HC-ONE PROPERTIES 5 LIMITED

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  Material uncertainty over going concern

  Whilst there is no reason to suspect the intercompany debtors will not be received, the directors have performed a going concern assessment which indicates that, the company may require additional funds, through funding from its ultimate parent company, Welltower OP LLC to meet its liabilities as they fall due during the period of at least 12 months from the date of signing of the financial statements, the going concern assessment period. Welltower OP LLC has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

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  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. HC-ONE PROPERTIES 5 LIMITED 2021-08-24 → present
2. MERIDIAN HEALTHCARE LIMITED 2006-04-27 → 2021-08-24
3. TAMESIDE CARE LIMITED 2003-04-18 → 2006-04-27
4. TAMESIDE CARE GROUP LIMITED 1994-10-31 → 2003-04-18
5. TAMESIDE ENTERPRISES LIMITED 1985-12-12 → 1994-10-31
6. SHEERYARD LIMITED 1985-10-04 → 1985-12-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst there is no reason to suspect the intercompany debtors will not be received, the directors have performed a going concern assessment which indicates that, the company may require additional funds, through funding from its ultimate parent company, Welltower OP LLC to meet its liabilities as they fall due during the period of at least 12 months from the date of signing of the financial statements, the going concern assessment period. Welltower OP LLC has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Significant events

• “Following the completion of Welltower acquisition on 24 October 2025, a group restructuring plan is being undertaken across the group.”
• “On 23 October 2025, the group sold its shareholding in HC-One Management Limited to Horizon Holdco UK LLC.”
• “As at 30 September 2025, the directors engaged Cushman and Wakefield Itd, independent valuers, to undertake a full open market valuation of the group's property portfolio. As a result of this review the freehold property has been revalued to £37.9m resulting in a gain on revaluation of £6.4m as a result of wider market operating conditions.”
• “On 5 October 2023, HC-One Finco Limited entered a five year £635m Amendment and Restatement Facility Agreement... The term loan was fully redeemed on 24th October 2025. The security charges on the group assets have been removed as a result of loan redemption.”
• “On 24 October 2025, 100% of the issued share capital of the Company was sold to Aspen Tower Propco 12 Limited, a company incorporated in Jersey and it is ultimately owned by Welltower Inc.”
• “On 24 October 2025, Welltower acquired 100% of the issued share capital of HC-One Topco Limited, an indirect parent undertaking of the Company as at 30 September 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.