Company Number: NI677690

Analysis Date: 2025-07-29 20:08 UTC

1. Risk Rating: LOW
   J&CM LTD demonstrates solid financial health with strong net current assets and positive net assets. The company is compliant with filing deadlines and shows no signs of insolvency or liquidation.

2. Key Concerns:

• Limited operational data: The company has zero employees and minimal disclosed activity, which may indicate limited operational scale or reliance on external factors.
• Investment concentration: A significant portion of fixed assets is tied up in investments (£80,400), but the nature and risk profile of these investments are not detailed.
• Debtors level: Debtors have increased notably from £112,262 to £173,642, which may warrant review of credit risk or cash conversion effectiveness.

3. Positive Indicators:

• Strong liquidity position: Cash balance remains healthy at £77,760, and net current assets are robust at approximately £198k.
• Compliance and governance: No overdue filings; director and secretary roles are fulfilled by the same individual, simplifying accountability.
• Growing equity base: Shareholders’ funds increased from £237,290 to £278,338, reflecting retention of profits or appreciation from investments.

4. Due Diligence Notes:

• Verify the composition and risk profile of the "Other investments" valued at £80,400 to assess market or credit risk exposure.
• Review debtor aging and credit control policies to understand the rise in receivables and potential liquidity impact.
• Assess the business model and revenue generation given zero employees reported, confirming sustainability and operational dependencies.
• Confirm no director disqualifications or regulatory issues with the sole director, Mr. James Colin Madden.