hong kong funeral services ltd
hong kong funeral services ltd Company Information
Company Number
09730315
Registered Address
35-37 cambrian street, manchester, lancashire, M40 7EP
Industry
Funeral and related activities
Telephone
01612116742
Next Accounts Due
May 2025
Group Structure
View All
Directors
Kin Wong9 Years
Shareholders
kin wong 100%
hong kong funeral services ltd Estimated Valuation
Pomanda estimates the enterprise value of HONG KONG FUNERAL SERVICES LTD at £1.2m based on a Turnover of £1.6m and 0.74x industry multiple (adjusted for size and gross margin).
hong kong funeral services ltd Estimated Valuation
Pomanda estimates the enterprise value of HONG KONG FUNERAL SERVICES LTD at £0 based on an EBITDA of £-14.4k and a 3.71x industry multiple (adjusted for size and gross margin).
hong kong funeral services ltd Estimated Valuation
Pomanda estimates the enterprise value of HONG KONG FUNERAL SERVICES LTD at £296.1k based on Net Assets of £116.2k and 2.55x industry multiple (adjusted for liquidity).
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Hong Kong Funeral Services Ltd Overview
Hong Kong Funeral Services Ltd is a live company located in lancashire, M40 7EP with a Companies House number of 09730315. It operates in the funeral and related activities sector, SIC Code 96030. Founded in August 2015, it's largest shareholder is kin wong with a 100% stake. Hong Kong Funeral Services Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.6m with rapid growth in recent years.
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Hong Kong Funeral Services Ltd Health Check
Pomanda's financial health check has awarded Hong Kong Funeral Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£2.1m)
- Hong Kong Funeral Services Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.6%)
- Hong Kong Funeral Services Ltd
4.6% - Industry AVG
Production
with a gross margin of 44.5%, this company has a higher cost of product (61.9%)
- Hong Kong Funeral Services Ltd
61.9% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (14.9%)
- Hong Kong Funeral Services Ltd
14.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (16)
5 - Hong Kong Funeral Services Ltd
16 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Hong Kong Funeral Services Ltd
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £319.6k, this is more efficient (£119.3k)
- Hong Kong Funeral Services Ltd
£119.3k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (22 days)
- Hong Kong Funeral Services Ltd
22 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (28 days)
- Hong Kong Funeral Services Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hong Kong Funeral Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hong Kong Funeral Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.6%, this is a higher level of debt than the average (46.6%)
65.6% - Hong Kong Funeral Services Ltd
46.6% - Industry AVG
HONG KONG FUNERAL SERVICES LTD financials
Hong Kong Funeral Services Ltd's latest turnover from August 2023 is estimated at £1.6 million and the company has net assets of £116.2 thousand. According to their latest financial statements, Hong Kong Funeral Services Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 5 | 5 | 5 | 4 | 4 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,186 | 24,233 | 22,413 | 6,385 | 8,553 | 11,007 | 166 | 250 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,186 | 24,233 | 22,413 | 6,385 | 8,553 | 11,007 | 166 | 250 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,220 |
| Trade Debtors | 297,443 | 321,463 | 247,979 | 102,651 | 107,205 | 96,429 | 57,017 | 16,716 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 21,908 | 385 | 150 | 63,915 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 319,351 | 321,848 | 248,129 | 166,566 | 107,205 | 96,429 | 57,017 | 31,936 |
| total assets | 337,537 | 346,081 | 270,542 | 172,951 | 115,758 | 107,436 | 57,183 | 32,186 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 187,897 | 175,916 | 120,172 | 56,808 | 54,943 | 73,434 | 45,135 | 30,404 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 187,897 | 175,916 | 120,172 | 56,808 | 54,943 | 73,434 | 45,135 | 30,404 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 33,399 | 39,566 | 51,811 | 50,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,399 | 39,566 | 51,811 | 50,000 | 0 | 0 | 0 | 0 |
| total liabilities | 221,296 | 215,482 | 171,983 | 106,808 | 54,943 | 73,434 | 45,135 | 30,404 |
| net assets | 116,241 | 130,599 | 98,559 | 66,143 | 60,815 | 34,002 | 12,048 | 1,782 |
| total shareholders funds | 116,241 | 130,599 | 98,559 | 66,143 | 60,815 | 34,002 | 12,048 | 1,782 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 83 | |||||||
| Amortisation | 0 | |||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -15,220 | 15,220 |
| Debtors | -2,497 | 73,719 | 81,563 | 59,361 | 10,776 | 39,412 | 40,301 | 16,716 |
| Creditors | 11,981 | 55,744 | 63,364 | 1,865 | -18,491 | 28,299 | 14,731 | 30,404 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -6,167 | -12,245 | 1,811 | 50,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hong kong funeral services ltd Credit Report and Business Information
Hong Kong Funeral Services Ltd Competitor Analysis
Perform a competitor analysis for hong kong funeral services ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in M40 area or any other competitors across 12 key performance metrics.
hong kong funeral services ltd Ownership
HONG KONG FUNERAL SERVICES LTD group structure
Hong Kong Funeral Services Ltd has no subsidiary companies.
Ultimate parent company
HONG KONG FUNERAL SERVICES LTD
09730315
hong kong funeral services ltd directors
Hong Kong Funeral Services Ltd currently has 1 director, Mr Kin Wong serving since Aug 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kin Wong | United Kingdom | 60 years | Aug 2015 | - | Director |
P&L
August 2023turnover
1.6m
-8%
operating profit
-14.4k
0%
gross margin
44.6%
+1.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
116.2k
-0.11%
total assets
337.5k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
hong kong funeral services ltd company details
company number
09730315
Type
Private limited with Share Capital
industry
96030 - Funeral and related activities
incorporation date
August 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
35-37 cambrian street, manchester, lancashire, M40 7EP
accountant
-
auditor
-
hong kong funeral services ltd Charges & Mortgages
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 hong kong funeral services ltd.
hong kong funeral services ltd Companies House Filings - See Documents
| date | description | view/download |
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