JRM PROPERTIES (DUNDEE) LTD

🌳Matureactive
SC527705 · ltd · incorporated 2016-02-24
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 9.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Property-backed borrower with a 67-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 70/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

12 live charges · oldest 9.8y

65/100
clean up first

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

  • · Oldest live charge is 9.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Average employees100100

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-04-11
    🔓
    Charge satisfied #4
  6. 2024-04-11
    🔓
    Charge satisfied #2
  7. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-06-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2023-06-16
    🔓
    Charge satisfied #3
  10. 2023-05-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-05-11
    ➖
    MORRISON, James Ross resigned
    director
  12. 2023-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2023-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2023-05-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2023-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-01-27
    ➕
    SALE, Paul appointed
    director
  17. 2023-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2022-04-25
    ➕
    CRUICKSHANK, Angus William appointed
    director
  20. 2022-04-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2021-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2021-02-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2019-12-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2019-12-21
    🔓
    Charge satisfied #10
  25. 2019-09-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2019-09-10
    🔒
    Charge registered #12
    Lender: Bank of Scotland PLC
  27. 2019-09-10
    🔒
    Charge registered #11
    Lender: Bank of Scotland PLC
  28. 2019-09-10
    🔒
    Charge registered #10
    Lender: Bank of Scotland PLC
  29. 2019-09-10
    🔒
    Charge registered #9
    Lender: Bank of Scotland PLC
  30. 2019-09-10
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC
  31. 2019-09-10
    🔒
    Charge registered #7
    Lender: Bank of Scotland PLC
  32. 2019-09-10
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  33. 2019-09-10
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  34. 2016-08-25
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  35. 2016-08-25
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  36. 2016-08-25
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  37. 2016-08-18
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  38. 2016-02-24
    🏢
    Company incorporated
    As JRM PROPERTIES (DUNDEE) LTD
  39. 2016-02-24
    ➕
    MORRISON, James Ross appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material 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.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med · 1 low
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.

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Sale
Individual · British · DOB 05/1968 · age 58
25–50%
—25-50% shares11/05/2023
Mr Angus William Cruickshank
Individual · British · DOB 09/1959 · age 67
25–50%
—25-50% shares11/04/2023
1 historic (ceased) PSC
  • Mr James Ross Morrisonceased 11/05/2023· 75-100% shares

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

8 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
Incorporated2016-02-24
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

16 Gordon Square
Dundee
DD3 6BY
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23

Officers (2 active · 1 resigned)

CRUICKSHANK, Angus William→
director · ~67y · appointed 2022-04-25
View their other companies + combined net worth →
Active
SALE, Paul→
director · ~58y · appointed 2023-01-27
View their other companies + combined net worth →
Active
MORRISON, James Ross→
director · ~60y · appointed 2016-02-24 · resigned 2023-05-11
Resigned

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

Mortgages & charges

12
Total charges
8
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/201921/12/2019
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property10/09/2019—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property25/08/201611/04/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties25/08/201616/06/2023
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property25/08/201611/04/2024
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—18/08/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-11
termination-director-company-with-name-termination-date
officers · TM01
2023-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27