xing sheng limited
xing sheng limited Company Information
Company Number
11101384
Next Accounts
851 days late
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Directors
Shareholders
lan que lam
Group Structure
View All
Contact
Registered Address
65 pershore street, birmingham, B5 4RW
Website
-xing sheng limited Estimated Valuation
Pomanda estimates the enterprise value of XING SHENG LIMITED at £5.2m based on a Turnover of £12.3m and 0.42x industry multiple (adjusted for size and gross margin).
xing sheng limited Estimated Valuation
Pomanda estimates the enterprise value of XING SHENG LIMITED at £409.2k based on an EBITDA of £89.4k and a 4.57x industry multiple (adjusted for size and gross margin).
xing sheng limited Estimated Valuation
Pomanda estimates the enterprise value of XING SHENG LIMITED at £434.9k based on Net Assets of £161.1k and 2.7x industry multiple (adjusted for liquidity).
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Xing Sheng Limited Overview
Xing Sheng Limited is a live company located in birmingham, B5 4RW with a Companies House number of 11101384. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in December 2017, it's largest shareholder is lan que lam with a 100% stake. Xing Sheng Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.3m with unknown growth in recent years.
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Xing Sheng Limited Health Check
Pomanda's financial health check has awarded Xing Sheng Limited a 3 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
3 Strong
3 Regular
5 Weak
Size
annual sales of £12.3m, make it larger than the average company (£2.2m)
- Xing Sheng Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Xing Sheng Limited
- - Industry AVG
Production
with a gross margin of 22.8%, this company has a comparable cost of product (22.8%)
- Xing Sheng Limited
22.8% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (2.8%)
- Xing Sheng Limited
2.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
1 - Xing Sheng Limited
31 - Industry AVG
Pay Structure
on an average salary of £15.9k, the company has an equivalent pay structure (£15.9k)
- Xing Sheng Limited
£15.9k - Industry AVG
Efficiency
resulting in sales per employee of £12.3m, this is more efficient (£120.5k)
- Xing Sheng Limited
£120.5k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (4 days)
- Xing Sheng Limited
4 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (28 days)
- Xing Sheng Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (19 days)
- Xing Sheng Limited
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (19 weeks)
15 weeks - Xing Sheng Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.7%, this is a higher level of debt than the average (64.7%)
88.7% - Xing Sheng Limited
64.7% - Industry AVG
XING SHENG LIMITED financials
Xing Sheng Limited's latest turnover from December 2020 is estimated at £12.3 million and the company has net assets of £161.1 thousand. According to their latest financial statements, Xing Sheng Limited has 1 employee and maintains cash reserves of £379.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| Tangible Assets | 60,427 | 75,533 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 60,427 | 75,533 | 0 |
| Stock & work in progress | 72,688 | 87,992 | 0 |
| Trade Debtors | 911,465 | 438,240 | 423,002 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 379,934 | 185,261 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,364,087 | 711,493 | 423,002 |
| total assets | 1,424,514 | 787,026 | 423,002 |
| Bank overdraft | 300,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 763,918 | 489,109 | 399,445 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 199,536 | 189,889 | 0 |
| total current liabilities | 1,263,454 | 678,998 | 399,445 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 1,263,454 | 678,998 | 399,445 |
| net assets | 161,060 | 108,028 | 23,557 |
| total shareholders funds | 161,060 | 108,028 | 23,557 |
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 15,106 | 0 | |
| Amortisation | 0 | 0 | |
| Tax | |||
| Stock | -15,304 | 87,992 | 0 |
| Debtors | 473,225 | 15,238 | 423,002 |
| Creditors | 274,809 | 89,664 | 399,445 |
| Accruals and Deferred Income | 9,647 | 189,889 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 194,673 | 185,261 | 0 |
| overdraft | 300,000 | 0 | 0 |
| change in cash | -105,327 | 185,261 | 0 |
xing sheng limited Credit Report and Business Information
Xing Sheng Limited Competitor Analysis
Perform a competitor analysis for xing sheng limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in B 5 area or any other competitors across 12 key performance metrics.
xing sheng limited Ownership
XING SHENG LIMITED group structure
Xing Sheng Limited has no subsidiary companies.
Ultimate parent company
XING SHENG LIMITED
11101384
xing sheng limited directors
Xing Sheng Limited currently has 1 director, Mrs Lan Lam serving since Dec 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Lan Lam | England | 38 years | Dec 2017 | - | Director |
P&L
December 2020turnover
12.3m
+113%
operating profit
74.3k
0%
gross margin
22.8%
-4.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
161.1k
+0.49%
total assets
1.4m
+0.81%
cash
379.9k
+1.05%
net assets
Total assets minus all liabilities
xing sheng limited company details
company number
11101384
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2020
previous names
N/A
accountant
-
auditor
-
address
65 pershore street, birmingham, B5 4RW
Bank
-
Legal Advisor
-
xing sheng limited 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 xing sheng limited.
xing sheng 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.
Click to start generating capital raising & share issue transactions for XING SHENG LIMITED. This can take several minutes, an email will notify you when this has completed.
xing sheng limited Companies House Filings - See Documents
| date | description | view/download |
|---|
