Yang Ming (uk) Ltd

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yang ming (uk) ltd Company Information

Live

MatureLargeDeclining

Company Number

03311986

Next Accounts

Sep 2025

Industry

Other transportation support activities

Freight transport by road

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Directors

Ming-Feng Wu

Chin-Jung Lee

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Shareholders

ming-feng wu

Group Structure

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Contact

Registered Address

210 south street, romford, RM1 1TR

Website

www.yangming.com

yang ming (uk) ltd Estimated Valuation

£185.4m

Pomanda estimates the enterprise value of YANG MING (UK) LTD at £185.4m based on Net Assets of £96.6m and 1.92x industry multiple (adjusted for liquidity).

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Yang Ming (uk) Ltd is a live company located in romford, RM1 1TR with a Companies House number of 03311986. It operates in the freight transport by road sector, SIC Code 49410. Founded in January 1997, it's largest shareholder is ming-feng wu with a 100% stake. Yang Ming (uk) Ltd is a mature, large sized company, Pomanda has estimated its turnover at £92m with declining growth in recent years.

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Pomanda's financial health check has awarded Yang Ming (Uk) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £92m, make it larger than the average company (£10m)

Growth

3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (9.9%)

EXPORT

Yang Ming (Uk) Ltd's latest turnover from December 2023 is £92 million and the company has net assets of £96.6 million. According to their latest financial statements, Yang Ming (Uk) Ltd has 66 employees and maintains cash reserves of £107.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	92,047,970	851,584,467	500,404,416	370,661,718	318,970,773	348,645,352	346,065,547	295,653,425	397,305,658	362,818,889	404,398,954	419,347,505	464,077,480	437,972,992	297,518,344
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	92,763,326	673,854,084	266,687,810	321,169,284	315,534,576	354,451,356	337,643,291	297,221,925	375,803,288	360,588,588	398,737,959	401,041,785	484,031,434	404,445,486	323,516,834
Gross Profit	-715,356	177,730,383	233,716,606	49,492,434	3,436,197	-5,806,004	8,422,256	-1,568,500	21,502,370	2,230,301	5,660,995	18,305,720	-19,953,954	33,527,506	-25,998,490
Admin Expenses	3,640,761	3,731,193	3,561,529	3,737,885	3,285,870	3,003,186	2,708,062	2,432,814	2,555,176	2,534,556	2,672,379	2,515,086	2,813,880	10,823,302	2,915,895
Operating Profit	-4,356,117	173,999,190	230,155,077	45,754,549	150,327	-8,809,190	5,714,194	-4,001,314	18,947,194	-304,255	2,988,616	15,790,634	-22,767,834	22,704,204	-28,914,385
Interest Payable	5,514,996	11,528,613	6,024,104	9,447,807	9,849,231	7,590,345	8,362,589	8,415,445	7,736,212	7,663,886	8,638,735	8,333,842	9,058,929	4,491,426	1,539
Interest Receivable	20,195,510	40,183,610	79,327	8,447	63,436	61,557	296,338	127,432	351,236	185,636	131,402	60,943	36,646	31,200	32,369
Pre-Tax Profit	10,418,235	202,784,142	224,692,304	36,340,189	-9,610,468	-16,434,364	-2,470,073	-12,069,532	11,695,471	-7,700,788	-5,133,634	7,519,935	-31,156,925	18,268,118	-28,920,230
Tax	2,084,983	-42,728,456	-30,729,714	0	0	0	0	34,236	-34,236	0	12,068	-12,068	0	0	0
Profit After Tax	12,503,218	160,055,686	193,962,590	36,340,189	-9,610,468	-16,434,364	-2,470,073	-12,035,296	11,661,235	-7,700,788	-5,121,566	7,507,867	-31,156,925	18,268,118	-28,920,230
Dividends Paid	0	295,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,503,218	-134,944,314	193,962,590	36,340,189	-9,610,468	-16,434,364	-2,470,073	-12,035,296	11,661,235	-7,700,788	-5,121,566	7,507,867	-31,156,925	18,268,118	-28,920,230
Employee Costs	2,716,222	2,869,568	2,636,809	2,437,210	2,251,271	2,099,617	1,953,268	1,831,495	1,903,283	1,863,515	1,802,962	1,825,340	1,967,890	1,813,895	1,964,852
Number Of Employees	66	65	64	68	68	66	63	62	58	61	59	61	63	68	76
EBITDA*	12,817,674	201,005,734	257,251,695	83,358,790	30,316,386	425,425	14,996,836	5,566,944	26,679,367	6,749,009	9,607,347	23,500,346	-14,552,018	26,446,401	-28,775,265

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,104,468	641,956	84,756,710	78,094,753	131,824,473	81,968,339	84,995,376	103,752,848	93,208,977	94,407,326	95,544,926	104,414,634	116,792,477	123,923,866	282,981
Intangible Assets	44,055,655	63,703,013	0	0	0	0	0	0	0	5,001	16,037	9,448	0	0	0
Investments & Other	571,297	627,459	647,504	500	500	500	500	500	500	500	500	500	500	500	500
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	46,731,420	64,972,428	85,404,214	78,095,253	131,824,973	81,968,839	84,995,876	103,753,348	93,209,477	94,412,827	95,561,463	104,424,582	116,792,977	123,924,366	283,481
Stock & work in progress	955,571	11,528,037	6,944,929	7,770,594	11,586,607	16,899,812	8,788,281	4,899,090	3,135,676	10,081,797	8,435,417	7,611,197	13,815,453	11,437,081	13,202,985
Trade Debtors	6,162,364	18,814,773	57,839,198	47,296,149	36,830,670	25,866,492	21,866,585	13,025,050	15,903,422	14,665,493	30,230,011	17,453,795	22,048,304	21,908,906	14,084,139
Group Debtors	1,021,421	25,989,612	56,915,448	18,266,851	10,686,522	28,694,838	38,323,217	70,363,990	57,406,850	33,168,362	17,485,425	22,149,581	108,589	46,294	0
Misc Debtors	8,575,290	24,864,622	1,781,815	1,745,112	5,205,483	5,215,729	522,439	1,799,807	2,506,407	1,762,912	1,950,967	2,598,447	12,075,307	12,985,791	10,789,540
Cash	107,154,701	372,970,293	134,076,188	32,856,631	5,017,787	4,579,473	11,148,321	4,377,507	10,712,580	16,379,805	11,608,598	12,949,313	13,473,191	17,829,206	2,212,553
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	123,869,347	454,167,337	257,557,578	107,935,337	69,327,069	81,256,344	80,648,843	94,465,444	89,664,935	76,058,369	69,710,418	62,762,333	61,520,844	64,207,278	40,289,217
total assets	170,600,767	519,139,765	342,961,792	186,030,590	201,152,042	163,225,183	165,644,719	198,218,792	182,874,412	170,471,196	165,271,881	167,186,915	178,313,821	188,131,644	40,572,698
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,511,879	7,602,759	9,730,126	174,201,142	16,053,007	18,158,664	10,650,819	8,116,119	10,837,451	13,674,958	12,556,294	8,884,070	11,891,285	11,056,603	11,185,256
Group/Directors Accounts	1,686,586	21,832,519	0	0	107,851,800	106,258,304	95,224,505	103,723,834	80,893,741	73,284,921	4,405,898	3,671,967	18,242,542	3,908,919	17,890,368
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	16,035,843	22,685,949	24,280,487	0	31,278,482	7,855,375	6,857,028	6,999,093	5,393,242	4,784,417	4,194,067	3,991,865	3,892,305	3,602,565	0
other current liabilities	4,123,178	10,095,775	25,457,587	0	20,412,818	26,264,505	24,814,253	38,544,607	35,132,020	36,795,008	92,472,235	88,541,953	83,314,299	73,477,696	53,020,085
total current liabilities	25,357,486	62,217,002	59,468,200	174,201,142	175,596,107	158,536,848	137,546,605	157,383,653	132,256,454	128,539,304	113,628,494	105,089,855	117,340,431	92,045,783	82,095,709
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	48,609,668	68,605,755	82,039,848	76,664,059	125,366,573	98,656,636	99,928,606	117,149,628	102,818,850	103,175,576	101,716,546	108,319,340	117,699,040	120,955,760	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	48,609,668	68,605,755	82,039,848	76,664,059	125,366,573	98,656,636	99,928,606	117,149,628	102,818,850	103,175,576	101,716,546	108,319,340	117,699,040	120,955,760	0
total liabilities	73,967,154	130,822,757	141,508,048	250,865,201	300,962,680	257,193,484	237,475,211	274,533,281	235,075,304	231,714,880	215,345,040	213,409,195	235,039,471	213,001,543	82,095,709
net assets	96,633,613	388,317,008	201,453,744	-64,834,611	-99,810,638	-93,968,301	-71,830,492	-76,314,489	-52,200,892	-61,243,684	-50,073,159	-46,222,280	-56,725,650	-24,869,899	-41,523,011
total shareholders funds	96,633,613	388,317,008	201,453,744	-64,834,611	-99,810,638	-93,968,301	-71,830,492	-76,314,489	-52,200,892	-61,243,684	-50,073,159	-46,222,280	-56,725,650	-24,869,899	-41,523,011

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-4,356,117	173,999,190	230,155,077	45,754,549	150,327	-8,809,190	5,714,194	-4,001,314	18,947,194	-304,255	2,988,616	15,790,634	-22,767,834	22,704,204	-28,914,385
Depreciation	591,019	1,159,454	27,096,618	37,604,241	30,166,059	9,234,615	9,282,642	9,568,258	7,726,928	7,041,244	6,604,327	7,709,712	8,215,816	3,742,197	139,120
Amortisation	16,582,772	25,847,090	0	0	0	0	0	0	5,245	12,020	14,404	0	0	0	0
Tax	2,084,983	-42,728,456	-30,729,714	0	0	0	0	34,236	-34,236	0	12,068	-12,068	0	0	0
Stock	-10,572,466	4,583,108	-825,665	-3,816,013	-5,313,205	8,111,531	3,889,191	1,763,414	-6,946,121	1,646,380	824,220	-6,204,256	2,378,372	-1,765,904	13,202,985
Debtors	-53,909,932	-46,867,454	49,228,349	14,585,437	-7,054,384	-935,182	-24,476,606	9,372,168	26,219,912	-69,636	7,464,580	7,969,623	-708,791	10,067,312	24,873,679
Creditors	-4,090,880	-2,127,367	-164,471,016	158,148,135	-2,105,657	7,507,845	2,534,700	-2,721,332	-2,837,507	1,118,664	3,672,224	-3,007,215	834,682	-128,653	11,185,256
Accruals and Deferred Income	-5,972,597	-15,361,812	25,457,587	-20,412,818	-5,851,687	1,450,252	-13,730,354	3,412,587	-1,662,988	-55,677,227	3,930,282	5,227,654	9,836,603	20,457,611	53,020,085
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	69,321,578	183,072,445	39,105,868	210,324,683	34,726,631	2,207,173	24,388,597	-4,843,147	2,870,845	-49,386,298	8,933,121	23,943,350	-5,550,314	38,473,951	-2,646,588
Investing Activities
capital expenditure	0	0	0	16,125,479	-80,022,193	-6,207,578	9,474,830	-20,112,129	-6,528,823	-5,904,628	2,244,388	4,658,683	-1,084,427	-127,383,082	-422,101
Change in Investments	-56,162	-20,045	647,004	0	0	0	0	0	0	0	0	0	0	0	500
cash flow from investments	56,162	20,045	-647,004	16,125,479	-80,022,193	-6,207,578	9,474,830	-20,112,129	-6,528,823	-5,904,628	2,244,388	4,658,683	-1,084,427	-127,383,082	-422,601
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-20,145,933	21,832,519	0	-107,851,800	1,593,496	11,033,799	-8,499,329	22,830,093	7,608,820	68,879,023	733,931	-14,570,575	14,333,623	-13,981,449	17,890,368
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-26,646,193	-15,028,631	29,656,276	-79,980,996	50,133,044	-273,623	-17,363,087	15,936,629	252,099	2,049,380	-6,400,592	-9,280,140	-2,966,980	124,558,325	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-304,186,613	321,807,578	72,325,765	-1,364,162	3,768,131	-5,703,445	6,954,070	-12,078,301	-2,618,443	-3,469,737	1,270,687	2,995,503	-698,826	-1,615,006	-12,602,781
interest	14,680,514	28,654,997	-5,944,777	-9,439,360	-9,785,795	-7,528,788	-8,066,251	-8,288,013	-7,384,976	-7,478,250	-8,507,333	-8,272,899	-9,022,283	-4,460,226	30,830
cash flow from financing	-336,298,225	357,266,463	96,037,264	-198,636,318	45,708,876	-2,472,057	-26,974,597	18,400,408	-2,142,500	59,980,416	-12,903,307	-29,128,111	1,645,534	104,501,644	5,318,417
cash and cash equivalents
cash	-265,815,592	238,894,105	101,219,557	27,838,844	438,314	-6,568,848	6,770,814	-6,335,073	-5,667,225	4,771,207	-1,340,715	-523,878	-4,356,015	15,616,653	2,212,553
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-265,815,592	238,894,105	101,219,557	27,838,844	438,314	-6,568,848	6,770,814	-6,335,073	-5,667,225	4,771,207	-1,340,715	-523,878	-4,356,015	15,616,653	2,212,553

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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YANG MING (UK) LTD group structure

Yang Ming (Uk) Ltd has 1 subsidiary company.

Ultimate parent company

YANG MING (UK) LTD

03311986

1 subsidiary

CORSTOR LIMITED

03832856

YANG MING (UK) LTD Shareholders

ming-feng wu

100%

Yang Ming (Uk) Ltd currently has 3 directors. The longest serving directors include Mr Ming-Feng Wu (Sep 2021) and Miss Chin-Jung Lee (Jun 2022).

officer	country	age	start	end	role
Mr Ming-Feng Wu	England	45 years	Sep 2021	-	Director
Miss Chin-Jung Lee		51 years	Jun 2022	-	Director
Mr Yen-Pang Chen		46 years	Jun 2023	-	Director

P&L

December 2023

turnover

92m

-89%

operating profit

-4.4m

-103%

gross margin

-0.7%

-103.72%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

96.6m

-0.75%

total assets

170.6m

-0.67%

cash

107.2m

-0.71%

net assets

Total assets minus all liabilities

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company number

03311986

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

52290 - Other transportation support activities

49410 - Freight transport by road

incorporation date

January 1997

ultimate parent company

None

previous names

yangming (uk) ltd (October 2007)

address

210 south street, romford, RM1 1TR

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 4 charges/mortgages relating to yang ming (uk) ltd. Currently there are 4 open charges and 0 have been satisfied in the past.

yang ming (uk) ltd Company Information

yang ming (uk) ltd Estimated Valuation

yang ming (uk) ltd Estimated Valuation

yang ming (uk) ltd Estimated Valuation

Yang Ming (uk) Ltd Overview

Yang Ming (uk) Ltd Health Check

YANG MING (UK) LTD financials

yang ming (uk) ltd Credit Report and Business Information

Yang Ming (uk) Ltd Competitor Analysis

yang ming (uk) ltd Ownership

yang ming (uk) ltd directors

yang ming (uk) ltd company details

yang ming (uk) ltd Charges & Mortgages

yang ming (uk) ltd Companies House Filings - See Documents