JG MARINE LTD
Opportunity 66/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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: 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-23.6k | £-17.9k |
| Current assets | £1.3k | £1.0k |
| Net assets | £-23.6k | £-17.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (16 events)Click to expand
- 2025-08-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-01✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-05-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-05-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-22➕DONALDSON, David appointeddirector
- 2025-04-22➖GEAR, Harley Robert resigneddirector
- 2024-09-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-19🏢Company incorporatedAs JG MARINE LTD
- 2021-05-19➕GIFFORD, Joe Ivor appointeddirector
- 2021-05-19➕GEAR, Harley Robert appointeddirector
- 2021-05-19📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 med ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-15
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-05-01: certificate-change-of-name-company
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joe Ivor Gifford Individual · British · DOB 03/2000 · age 26 | 50–75% | — | board control50-75% shares · board control | 19/05/2021 |
Mr David Donaldson Individual · British · DOB 11/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/04/2025 |
1 historic (ceased) PSC
- Mr Harley Robert Gearceased 22/04/2025· 50-75% shares · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.