HC-ONE LIMITED
Operating as HC-One, the private equity-backed company provides residential, nursing, and dementia care facilities for older people across the UK.
Get an alert when HC-ONE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.5M
-77.6% lowest in 3 filed years
Net assets
£32M
-13.5% first positive since 2023
Employees
10,207
-7.9% lowest in 3 filed years
Profit before tax
-£5.1M
+50.9% highest in 3 filed years
Watch the reel
Our short-form breakdown of HC-ONE LIMITED's latest filing
HC-One's losses are narrowing, but the cost of staffing their care homes is climbing even as headcount falls. 📉💷
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 | £398,899,000 | £430,009,000 | £434,029,000 | +0.9% | |
| Operating profit | -£25,301,000 | -£4,635,000 | -£1,817,000 | +60.8% | |
| Profit before tax | -£49,841,000 | -£10,327,000 | -£5,068,000 | +50.9% | |
| Net profit | -£49,875,000 | -£9,672,000 | -£5,068,000 | +47.6% | |
| Cash | £17,293,000 | £6,490,000 | £1,457,000 | -77.6% | |
| Total assets less current liabilities | £50,113,000 | £138,639,000 | £140,603,000 | +1.4% | |
| Net assets | -£42,824,000 | £37,429,000 | £32,361,000 | -13.5% | |
| Equity | -£42,824,000 | £37,429,000 | £32,361,000 | -13.5% | |
| Average employees | 11,090 | 11,078 | 10,207 | -7.9% | |
| Wages | £212,509,000 | £231,273,000 | £243,007,000 | +5.1% | |
| 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 | -6.3% | -1.1% | -0.4% | |
| Net margin | -12.5% | -2.2% | -1.2% | |
| Return on capital employed | -50.5% | -3.3% | -1.3% | |
| Gearing (liabilities / total assets) | 110.7% | 91.1% | — | |
| Current ratio | 0.93x | 1.23x | 1.13x | |
| Interest cover | -3.28x | -0.54x | -0.20x |
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 2 times since incorporation
- HC-ONE LIMITED 2011-10-03 → present
- HC1 LIMITED 2011-08-12 → 2011-10-03
- ALFFA CARE SERVICES LIMITED 2011-07-20 → 2011-08-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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.”
Group structure
- HC-ONE LIMITED · parent
- HC-One No3 Limited 100%
- HC-One No.6 Limited 100%
- HC-One Intermediate Holdco 5 Limited 100%
- HC-One No.5 Limited 100%
Significant events
- “Following the completion of Welltower acquisition on 24 October 2025, a group restructuring plan is being undertaken.”
- “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.”
- “On 23 October 2025, the group sold its shareholding in HC-One Management Limited to Horizon Holdco UK LLC.”
- “On 24 October 2025 the Company sold its shareholding in HC-One No.6 Limited to HC-Management Limited in cash for £0.2m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 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 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUTLER, Charleen | Secretary | 2022-03-31 | 2024-10-31 |
| SMITH, David Andrew | Secretary | 2012-04-02 | 2022-03-31 |
| BEHAN, David, Sir | Director | 2018-11-20 | 2021-12-06 |
| HUTCHENS, James Justin | Director | 2017-09-21 | 2020-02-05 |
| IVERS, John Joseph | Director | 2012-12-03 | 2014-06-12 |
| JENSEN, Jeremy Michael Jorgen Malherbe | Director | 2011-08-16 | 2011-09-30 |
| PATEL, Chaitanya Bhupendra | Director | 2011-07-20 | 2019-10-31 |
| RANSFORD, John Anthony | Director | 2014-12-01 | 2022-03-29 |
| SMITH, David Andrew | Director | 2011-11-01 | 2025-10-24 |
| SPRUZEN, David Andrew | Director | 2011-07-20 | 2014-11-26 |
| TUGENDHAT, James Walter | Director | 2020-09-14 | 2025-10-24 |
| WELLS, William Henry Weston, Sir | Director | 2011-09-27 | 2021-04-27 |
| WILLIAMS, Anne Elizabeth | Director | 2011-09-27 | 2014-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hc-One Intermediate Holdco 1 Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 336 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-28 RESOLUTIONS Resolution
- 2026-02-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-02-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-28 | MA | incorporation | Memorandum articles | |
| 2026-01-02 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 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 | |
| 2025-11-14 | 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 2
- 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.