Company Number: NI674361

Analysis Date: 2025-07-29 14:17 UTC

1. Risk Rating: HIGH
   J MAC (N.I.) LIMITED exhibits a high risk profile primarily due to its dormant status combined with persistent net current liabilities and minimal liquidity, indicating potential solvency and liquidity challenges.

2. Key Concerns:

• Dormant Status with Negative Working Capital: The company is classified as dormant yet shows net current liabilities of £4,593 consistently over recent years, suggesting ongoing obligations without active trading revenue.
• Minimal Cash Reserves: Cash holdings remain at a nominal £81, insufficient to cover current liabilities of £4,674, indicating liquidity stress and inability to meet short-term obligations promptly.
• Director Loans as Primary Creditors: The main creditor is a director loan (£4,174), which may imply reliance on insider funding rather than external financing, raising concerns about financial independence and sustainability.

3. Positive Indicators:

• No Overdue Filings or Compliance Issues: The company’s accounts and confirmation statements are up to date, demonstrating regulatory compliance and governance adherence.
• Positive Net Assets: Despite liquidity issues, net assets stand at £7,957, supported by tangible fixed assets valued at £16,459, which could provide some collateral value.
• Sole Control by Director: The single director and 100% owner, Mr. Dean Patrick Mcatamney, suggests clear accountability and decision-making authority.

4. Due Diligence Notes:

• Investigate Reason for Dormant Status: Confirm why the company remains dormant since incorporation and whether there are plans to activate trading or dissolve.
• Clarify Nature and Terms of Director Loans: Review agreements regarding the £4,174 director loan to understand repayment terms, interest, and implications for creditor priority.
• Assess Fixed Assets Valuation and Utilization: Verify the condition and market value of tangible assets to evaluate their liquidity potential or operational relevance.
• Review Historical Trading Activity and Future Plans: Analyze prior financial statements and management intentions to gauge the company’s viability and strategic direction.