Pomanda estimates the enterprise value of TSING HING LIMITED at £1m based on a Turnover of £3.4m and 0.3x industry multiple (adjusted for size and gross margin).
tsing hing limitedEstimated Valuation
£864.8k
Pomanda estimates the enterprise value of TSING HING LIMITED at £864.8k based on an EBITDA of £240.7k and a 3.59x industry multiple (adjusted for size and gross margin).
tsing hing limitedEstimated Valuation
£5.4m
Pomanda estimates the enterprise value of TSING HING LIMITED at £5.4m based on Net Assets of £2.1m and 2.64x industry multiple (adjusted for liquidity).
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Tsing Hing LimitedOverview
Tsing Hing Limited is a live company located in newcastle upon tyne, NE4 7AW with a Companies House number of 02605712. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in April 1991, it's largest shareholder is
hin chor tsang
with a 40% stake. Tsing Hing Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3.4m with
declining
growth in recent years.
Pomanda's financial health check has awarded Tsing Hing Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.4m, make it smaller than the average company (£15.6m)
£3.4m - Tsing Hing Limited
£15.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6%)
-7% - Tsing Hing Limited
6% - Industry AVG
Production
with a gross margin of 27%, this company has a comparable cost of product (27%)
27% - Tsing Hing Limited
27% - Industry AVG
Profitability
an operating margin of 4.9% make it as profitable than the average company (5.3%)
4.9% - Tsing Hing Limited
5.3% - Industry AVG
Employees
with 15 employees, this is below the industry average (38)
15 - Tsing Hing Limited
38 - Industry AVG
Pay Structure
on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)
£42.7k - Tsing Hing Limited
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £224.8k, this is less efficient (£367.1k)
£224.8k - Tsing Hing Limited
£367.1k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (53 days)
23 days - Tsing Hing Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (34 days)
95 days - Tsing Hing Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 101 days, this is more than average (76 days)
101 days - Tsing Hing Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 15 weeks, this is average cash available to meet short term requirements (14 weeks)
15 weeks - Tsing Hing Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.5%, this is a lower level of debt than the average (47.9%)
25.5% - Tsing Hing Limited
47.9% - Industry AVG
TSING HING LIMITED financials
EXPORT
Tsing Hing Limited's latest turnover from September 2023 is estimated at £3.4 million and the company has net assets of £2.1 million. According to their latest financial statements, Tsing Hing Limited has 15 employees and maintains cash reserves of £208.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
3,371,937
3,331,612
3,748,436
4,156,169
4,378,355
6,315,845
2,674,812
2,030,751
1,815,980
2,442,454
2,765,322
3,005,129
2,568,412
2,919,455
Other Income Or Grants
Cost Of Sales
2,461,075
2,408,367
2,734,162
3,037,060
3,206,607
4,634,129
1,944,370
1,459,224
1,307,435
1,766,229
1,995,762
2,167,807
1,853,009
2,092,226
Gross Profit
910,862
923,245
1,014,274
1,119,109
1,171,749
1,681,717
730,443
571,527
508,545
676,225
769,561
837,322
715,403
827,230
Admin Expenses
747,245
780,797
860,715
885,188
1,075,550
1,703,576
596,783
657,012
474,188
590,926
851,138
953,736
713,721
856,062
-2,192,726
Operating Profit
163,617
142,448
153,559
233,921
96,199
-21,859
133,660
-85,485
34,357
85,299
-81,577
-116,414
1,682
-28,832
2,192,726
Interest Payable
4,117
4,117
15,807
29,481
14,221
Interest Receivable
7,058
3,792
301
291
961
328
206
153
186
368
616
618
500
591
388
Pre-Tax Profit
170,675
146,240
149,743
230,095
97,160
-21,531
118,059
-114,813
20,323
85,667
-80,961
-115,796
2,182
-28,241
2,193,114
Tax
-42,669
-27,786
-28,451
-43,718
-18,460
-22,431
-4,064
-17,990
-567
-614,072
Profit After Tax
128,006
118,454
121,292
186,377
78,700
-21,531
95,628
-114,813
16,258
67,677
-80,961
-115,796
1,615
-28,241
1,579,042
Dividends Paid
Retained Profit
128,006
118,454
121,292
186,377
78,700
-21,531
95,628
-114,813
16,258
67,677
-80,961
-115,796
1,615
-28,241
1,579,042
Employee Costs
640,336
614,036
577,482
1,236,293
1,293,091
1,263,156
354,283
241,812
234,827
297,829
330,850
357,342
291,064
373,219
Number Of Employees
15
15
15
33
35
35
10
7
7
9
10
11
9
12
EBITDA*
240,707
207,534
212,778
281,693
143,210
-21,859
133,660
-34,003
34,357
144,308
-23,604
-54,558
68,873
41,207
2,260,488
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
1,640,544
1,611,932
1,569,413
1,368,399
1,402,412
1,447,323
1,494,451
1,544,075
1,604,112
1,493,684
1,536,609
1,594,582
1,656,438
1,708,546
1,716,231
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,640,544
1,611,932
1,569,413
1,368,399
1,402,412
1,447,323
1,494,451
1,544,075
1,604,112
1,493,684
1,536,609
1,594,582
1,656,438
1,708,546
1,716,231
Stock & work in progress
681,571
804,762
670,919
636,250
500,672
612,180
494,350
474,601
424,795
428,496
513,010
515,206
547,695
461,091
Trade Debtors
214,080
199,195
260,503
122,241
217,595
799,066
254,857
218,904
213,164
301,717
321,433
333,462
288,686
325,862
381,726
Group Debtors
Misc Debtors
7,385
18,290
10,903
Cash
208,857
60,024
277,040
325,290
256,302
87,360
77,427
45,154
29,343
117,908
128,508
118,611
81,408
155,077
misc current assets
total current assets
1,111,893
1,082,271
1,208,462
1,083,781
974,569
799,066
954,397
801,584
732,919
755,855
867,837
974,980
922,503
954,965
997,894
total assets
2,752,437
2,694,203
2,777,875
2,452,180
2,376,981
2,246,389
2,448,848
2,345,659
2,337,031
2,249,539
2,404,446
2,569,562
2,578,941
2,663,511
2,714,125
Bank overdraft
125,364
159,770
Bank loan
Trade Creditors
645,484
677,922
922,349
632,975
631,031
565,060
682,702
481,766
402,389
657,633
780,006
854,760
696,288
785,078
735,262
Group/Directors Accounts
594
359
659
1,056
other short term finances
hp & lease commitments
5,417
4,167
other current liabilities
54,373
46,741
6,938
31,970
total current liabilities
700,451
725,022
922,349
632,975
631,031
565,060
682,702
620,144
599,352
657,633
780,006
854,760
696,288
785,078
735,262
loans
134,971
380,455
277,806
hp & lease commitments
Accruals and Deferred Income
other liabilities
45,201
50,000
248,093
282,451
325,458
148,291
248,502
257,903
309,958
307,353
379,542
provisions
total long term liabilities
45,201
50,000
134,971
248,093
282,451
325,458
380,455
277,806
148,291
248,502
257,903
309,958
307,353
379,542
total liabilities
700,451
770,223
972,349
767,946
879,124
847,511
1,008,160
1,000,599
877,158
805,924
1,028,508
1,112,663
1,006,246
1,092,431
1,114,804
net assets
2,051,986
1,923,980
1,805,526
1,684,234
1,497,857
1,398,878
1,440,688
1,345,060
1,459,873
1,443,615
1,375,938
1,456,899
1,572,695
1,571,080
1,599,321
total shareholders funds
2,051,986
1,923,980
1,805,526
1,684,234
1,497,857
1,398,878
1,440,688
1,345,060
1,459,873
1,443,615
1,375,938
1,456,899
1,572,695
1,571,080
1,599,321
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
163,617
142,448
153,559
233,921
96,199
-21,859
133,660
-85,485
34,357
85,299
-81,577
-116,414
1,682
-28,832
2,192,726
Depreciation
77,090
65,086
59,219
47,772
47,011
51,482
59,009
57,973
61,856
67,191
70,039
67,762
Amortisation
Tax
-42,669
-27,786
-28,451
-43,718
-18,460
-22,431
-4,064
-17,990
-567
-614,072
Stock
-123,191
133,843
34,669
135,578
500,672
-612,180
117,830
19,749
49,806
-3,701
-84,514
-2,196
-32,489
86,604
461,091
Debtors
3,980
-43,018
138,262
-95,354
-581,471
544,209
25,050
16,643
-88,553
-19,716
-12,029
44,776
-37,176
-55,864
381,726
Creditors
-32,438
-244,427
289,374
1,944
65,971
-117,642
200,936
79,377
-255,244
-122,373
-74,754
158,472
-88,790
49,816
735,262
Accruals and Deferred Income
7,632
46,741
-6,938
-25,032
31,970
Deferred Taxes & Provisions
Cash flow from operations
292,443
-108,763
300,770
199,695
271,520
-71,530
162,347
-16,050
-154,234
27,362
-1,815
61,334
49,181
60,283
1,538,861
Investing Activities
capital expenditure
-105,702
-107,605
-260,233
-13,759
-2,100
47,128
49,624
8,555
-110,428
-16,084
-15,083
-62,354
-1,783,993
Change in Investments
cash flow from investments
-105,702
-107,605
-260,233
-13,759
-2,100
47,128
49,624
8,555
-110,428
-16,084
-15,083
-62,354
-1,783,993
Financing Activities
Bank loans
Group/Directors Accounts
235
359
-659
-397
1,056
Other Short Term Loans
Long term loans
-134,971
134,971
-380,455
102,649
277,806
Hire Purchase and Lease Commitments
-5,417
1,250
4,167
other long term liabilities
-45,201
-4,799
50,000
-248,093
-34,358
-43,007
325,458
-148,291
-100,211
-9,401
-52,055
2,605
-72,189
379,542
share issue
20,279
-20,279
20,279
interest
7,058
3,792
-3,816
-3,826
961
328
-15,601
-29,328
-14,035
368
616
618
500
591
388
cash flow from financing
-37,908
-648
-88,787
-116,948
-13,118
-62,958
-76,674
74,174
120,703
-99,843
-8,785
-51,437
3,105
-71,598
400,209
cash and cash equivalents
cash
148,833
-217,016
-48,250
68,988
256,302
-87,360
9,933
32,273
15,811
-88,565
-10,600
9,897
37,203
-73,669
155,077
overdraft
-125,364
-34,406
159,770
change in cash
148,833
-217,016
-48,250
68,988
256,302
-87,360
135,297
66,679
-143,959
-88,565
-10,600
9,897
37,203
-73,669
155,077
tsing hing limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tsing hing limited. Get real-time insights into tsing hing limited's credit score, group structure and payment trends.
Perform a competitor analysis for tsing hing limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NE4 area or any other competitors across 12 key performance metrics.
tsing hing limited Ownership
TSING HING LIMITED group structure
Tsing Hing Limited has no subsidiary companies.
Ultimate parent company
TSING HING LIMITED
02605712
TSING HING LIMITED Shareholders
The largest shareholders in Tsing Hing Limited include Hin Chor Tsang and Nigel Hin For Tsang.
hin chor tsang
40%
nigel hin for tsang
30%
janis shuk fan tsang
30%
tsing hing limited directors
Tsing Hing Limited currently has 2 directors.
The longest serving directors include
Mrs Janis Tsang (Sep 1993) and
Mr Nigel Tsang (Sep 1993).
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 8 charges/mortgages relating to tsing hing limited. Currently there are 7 open charges and 1 have been satisfied in the past.
tsing hing limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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tsing hing limitedCompanies House Filings - See Documents
