J2M HOLDINGS LTD

💤Zombieactive
SC680491 · ltd · incorporated 2020-11-10
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.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
£-21.0k
book net assets
Opportunity
60/100
Worth a look
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 60/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 5.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £21,041

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£21k
↓ 131% YoY
Current Assets
£2k
↓ 83% YoY
Current Liabilities
-£21k-£14k-£7k£71£7k£14kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£939.2k£951.1k
Current assets£2.4k£14.1k
Net assets£-21.0k£-9.1k

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
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-04-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-03-27
    🔒
    Charge registered #8
    Lender: Paragon Bank PLC
  5. 2024-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-05-31
    🔓
    Charge satisfied #2
  10. 2021-05-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-05-07
    🔒
    Charge registered #7
    Lender: Paragon Bank PLC
  12. 2021-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-04-09
    🔒
    Charge registered #6
    Lender: Aldermore Bank PLC
  15. 2021-04-09
    🔒
    Charge registered #5
    Lender: Aldermore Bank PLC
  16. 2021-04-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-04-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-04-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2021-04-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2021-03-31
    🔒
    Charge registered #4
    Lender: Paragon Bank PLC
  21. 2021-03-31
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  22. 2021-03-31
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  23. 2021-03-31
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  24. 2021-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2020-11-10
    🏢
    Company incorporated
    As J2M HOLDINGS LTD
  26. 2020-11-10
    MCMILLAN, Jamie appointed
    director
  27. 2020-11-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-11-23

7 live charges
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jamie Mcmillan
Individual · British · DOB 04/1979 · age 47
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/11/2020

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

9 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
Incorporated2020-11-10
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Shore Head
Stonehaven
AB39 2JY
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2025-11-23OVERDUE
Last: 2024-11-09

Officers (1 active · 0 resigned)

MCMILLAN, Jamie
director · ~47y · appointed 2020-11-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
7
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property27/03/2025
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property07/05/2021
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property09/04/2021
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property09/04/2021
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property31/03/2021
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property31/03/2021
satisfied
Paragon
Paragon Bank PLC
A registered charge1 property31/03/202131/05/2021
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property31/03/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
mortgage-satisfy-charge-full
mortgage · MR04
2021-05-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-06