JMS HARKIN LIMITED

🌳Matureactive
SC354969 · ltd · incorporated 2009-02-12
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 16.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£94.5k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 16.4y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 16.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £94,470
Very low cash
Cash position: £6
Net assets shrinking
Down £44,163 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6
~ YoY
Net Worth
£94k
↓ 32% YoY
Current Assets
£230k
↑ 6.5% YoY
Current Liabilities
—
£0£46k£92k£138k£184k£230kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£155.9k£203.3k
Current assets£229.6k£215.7k
Cash£6£6
Debtors£57.1k£43.2k
Net assets£94.5k£138.6k

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 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-29
    ➖
    HARKIN, Carol resigned
    secretary
  5. 2023-08-29
    ➖
    HARKIN, James Anthony resigned
    director
  6. 2023-08-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2023-08-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-02-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-11-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-02-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2010-01-12
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  19. 2009-02-12
    🏢
    Company incorporated
    As JMS HARKIN LIMITED
  20. 2009-02-12
    ➕
    HARKIN, Michael William appointed
    director
  21. 2009-02-12
    ➕
    HARKIN, Steven appointed
    director
  22. 2009-02-12
    ➕
    HARKIN, Carol appointed
    secretary
  23. 2009-02-12
    ➕
    HARKIN, James Anthony appointed
    director

Owner dependency

91/100
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.
  • +Founder name in company name: Company name contains director surname "HARKIN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

Multiple 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.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael William Harkin
Individual · British · DOB 01/1969 · age 57
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/05/2016
Mr Steven Harkin
Individual · British · DOB 01/1976 · age 50
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/05/2016

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

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

6 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
Incorporated2009-02-12
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Oxnam Road Industrial Estate
Jedburgh
Roxburghshire
TD8 6LS

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-27
Last: 2026-02-13

Officers (2 active · 2 resigned)

HARKIN, Michael William→
director · ~57y · appointed 2009-02-12
View their other companies + combined net worth →
Active
HARKIN, Steven→
director · ~50y · appointed 2009-02-12
View their other companies + combined net worth →
Active
HARKIN, Carol→
secretary · appointed 2009-02-12 · resigned 2023-08-29
Resigned
HARKIN, James Anthony→
director · ~78y · appointed 2009-02-12 · resigned 2023-08-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property12/01/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
termination-secretary-company-with-name-termination-date
officers · TM02
2023-08-29
termination-director-company-with-name-termination-date
officers · TM01
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-18