JM QUALITY FOODS LTD

💤Zombieactive
SC512811 · ltd · incorporated 2015-08-11
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£51.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Non-specialised wholesale of food, beverages and tobacco
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
32 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
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £51,791

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£52k
↑ 97% YoY
Current Assets
£77k
↑ 75% YoY
Current Liabilities
—
£0£15k£31k£46k£61k£77kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-08-312024-08-31
Total assets£51.8k£34.6k
Current assets£76.7k£43.8k
Net assets£51.8k£26.3k

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

🔒Filing-note intelligence

1 signal 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 (20 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-08-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-08-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-08-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-08-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2021-10-26
    ➖
    MCNELLIS, Debbie resigned
    director
  13. 2021-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-05-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-01-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-01-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-03-01
    ➕
    MCNELLIS, Debbie appointed
    director
  19. 2015-08-11
    🏢
    Company incorporated
    As JM QUALITY FOODS LTD
  20. 2015-08-11
    ➕
    MCNELLIS, John appointed
    director

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Mcnellis
Individual · British · DOB 04/1963 · age 63
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Debbie Mcnellisceased 26/10/2021· 25-50% shares · 25-50% voting

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

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——57y8360y
ATLAS WINCH & HOIST SERVICES LTD.→
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——£10.13M—28y8368y
CHAPELHALL INDUSTRIAL BEARINGS LIMITED→
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——£74.9k—37y8389y
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SC100318 · est 1986
——£391.6k—39y8361y
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SC366873 · est 2009
——£372.1k—16y8359y
CLARKE FIRE PROTECTION PRODUCTS LIMITED→
SC081670 · est 1983 · no financials extracted
————43y8277y
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——£255.0k—23y8281y
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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
Incorporated2015-08-11
Jurisdictionscotland
Primary SIC46390 — Non-specialised wholesale of food, beverages and tobacco

Registered office

Second Floor Airbles House
270 Airbles Road
Motherwell
ML1 3AT
United Kingdom

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (1 active · 1 resigned)

MCNELLIS, John→
director · ~63y · appointed 2015-08-11
View their other companies + combined net worth →
Active
MCNELLIS, Debbie→
director · ~45y · appointed 2017-03-01 · resigned 2021-10-26
Resigned

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

Recent filings (32 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-20
change-person-director-company-with-change-date
officers · CH01
2025-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
termination-director-company-with-name-termination-date
officers · TM01
2021-12-16