AT HOME PROPERTIES NORFOLK LIMITED

Executive Summary

AT HOME PROPERTIES NORFOLK LIMITED operates as a micro-entity within the UK real estate management and investment sector, focusing on local property holding and letting activities. Its financials reflect typical characteristics of a niche, small-scale property company with limited liquidity and asset base but direct control by its directors. The company faces sector challenges such as rising costs and interest rates but may benefit from localized housing demand and operational agility.

AT HOME PROPERTIES NORFOLK LIMITED - Analysis Report

Company Number: 13800839

Analysis Date: 2025-07-29 19:33 UTC

1. Industry Classification
   AT HOME PROPERTIES NORFOLK LIMITED operates primarily within the real estate sector, specifically under SIC codes 68320 (Management of real estate on a fee or contract basis), 68209 (Other letting and operating of own or leased real estate), and 68100 (Buying and selling of own real estate). These activities place the company in the property investment and management niche, focusing on holding, letting, and managing real estate assets rather than large-scale development or construction. This sector is characterised by asset-heavy operations, cyclical market demand influenced by economic conditions, interest rates, and local property market trends.

2. Relative Performance
   As a micro-entity incorporated in late 2021 and classified as a micro company, AT HOME PROPERTIES NORFOLK LIMITED presents a modest asset base (£201,624 fixed assets in 2023) and limited liquidity (current assets of £2,168 vs. current liabilities of £242,528). The company’s net current liabilities significantly exceed its current assets, resulting in net current liabilities of £240,360 for 2023. Despite this, the net assets (shareholders’ funds) show a positive figure of £38,736, indicating some equity buffer. Compared to typical real estate management firms, even at a micro scale, these figures suggest tight working capital management but highlight potential liquidity constraints, which is not uncommon for small property holding entities early in their lifecycle. The lack of employees aligns with a lean operational model, typical of micro real estate companies that outsource management and maintenance functions.

3. Sector Trends Impact
   The UK real estate sector has experienced varied dynamics recently, including rising interest rates, inflationary pressures on maintenance costs, and shifts in tenant demand patterns post-pandemic. For a company engaged in letting and managing its own real estate assets, rising borrowing costs and potential tenant payment risks may impact cash flows and asset valuations. Additionally, regulatory changes around property management and energy efficiency standards could impose additional compliance costs. However, the ongoing housing demand in Norfolk and surrounding areas may provide stable rental income opportunities. Being a micro-entity, the company may be agile enough to adapt quickly but may also face challenges in scaling or competing with larger firms that benefit from economies of scale.

4. Competitive Positioning
   AT HOME PROPERTIES NORFOLK LIMITED appears to be a niche player focusing on locally managed property assets with a tight capital structure. The company’s small asset base and minimal staff differentiate it from larger property investment firms which typically maintain diversified portfolios and more substantial operational infrastructure. Strengths include low overhead and the ability to maintain direct control by the directors (who also appear as significant controllers), facilitating swift decision-making. However, weaknesses include the limited financial buffer to absorb market shocks, the high ratio of current liabilities to current assets indicating potential liquidity risk, and reliance on a very small asset base. In comparison to typical firms in the property management sector, which often have more robust balance sheets and diversified income streams, this company’s scale and financial profile are modest, limiting its competitive reach but fitting well within a micro-entity real estate niche.