JNF DEVELOPMENTS LIMITED
🌳Matureactive
SC232602 · ltd · incorporated 2002-06-11
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-1.21M
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 71/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
23 live charges · 4 lenders · oldest 18.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)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
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £1,209,708
Cash draining
Cash down 85% YoY
Cash YoY
-85%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£13k
↓ 85% YoY
Net Worth
-£1.2m
~ YoY
Current Assets
£1.1m
↓ 19% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £505.3k | £741.7k |
| Current assets | £1.06M | £1.31M |
| Cash | £13.2k | £86.3k |
| Debtors | £1.05M | £1.09M |
| Net assets | £-1.21M | £-1.21M |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-smallaccounts · AA
- 2024-11-13📄accounts-with-accounts-type-smallaccounts · AA
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-26🔒Charge registered #23Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #22Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #21Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #20Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #19Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #18Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #17Lender: Aldermore Bank PLC
- 2023-09-26🔒Charge registered #16Lender: Aldermore Bank PLC
- 2023-09-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-22🔓Charge satisfied #11
- 2023-09-22🔓Charge satisfied #10
- 2023-09-19🔒Charge registered #15Lender: Aldermore Bank PLC
- 2022-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-smallaccounts · AA
- 2020-06-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2019-06-13🔒Charge registered #14Lender: Bank of Scotland PLC
- 2019-06-13🔒Charge registered #13Lender: Bank of Scotland PLC
- 2019-06-13🔒Charge registered #12Lender: Bank of Scotland PLC
- 2018-11-06🔒Charge registered #11Lender: Bank of Scotland PLC
- 2018-08-15🔓Charge satisfied #6
- 2018-08-14🔓Charge satisfied #5
- 2018-05-16🔒Charge registered #10Lender: Bank of Scotland PLC
- 2018-05-16🔒Charge registered #9Lender: Bank of Scotland PLC
- 2018-05-16🔒Charge registered #8Lender: Bank of Scotland PLC
- 2018-04-27🔒Charge registered #7Lender: Bank of Scotland PLC
- 2015-12-07🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2015-11-30🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2015-11-17🔓Charge satisfied #4
- 2015-09-18🔓Charge satisfied #3
- 2013-01-16🔒Charge registered #4Lender: Lloyds Tsb Scotland PLC
- 2011-03-21🔒Charge registered #3Lender: Lloyds Tsb Scotland PLC
- 2011-03-19🔓Charge satisfied #1
- 2007-07-23🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2007-07-02🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-06-11🏢Company incorporatedAs JNF DEVELOPMENTS LIMITED
Showing most recent 50 of 57 events
Owner dependency
68/100
High — earn-out structure requiredMaterial 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.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
16 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Jnf Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
Jnf Holdings Limited
Corporate parent · holds 25-50% shares
⬇
JNF DEVELOPMENTS LIMITED
This company · SC232602
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Christina Smith Individual · Scottish · DOB 01/1948 · age 78 | 25–50% | — | 25-50% shares | 27/10/2019 |
Jnf Holdings Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 19/10/2017 |
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 · Construction · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J. STRACHAN JOINERY SERVICES LTD→ SC383666 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| JP LIFTING SOLUTIONS LIMITED→ SC542227 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| JPS ENGINEERING SOLUTIONS LTD→ SC575574 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JR-23 SPRAYING LTD→ SC818451 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JS BEDDING CONTRACTORS LTD→ SC832686 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KBP (SCOTLAND) LTD→ SC442328 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| KEITH'S BLINDS LIMITED→ SC511176 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| KEN MORRISON CONSTRUCTION LIMITED→ SC320490 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| KENNY MCCULLOCH JOINERY LTD.→ SC302238 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| KENWAY DEVELOPMENTS SCOTLAND LTD→ SC868561 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KERNYS ACCESS LTD→ SC736665 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KERO PROPERTIES LTD→ SC692692 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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 →🔒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
Incorporated2002-06-11
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Little Mains
Crichie Woods
Stuartfield
Aberdeenshire
AB42 5DY
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-23
Last: 2025-06-09
Officers (3 active · 2 resigned)
SMITH, Claire Michelle→
Activesecretary · appointed 2002-06-11
View their other companies + combined net worth →
SMITH, Claire Michelle→
Activedirector · ~48y · appointed 2002-06-11
View their other companies + combined net worth →
SMITH JNR, John Buchan→
Activedirector · ~51y · appointed 2002-06-11
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-06-11 · resigned 2002-06-11
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-06-11 · resigned 2002-06-11
Click a director name to see their full track record across all companies.
Mortgages & charges
23
Total charges
16
Outstanding
2
Active lenders
Status:Lender:23 of 23 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 26/09/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 19/09/2023 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 13/06/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 13/06/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 13/06/2019 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 06/11/2018 | 22/09/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/05/2018 | 22/09/2023 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/05/2018 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 16/05/2018 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 27/04/2018 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 07/12/2015 | 15/08/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 30/11/2015 | 14/08/2018 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 2 properties | 16/01/2013 | 17/11/2015 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 21/03/2011 | 18/09/2015 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/07/2007 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 02/07/2007 | 19/03/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (109 total)
accounts-with-accounts-type-small
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-21
accounts-with-accounts-type-small
accounts · AA
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
accounts-with-accounts-type-small
accounts · AA
2023-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-22
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-22