Bong Hwang Ltd

POWER SEARCH PRICING

SOLUTIONS

bong hwang ltd Company Information

Live

EstablishedSmallHigh

Company Number

05416239

Website

Registered Address

85-87 kingston road, new malden, surrey, KT3 3PA

Industry

Licensed restaurants

Telephone

Next Accounts Due

January 2025

Group Structure

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Directors

Kangmun Bae13 Years

Shareholders

kangmun bae 51%

hye yeon kwon 49%

bong hwang ltd Estimated Valuation

£878.2k

Pomanda estimates the enterprise value of BONG HWANG LTD at £878.2k based on a Turnover of £1.5m and 0.58x industry multiple (adjusted for size and gross margin).

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Bong Hwang Ltd is a live company located in surrey, KT3 3PA with a Companies House number of 05416239. It operates in the licenced restaurants sector, SIC Code 56101. Founded in April 2005, it's largest shareholder is kangmun bae with a 51% stake. Bong Hwang Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded Bong Hwang Ltd a 3.5 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 Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£2m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.9%)

EXPORT

Bong Hwang Ltd's latest turnover from April 2023 is estimated at £1.5 million and the company has net assets of £254.9 thousand. According to their latest financial statements, Bong Hwang Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,521,387	950,653	560,114	961,066	1,736,601	929,810	200,775	176,222	43,106	124,843	180,494	139,665	267,365	280,879
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	994,036	629,279	400,145	599,423	1,077,022	571,300	119,353	105,726	25,963	76,336	112,473	87,308	158,674	163,126
Gross Profit	527,351	321,373	159,969	361,643	659,579	358,510	81,422	70,496	17,143	48,506	68,021	52,357	108,691	117,753
Admin Expenses	475,332	192,440	174,487	309,310	594,731	331,079	84,256	36,092	-22,955	24,188	50,320	14,117	128,587	208,213
Operating Profit	52,019	128,933	-14,518	52,333	64,848	27,431	-2,834	34,404	40,098	24,318	17,701	38,240	-19,896	-90,460
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	49	58	129	90	82	94	92	65	14
Pre-Tax Profit	52,019	128,933	-14,518	52,333	64,848	27,480	-2,776	34,533	40,189	24,400	17,795	38,332	-19,831	-90,446
Tax	-13,005	-24,497	0	-9,943	-12,321	-5,221	0	-6,906	-8,038	-5,124	-4,093	-9,200	0	0
Profit After Tax	39,014	104,436	-14,518	42,390	52,527	22,259	-2,776	27,626	32,151	19,276	13,702	29,132	-19,831	-90,446
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,014	104,436	-14,518	42,390	52,527	22,259	-2,776	27,626	32,151	19,276	13,702	29,132	-19,831	-90,446
Employee Costs	114,067	140,333	133,552	157,692	517,326	275,713	117,048	114,250	16,530	47,338	61,649	44,266	74,665	86,152
Number Of Employees	6	8	8	9	29	16	7	7	1	3	4	3	5	6
EBITDA*	52,019	128,933	-14,518	52,333	64,848	27,431	685	41,779	47,869	33,065	27,635	49,093	-7,130	-75,503

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	16,839	6,384	8,512	10,664	13,840	17,368	13,889	17,408	19,087	22,987	27,734	31,413	39,066	47,827
Intangible Assets	0	0	0	0	0	0	0	0	3,000	5,999	8,999	11,999	14,999	17,999
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	16,839	6,384	8,512	10,664	13,840	17,368	13,889	17,408	22,087	28,986	36,733	43,412	54,065	65,826
Stock & work in progress	0	0	0	0	0	0	5,000	5,000	5,000	4,437	7,450	4,869	310	3,260
Trade Debtors	278,939	265,399	118,247	154,366	132,123	63,282	0	0	1,379	7,158	7,765	7,000	15,826	14,117
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	8,050	7,000	7,524	0	0	0	0	0
Cash	0	0	0	0	0	0	19,619	26,858	24,724	11,392	21,445	16,173	20,623	5,432
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	278,939	265,399	118,247	154,366	132,123	63,282	32,669	38,858	38,627	22,987	36,660	28,042	36,759	22,809
total assets	295,778	271,783	126,759	165,030	145,963	80,650	46,558	56,266	60,714	51,973	73,393	71,454	90,824	88,635
Bank overdraft	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
Trade Creditors	40,836	55,855	15,267	39,020	62,343	49,557	0	2,611	0	14,298	26,680	38,717	33,902	15,339
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	37,624	21,205	10,255	0	0	0	0	0
total current liabilities	40,836	55,855	15,267	39,020	62,343	49,557	37,624	23,816	10,255	14,298	26,680	38,717	33,902	15,339
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	20,740	66,375	85,742	114,056	113,782	167,099	163,642
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	20,740	66,375	85,742	114,056	113,782	167,099	163,642
total liabilities	40,836	55,855	15,267	39,020	62,343	49,557	37,624	44,556	76,630	100,040	140,736	152,499	201,001	178,981
net assets	254,942	215,928	111,492	126,010	83,620	31,093	8,934	11,710	-15,916	-48,067	-67,343	-81,045	-110,177	-90,346
total shareholders funds	254,942	215,928	111,492	126,010	83,620	31,093	8,934	11,710	-15,916	-48,067	-67,343	-81,045	-110,177	-90,346

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	52,019	128,933	-14,518	52,333	64,848	27,431	-2,834	34,404	40,098	24,318	17,701	38,240	-19,896	-90,460
Depreciation	0	0	0	0	0	0	3,519	4,375	4,772	5,747	6,934	7,853	9,766	11,957
Amortisation	0	0	0	0	0	0	0	3,000	2,999	3,000	3,000	3,000	3,000	3,000
Tax	-13,005	-24,497	0	-9,943	-12,321	-5,221	0	-6,906	-8,038	-5,124	-4,093	-9,200	0	0
Stock	0	0	0	0	0	-5,000	0	0	563	-3,013	2,581	4,559	-2,950	3,260
Debtors	13,540	147,152	-36,119	22,243	68,841	55,232	1,050	-1,903	1,745	-607	765	-8,826	1,709	14,117
Creditors	-15,019	40,588	-23,753	-23,323	12,786	49,557	-2,611	2,611	-14,298	-12,382	-12,037	4,815	18,563	15,339
Accruals and Deferred Income	0	0	0	0	0	-37,624	16,419	10,950	10,255	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	10,455	-2,128	-2,152	-3,176	-3,528	-16,089	13,443	50,337	33,480	19,179	8,159	48,975	12,674	-77,541
Investing Activities
capital expenditure	-10,455	2,128	2,152	3,176	3,528	-3,479	0	-2,696	-872	-1,000	-3,255	-200	-1,005	-80,783
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-10,455	2,128	2,152	3,176	3,528	-3,479	0	-2,696	-872	-1,000	-3,255	-200	-1,005	-80,783
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-20,740	-45,635	-19,367	-28,314	274	-53,317	3,457	163,642
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	49	58	129	90	82	94	92	65	14
cash flow from financing	0	0	0	0	0	-51	-20,682	-45,506	-19,277	-28,232	368	-53,225	3,522	163,756
cash and cash equivalents
cash	0	0	0	0	0	-19,619	-7,239	2,134	13,332	-10,053	5,272	-4,450	15,191	5,432
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-19,619	-7,239	2,134	13,332	-10,053	5,272	-4,450	15,191	5,432

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BONG HWANG LTD group structure

Bong Hwang Ltd has no subsidiary companies.

Ultimate parent company

BONG HWANG LTD

05416239

BONG HWANG LTD Shareholders

kangmun bae	51%
hye yeon kwon	49%

Bong Hwang Ltd currently has 1 director, Mr Kangmun Bae serving since Apr 2011.

officer	country	age	start	end	role
Mr Kangmun Bae	United Kingdom	46 years	Apr 2011	-	Director

P&L

April 2023

turnover

1.5m

+60%

operating profit

52k

gross margin

34.7%

+2.53%

turnover

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

Balance Sheet

April 2023

net assets

254.9k

+0.18%

total assets

295.8k

+0.09%

cash

net assets

Total assets minus all liabilities

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company number

05416239

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

April 2005

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

85-87 kingston road, new malden, surrey, KT3 3PA

last accounts submitted

April 2023

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 did not find charges/mortgages relating to bong hwang ltd.

bong hwang ltd Company Information

bong hwang ltd Estimated Valuation

bong hwang ltd Estimated Valuation

bong hwang ltd Estimated Valuation

Bong Hwang Ltd Overview

Bong Hwang Ltd Health Check

BONG HWANG LTD financials

bong hwang ltd Credit Report and Business Information

Bong Hwang Ltd Competitor Analysis

bong hwang ltd Ownership

bong hwang ltd directors

bong hwang ltd company details

bong hwang ltd Charges & Mortgages

bong hwang ltd Companies House Filings - See Documents