HMA PROPERTY HOLDINGS LTD

🌱Startupactive
SC843719 · ltd · incorporated 2025-04-02
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 0.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 0.6 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (56/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-01-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-01-12
    🔒
    Charge registered #3
    Lender: Aldermore Bank PLC
  3. 2025-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-10-20
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  5. 2025-10-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-10-16
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  7. 2025-04-02
    🏢
    Company incorporated
    As HMA PROPERTY HOLDINGS LTD
  8. 2025-04-02
    ARMOOGUM, Kris Sudesh appointed
    director
  9. 2025-04-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Young company: Only 1.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-01-12: A registered charge; 2025-10-20: A registered charge; 2025-10-16: A registered charge

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kris Sudesh Armoogum
Individual · British · DOB 08/1967 · age 59
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/04/2025

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

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Company details

Statusactive
Typeltd
Incorporated2025-04-02
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Craigard
Main Street
Lybster
KW3 6AQ
Scotland

Filing status

Accounts
Next due: 2027-01-02
Last made up to:
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (1 active · 0 resigned)

ARMOOGUM, Kris Sudesh
director · ~59y · appointed 2025-04-02
View their other companies + combined net worth →
Active

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Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property12/01/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property20/10/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge16/10/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (5 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-17
incorporation-company
incorporation · NEWINC
2025-04-02