Company Number: 14144243

Analysis Date: 2025-07-29 14:53 UTC

1. Risk Rating: MEDIUM

Justification: HMCA ESTATES LIMITED is a recently incorporated private limited company with limited financial history. The latest available financials (for the 2023 year-end when the company was named JORY LIMITED) show a very modest net asset base (£1,332) and minimal net current assets (£1,832), indicating a tight working capital position. There is no indication of overdue filings or liquidation, but the small scale and limited financial buffer suggest moderate solvency and liquidity risks.

2. Key Concerns:

• Limited financial resources: Net assets and net current assets are very low, which may constrain the company’s ability to absorb shocks or finance operations.
• Recent significant changes in control and directors: Multiple director appointments and resignations within a short time frame, including PSC changes, may indicate instability or restructuring.
• Lack of detailed financial disclosures: Being an audit-exempt subsidiary with micro-entity accounts limits insight into profitability, cash flows, and contingent liabilities.

3. Positive Indicators:

• Up-to-date statutory compliance: No overdue accounts or confirmation statements; filings are current.
• Active status with no liquidation or insolvency proceedings.
• Ownership and control appear transparent, with PSC information clearly recorded.
• Operating in real estate agencies sector, a potentially stable line of business if well managed.

4. Due Diligence Notes:

• Obtain more recent management accounts or financials for the 2024 period to assess current financial health and cash flow.
• Investigate reasons behind director turnover and control shifts, especially the resignation and reappointment pattern of Joanna Margaret Nash.
• Understand the nature of the company’s business activities post name change and incorporation to evaluate operational sustainability.
• Confirm relationship with Scriven Park Estates Limited given shared address and overlapping control, to assess group structure and intercompany dependencies.