JFN LIMITED

⚰️Wound downliquidation

SC204768 · ltd · incorporated 2000-03-09

Investment thesis

Company liquidation — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

37/100

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What this business does

Primary activity: Other information technology service activities

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 37/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. 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: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

15 live charges · 9 lenders · oldest 23.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.5 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 65/100 (specialist).

Data confidence

Overall: medium (57/100)

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

No iXBRL financials extracted

Lenders & charges

15 charges (15/15 with lender, 15/15 with type)

Directors & officers

48 officers (6 active, 48 linked, 32 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

227 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

37/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 address

Last 180 days

filing

• 1 address

Counts from Companies House filing history.

Corporate timeline (141 events)Click to expand

2026-03-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-07
⚠️
liquidation-in-administration-move-to-creditors-voluntary-liquidation-scotland-2
insolvency · AM22(Scot)
2024-07-15
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2024-04-03
⚠️
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2023-12-04
⚠️
liquidation-establishment-of-creditors-or-liquidation-committee-scotland
insolvency · COM1(Scot)
2023-10-23
⚠️
liquidation-in-administration-result-creditors-decision-scotland
insolvency · AM07(Scot)
2023-10-03
⚠️
liquidation-in-administration-notice-administrators-proposals-scotland
insolvency · AM03(Scot)
2023-09-21
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached-scotland
insolvency · AM02(Scot)
2023-09-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-30
➖
READ, Benjamin Douglas resigned
director
2023-08-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-10
⚠️
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · AM01(Scot)
2023-03-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-09
📄
memorandum-articles
incorporation · MA
2023-03-09
📄
resolution
resolution · RESOLUTIONS
2023-03-09
📄
appoint-corporate-secretary-company-with-name-date
officers · AP04
2023-03-09
📄
appoint-corporate-director-company-with-name-date
officers · AP02
2023-03-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-08
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2023-03-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-03
➕
COSSEY COSEC SERVICES LIMITED appointed
corporate-secretary
2023-03-03
➕
ALBUTT, Tom appointed
director
2023-03-03
➕
JFN HOLDINGS LIMITED appointed
corporate-director
2023-03-03
➕
READ, Benjamin Douglas appointed
director
2023-03-03
🔒
Charge registered #15
Lender: James Fisher and Sons Public Limited Company
2023-03-03
🔒
Charge registered #14
Lender: James Fisher and Sons Public Limited Company
2023-03-03
🔒
Charge registered #13
Lender: Jcp Five Limited (As Security Agent)
2023-03-03
🔒
Charge registered #12
Lender: James Fisher and Sons Public Limited Company
2023-01-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-31
➖
SPEIRS, Peter Alexander resigned
secretary
2022-12-31
➖
SPEIRS, Peter Alexander resigned
director
2022-10-31
➖
O'LIONAIRD, Eoghan Pol resigned
director
2022-10-31
➕
SPEIRS, Peter Alexander appointed
director
2022-09-01
➖
MARSH, James Henry John resigned
secretary
2022-09-01
➕
SPEIRS, Peter Alexander appointed
secretary
2022-08-01
➕
BEAN, Dominic appointed
director
2021-08-13
➖
YELLOWLEES, Stuart Francis resigned
director
2021-04-29
➖
KILPATRICK, Stuart Charles resigned
director
2020-12-02
➖
BURKE, Joanne resigned
director
2020-06-04
➕
GREENHALGH, Peter Gerard appointed
director
2020-06-04
➖
READ, Paul Michael, Doctor resigned
director
2019-10-01
➖
HENRY, Nicholas Paul resigned
director
2019-10-01
➕
O'LIONAIRD, Eoghan Pol appointed
director
2019-04-17
➕
BURKE, Joanne appointed
director
2019-04-17
➖
WASHINGTON, Jason Nicholas resigned
director
2017-07-03
➖
HOGGAN, Michael John resigned
secretary

Showing most recent 50 of 141 events

Owner dependency

80/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

68/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 15 years.
secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·

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: 2023-12-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-02-02

Company in liquidation

high

Company is actively being wound up. Not a going concern.

8 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-08-07: liquidation-in-administration-move-to-creditors-voluntary-liquidation-scotland-2; 2024-07-15: liquidation-in-administration-progress-report-scotland

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

James Fisher Nuclear Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

James Fisher Nuclear Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

JFN LIMITED

This company · SC204768

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
James Fisher Nuclear Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Technology · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BIP SOLUTIONS LIMITED→ SC086146 · est 1984	£10.24M £7.31M–£13.17M	—	—	137	42y	83	79y
BLACKBAUD EUROPE LTD.→ SC212593 · est 2000	£3.33M £2.38M–£4.28M	£23.77M	—	12000	25y	84	64y
ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002	£409.8k £292.7k–£526.9k	£6.88M	—	0	24y	83	60y
ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004	—	—	—	500	21y	83	61y
APERTA LIMITED→ SC136758 · est 1992	—	—	£13.46M	—	34y	83	75y
CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992	—	—	£451.3k	—	33y	83	77y
CRAB APPLE FILMS LIMITED→ SC242643 · est 2003	—	—	—	200	23y	83	64y
CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted	—	—	—	—	35y	83	78y
E-MAX SYSTEMS LIMITED→ SC189614 · est 1998	—	—	£290.8k	—	27y	83	76y
ELASTIC CREATIVE LTD.→ SC203930 · est 2000	—	—	£20.1k	—	26y	83	58y
EURITEC LIMITED→ SC132746 · est 1991	—	—	£2.4k	—	34y	83	77y
EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted	—	—	—	—	16y	83	67y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

13 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.

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Company details

Statusliquidation

Typeltd

Incorporated2000-03-09

Jurisdictionscotland

Primary SIC62090 — Other information technology service activities

Registered office

Wizu Workspace

2 West Regent Street

Glasgow

G2 1RW

Filing status

Accounts

Next due: 2023-12-31OVERDUE

Last made up to: 2021-12-31

Confirmation statement

Next due: 2024-02-02OVERDUE

Last: 2023-01-19