| outstanding | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 28/11/2005 | — | |
| outstanding | Mortgage Trust Mortgage Trust Limited | Standard security | 1 property | 21/07/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 20/08/2002 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 15/05/2000 | — |
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