HC-ONE NO.2 LIMITED
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Cash
£1.8M
-4.6% lowest in 3 filed years
Net assets
£51M
+16% highest in 3 filed years
Employees
1,332
-1.2% vs 2024
Profit before tax
£7.2M
+12.4% highest in 3 filed years
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £55,155,000 | £63,049,000 | £68,393,000 | +8.5% | |
| Operating profit | £6,215,000 | £6,662,000 | £7,196,000 | +8% | |
| Profit before tax | £4,246,000 | £6,400,000 | £7,193,000 | +12.4% | |
| Net profit | £4,016,000 | £6,513,000 | £7,050,000 | +8.2% | |
| Cash | £2,875,000 | £1,861,000 | £1,776,000 | -4.6% | |
| Total assets less current liabilities | £37,391,000 | £44,172,000 | £51,222,000 | +16% | |
| Net assets | £37,659,000 | £44,172,000 | £51,222,000 | +16% | |
| Equity | £37,659,000 | £44,172,000 | £51,222,000 | +16% | |
| Average employees | 1,257 | 1,348 | 1,332 | -1.2% | |
| Wages | £25,803,000 | £27,331,000 | £25,652,000 | -6.1% | |
| Directors' remuneration | — | — | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 11.3% | 10.6% | 10.5% | |
| Net margin | 7.3% | 10.3% | 10.3% | |
| Return on capital employed | 16.6% | 15.1% | 14.0% | |
| Gearing (liabilities / total assets) | — | 57.1% | 62.3% | |
| Current ratio | 1.52x | 1.65x | 1.51x |
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. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- HC-ONE NO.2 LIMITED 2021-08-24 → present
- HC-ONE BEAMISH LIMITED 2017-01-12 → 2021-08-24
- HELEN MCARDLE CARE LIMITED 2004-12-20 → 2017-01-12
- CROSSCO (823) LIMITED 2004-08-31 → 2004-12-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Our conclusions based on this work: ...we have not identified, and concur with the directors' assessment that there is not, a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for the going concern period.”
Significant events
- “On 24 October 2025 the issued share capital of HC-One Topco Limited, was acquired by Welltower Inc. The term loan held by the Group was repaid in full and as at the accounts signing date the loan outstanding amount is £nil. Welltower has also injected new equity money of £12.5m for use in day-to-day working capital and on 25 October 2025 the Group provided an interest free loan to Horizon Topco Limited of £318.8m, this amount is repayable on demand.”
- “On 23 October 2025, the group sold its shareholding in HC-One Management Limited to Horizon Holdco UK LLC. Following the completion of the Welltower acquisition on 24 October 2025, a group restructuring or reorganisation plan is being carried out across the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2025-11-06 | — | — |
| ISRAR, Qasim Raza | Director | 2025-10-24 | Jan 1977 | British |
| MANRIQUE CHARRO, Jorge | Director | 2025-10-24 | Dec 1986 | Spanish |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUTLER, Charleen | Secretary | 2022-03-31 | 2024-10-31 |
| DAWSON, Nigel | Secretary | 2008-01-18 | 2017-01-10 |
| MCARDLE, Mark Henry | Secretary | 2004-10-06 | 2008-01-18 |
| PRIMA SECRETARY LIMITED | Corporate Secretary | 2004-08-31 | 2004-10-06 |
| BEHAN, David, Sir | Director | 2018-11-20 | 2021-12-06 |
| HUTCHENS, James Justin | Director | 2017-09-21 | 2020-02-05 |
| MCARDLE, Josephine Helen | Director | 2004-10-06 | 2017-01-10 |
| MCARDLE, Mark Henry | Director | 2008-06-30 | 2017-01-10 |
| PATEL, Chaitanya Bhupendra, Dr | Director | 2018-11-30 | 2019-10-31 |
| PATEL, Chaitanya Bhupendra | Director | 2017-01-10 | 2017-12-18 |
| RANSFORD, John Anthony | Director | 2018-11-30 | 2021-03-29 |
| SMITH, David Andrew | Director | 2017-01-10 | 2025-10-24 |
| TUGENDHAT, James Walter | Director | 2020-09-14 | 2025-10-24 |
| WELLS, William Henry Weston, Sir | Director | 2018-11-30 | 2021-04-27 |
| PRIMA DIRECTOR LIMITED | Corporate Director | 2004-08-31 | 2004-10-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fc Beamish Bidco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-10 | Ceased 2017-01-10 |
| Hc-One Intermediate Holdco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-10 | Active |
| Hmc Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as firm), Appoints directors | 2016-04-06 | Ceased 2017-01-10 |
Filing timeline
Last 20 of 125 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-28 MA Memorandum articles
- 2026-02-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-15 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-02-28 | MA | incorporation | Memorandum articles | |
| 2026-02-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-20 | ANNOTATION | miscellaneous | Legacy | |
| 2025-11-20 | ANNOTATION | miscellaneous | Legacy | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-07 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.