JTC FURNITURE GROUP LIMITED

📉Decliningactive
SC368612 · ltd · incorporated 2009-11-16
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 77/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

6 live charges · 6 lenders · oldest 16.2y

35/100
too messy

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

  • · Oldest live charge is 16.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £157,898

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Profit before tax£157.9k£1.08M
Average employees4400

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 address
Last 180 days
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2026-04-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-09-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-09-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-09-16
    ➖
    LINTON, Gordon resigned
    secretary
  8. 2024-09-16
    ➖
    BELL, Antony Dishart resigned
    director
  9. 2024-09-16
    ➖
    LINTON, Gordon James resigned
    director
  10. 2024-08-12
    ➖
    BURKE, Joe resigned
    director
  11. 2024-08-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-05-07
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  13. 2024-05-03
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  14. 2024-05-01
    📄
    memorandum-articles
    incorporation · MA
  15. 2024-05-01
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2024-05-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-05-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-05-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2024-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2024-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2024-04-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2024-04-25
    🔓
    Charge satisfied #4
  23. 2024-04-25
    🔓
    Charge satisfied #2
  24. 2024-04-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2024-04-19
    ➕
    MCCLOSKEY, Brian Joseph appointed
    director
  26. 2024-04-19
    ➕
    MCCLOSKEY, Connor appointed
    director
  27. 2024-04-19
    ➕
    MULHOLLAND, Don appointed
    director
  28. 2024-04-19
    🔒
    Charge registered #6
    Lender: Antony Bell, as Security Trustee
  29. 2024-04-19
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Ireland
  30. 2023-10-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  31. 2023-10-27
    🔓
    Charge satisfied #3
  32. 2023-10-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  33. 2023-10-12
    ➖
    CHALMERS, Dougal William Robert resigned
    director
  34. 2023-05-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  35. 2023-02-08
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  36. 2023-01-31
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  37. 2020-01-16
    🔓
    Charge satisfied #1
  38. 2020-01-01
    ➕
    TWEDDELL, Colin appointed
    director
  39. 2020-01-01
    ➕
    BELL, Antony Dishart appointed
    director
  40. 2020-01-01
    ➕
    BURKE, Joe appointed
    director
  41. 2019-12-23
    🔒
    Charge registered #3
    Lender: Donald Ramsay Sutherland Chalmers
  42. 2013-03-01
    ➖
    CHALMERS, Donald Ramsay Sutherland resigned
    director
  43. 2010-03-29
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  44. 2010-03-01
    ➕
    LINTON, Gordon appointed
    secretary
  45. 2010-03-01
    ➖
    MACDONALDS resigned
    corporate-secretary
  46. 2010-03-01
    🔒
    Charge registered #1
    Lender: Donald Ramsay Sutherland Chalmers and Another
  47. 2010-02-17
    ➕
    CHALMERS, Donald Ramsay Sutherland appointed
    director
  48. 2010-02-17
    ➕
    CHALMERS, Dougal William Robert appointed
    director
  49. 2010-02-17
    ➕
    LINTON, Gordon James appointed
    director
  50. 2010-02-17
    ➖
    WHITE, Joyce Helen resigned
    director
Showing most recent 50 of 53 events

Owner dependency

56/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Red flags

1 med ·
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

Jtc Furniture Group Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Jtc Furniture Group Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
JTC FURNITURE GROUP LIMITED
This company · SC368612

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%
NameSharesVoting rightsNature of controlNotified
Jtc Furniture Group Holdings Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control23/12/2019
2 historic (ceased) PSCs
  • Mr Donald Ramsay Sutherland Chalmersceased 23/12/2019· significant influence
  • Mr Dougal William Robert Chalmersceased 23/12/2019· significant influence

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 →

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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
Incorporated2009-11-16
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

Block 5 Dunsinane Avenue
Dunsinane Industrial Estate
Dundee
DD2 3QN
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (4 active · 8 resigned)

MCCLOSKEY, Brian Joseph→
director · ~64y · appointed 2024-04-19
View their other companies + combined net worth →
Active
MCCLOSKEY, Connor→
director · ~40y · appointed 2024-04-19
View their other companies + combined net worth →
Active
MULHOLLAND, Don→
director · ~59y · appointed 2024-04-19
View their other companies + combined net worth →
Active
TWEDDELL, Colin→
director · ~56y · appointed 2020-01-01
View their other companies + combined net worth →
Active
LINTON, Gordon→
secretary · appointed 2010-03-01 · resigned 2024-09-16
Resigned
MACDONALDS→
corporate-secretary · appointed 2009-11-16 · resigned 2010-03-01
Resigned
BELL, Antony Dishart→
director · ~62y · appointed 2020-01-01 · resigned 2024-09-16
Resigned
BURKE, Joe→
director · ~68y · appointed 2020-01-01 · resigned 2024-08-12
Resigned
CHALMERS, Donald Ramsay Sutherland→
director · ~65y · appointed 2010-02-17 · resigned 2013-03-01
Resigned
CHALMERS, Dougal William Robert→
director · ~69y · appointed 2010-02-17 · resigned 2023-10-12
Resigned
LINTON, Gordon James→
director · ~62y · appointed 2010-02-17 · resigned 2024-09-16
Resigned
WHITE, Joyce Helen→
director · ~67y · appointed 2009-11-16 · resigned 2010-02-17
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Antony Bell, as Security Trustee
A registered charge—19/04/2024—
outstanding
The Governor and Company of the Bank of Ireland
A registered charge—19/04/2024—
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge—31/01/202325/04/2024
satisfied
Donald Ramsay Sutherland Chalmers / Dougal William Robert Chalmers
A registered charge1 property23/12/201927/10/2023
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property29/03/201025/04/2024
satisfied
Donald Ramsay Sutherland Chalmers and Another
Floating charge1 property01/03/201016/01/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
accounts-with-accounts-type-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-full
accounts · AA
2024-09-27
termination-director-company-with-name-termination-date
officers · TM01
2024-09-17
termination-director-company-with-name-termination-date
officers · TM01
2024-09-17
termination-secretary-company-with-name-termination-date
officers · TM02
2024-09-17
termination-director-company-with-name-termination-date
officers · TM01
2024-08-12
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-05-07
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-05-03
memorandum-articles
incorporation · MA
2024-05-01
resolution
resolution · RESOLUTIONS
2024-05-01
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01