new hing loong ltd
new hing loong ltd Company Information
Group Structure
View All
Industry
Licensed restaurants
Registered Address
213 brampton road, bexleyheath, DA7 4SS
Website
www.loonghingrestaurant.comnew hing loong ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HING LOONG LTD at £134k based on a Turnover of £197.8k and 0.68x industry multiple (adjusted for size and gross margin).
new hing loong ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HING LOONG LTD at £0 based on an EBITDA of £-10.6k and a 4.29x industry multiple (adjusted for size and gross margin).
new hing loong ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HING LOONG LTD at £37.5k based on Net Assets of £14.2k and 2.64x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
New Hing Loong Ltd Overview
New Hing Loong Ltd is a dissolved company that was located in bexleyheath, DA7 4SS with a Companies House number of 10636810. It operated in the licenced restaurants sector, SIC Code 56101. Founded in February 2017, it's largest shareholder was sui cu ho with a 100% stake. The last turnover for New Hing Loong Ltd was estimated at £197.8k.
Upgrade for unlimited company reports & a free credit check
New Hing Loong Ltd Health Check
Pomanda's financial health check has awarded New Hing Loong Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
3 Weak
Size
annual sales of £197.8k, make it smaller than the average company (£938.3k)
- New Hing Loong Ltd
£938.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a similar rate (-9.9%)
- New Hing Loong Ltd
-9.9% - Industry AVG
Production
with a gross margin of 58.2%, this company has a comparable cost of product (58.2%)
- New Hing Loong Ltd
58.2% - Industry AVG
Profitability
an operating margin of -5.4% make it less profitable than the average company (5.2%)
- New Hing Loong Ltd
5.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (32)
5 - New Hing Loong Ltd
32 - Industry AVG
Pay Structure
on an average salary of £17.8k, the company has an equivalent pay structure (£17.8k)
- New Hing Loong Ltd
£17.8k - Industry AVG
Efficiency
resulting in sales per employee of £39.6k, this is equally as efficient (£39.6k)
- New Hing Loong Ltd
£39.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- New Hing Loong Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- New Hing Loong Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Hing Loong Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (18 weeks)
60 weeks - New Hing Loong Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.9%, this is a lower level of debt than the average (84.3%)
41.9% - New Hing Loong Ltd
84.3% - Industry AVG
NEW HING LOONG LTD financials
New Hing Loong Ltd's latest turnover from March 2022 is estimated at £197.8 thousand and the company has net assets of £14.2 thousand. According to their latest financial statements, New Hing Loong Ltd has 5 employees and maintains cash reserves of £11.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,047 | 2,048 | 2,140 | 2,853 | 3,804 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,047 | 2,048 | 2,140 | 2,853 | 3,804 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 69,033 | 16,711 | 11,609 | 13,135 | 100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,560 | 536 | 0 | 42 | 0 | 0 |
| Cash | 11,886 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 22,446 | 69,569 | 16,711 | 11,651 | 13,135 | 100 |
| total assets | 24,493 | 71,617 | 18,851 | 14,504 | 16,939 | 100 |
| Bank overdraft | 42 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 19,501 | 11,605 | 14,202 | 17,836 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,231 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 10,273 | 19,501 | 11,605 | 14,202 | 17,836 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 10,252 | 6,464 | 3,469 | 3,260 | 0 |
| other liabilities | 0 | 17,157 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 27,409 | 6,464 | 3,469 | 3,260 | 0 |
| total liabilities | 10,273 | 46,910 | 18,069 | 17,671 | 21,096 | 0 |
| net assets | 14,220 | 24,707 | 782 | -3,167 | -4,157 | 100 |
| total shareholders funds | 14,220 | 24,707 | 782 | -3,167 | -4,157 | 100 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -59,009 | 52,858 | 5,060 | -1,484 | 13,035 | 100 |
| Creditors | -19,501 | 7,896 | -2,597 | -3,634 | 17,836 | 0 |
| Accruals and Deferred Income | -21 | 3,788 | 2,995 | 209 | 3,260 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -17,157 | 17,157 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 11,886 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 42 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,844 | 0 | 0 | 0 | 0 | 0 |
new hing loong ltd Credit Report and Business Information
New Hing Loong Ltd Competitor Analysis
Perform a competitor analysis for new hing loong ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in DA7 area or any other competitors across 12 key performance metrics.
new hing loong ltd Ownership
NEW HING LOONG LTD group structure
New Hing Loong Ltd has no subsidiary companies.
Ultimate parent company
NEW HING LOONG LTD
10636810
new hing loong ltd directors
New Hing Loong Ltd currently has 1 director, Miss Sui Ho serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Sui Ho | England | 51 years | Feb 2017 | - | Director |
P&L
March 2022turnover
197.8k
-87%
operating profit
-10.6k
0%
gross margin
58.3%
-4.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
14.2k
-0.42%
total assets
24.5k
-0.66%
cash
11.9k
0%
net assets
Total assets minus all liabilities
new hing loong ltd company details
company number
10636810
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
N/A
accountant
-
auditor
-
address
213 brampton road, bexleyheath, DA7 4SS
Bank
-
Legal Advisor
-
new hing loong 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 new hing loong ltd.
new hing loong ltd 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.
Click to start generating capital raising & share issue transactions for NEW HING LOONG LTD. This can take several minutes, an email will notify you when this has completed.
new hing loong ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
