chaing equities limited
chaing equities limited Company Information
Company Number
11178692
Registered Address
43 friends road, croydon, CR0 1ED
Industry
Activities of head offices
Telephone
02087225951
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mr ben ka ping chaing 99.5%
mrs maria yee sui chaing 0.3%
View Allchaing equities limited Estimated Valuation
Pomanda estimates the enterprise value of CHAING EQUITIES LIMITED at £752.8m based on a Turnover of £108.3m and 6.95x industry multiple (adjusted for size and gross margin).
chaing equities limited Estimated Valuation
Pomanda estimates the enterprise value of CHAING EQUITIES LIMITED at £130m based on an EBITDA of £12.6m and a 10.34x industry multiple (adjusted for size and gross margin).
chaing equities limited Estimated Valuation
Pomanda estimates the enterprise value of CHAING EQUITIES LIMITED at £58.4m based on Net Assets of £15.5m and 3.76x industry multiple (adjusted for liquidity).
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Chaing Equities Limited Overview
Chaing Equities Limited is a live company located in croydon, CR0 1ED with a Companies House number of 11178692. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2018, it's largest shareholder is mr ben ka ping chaing with a 99.5% stake. Chaing Equities Limited is a young, mega sized company, Pomanda has estimated its turnover at £108.3m with declining growth in recent years.
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Chaing Equities Limited Health Check
Pomanda's financial health check has awarded Chaing Equities Limited 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
3 Regular
6 Weak
Size
annual sales of £108.3m, make it larger than the average company (£20.3m)
£108.3m - Chaing Equities Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3%)
-10% - Chaing Equities Limited
3% - Industry AVG
Production
with a gross margin of 40.2%, this company has a lower cost of product (33.2%)
40.2% - Chaing Equities Limited
33.2% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (6%)
4.8% - Chaing Equities Limited
6% - Industry AVG
Employees
with 508 employees, this is above the industry average (119)
508 - Chaing Equities Limited
119 - Industry AVG
Pay Structure
on an average salary of £37k, the company has an equivalent pay structure (£45.8k)
£37k - Chaing Equities Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £213.3k, this is equally as efficient (£187.7k)
£213.3k - Chaing Equities Limited
£187.7k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (47 days)
55 days - Chaing Equities Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (45 days)
36 days - Chaing Equities Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 72 days, this is more than average (50 days)
72 days - Chaing Equities Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (16 weeks)
12 weeks - Chaing Equities Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.7%, this is a higher level of debt than the average (57.4%)
83.7% - Chaing Equities Limited
57.4% - Industry AVG
chaing equities limited Credit Report and Business Information
Chaing Equities Limited Competitor Analysis
Perform a competitor analysis for chaing equities limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
chaing equities limited Ownership
CHAING EQUITIES LIMITED group structure
Chaing Equities Limited has 7 subsidiary companies.
Ultimate parent company
CHAING EQUITIES LIMITED
11178692
7 subsidiaries
chaing equities limited directors
Chaing Equities Limited currently has 3 directors. The longest serving directors include Mr Ben Chaing (Jan 2018) and Mr Simon Chaing (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Chaing | 71 years | Jan 2018 | - | Director | |
| Mr Simon Chaing | United Kingdom | 33 years | Jan 2022 | - | Director |
| Mrs Maria Chaing | United Kingdom | 65 years | Jan 2022 | - | Director |
CHAING EQUITIES LIMITED financials
Chaing Equities Limited's latest turnover from December 2022 is £108.3 million and the company has net assets of £15.5 million. According to their latest financial statements, Chaing Equities Limited has 508 employees and maintains cash reserves of £6.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 108,333,555 | 108,837,758 | 115,661,055 | 147,350,328 | 149,841,614 | 149,513,989 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 64,838,110 | 68,497,182 | 67,497,669 | 103,123,481 | 99,877,756 | 100,920,526 |
| Gross Profit | 43,495,445 | 40,340,576 | 48,163,386 | 44,226,847 | 49,963,858 | 48,593,463 |
| Admin Expenses | 38,340,711 | 36,288,186 | 47,090,261 | 40,845,510 | 45,495,534 | 45,632,414 |
| Operating Profit | 5,154,734 | 4,052,390 | 1,073,125 | 3,381,337 | 4,468,324 | 2,961,049 |
| Interest Payable | 2,616,382 | 2,367,566 | 2,533,094 | 2,488,031 | 1,131,243 | 1,149,105 |
| Interest Receivable | 15,139 | 3,831 | 8,674 | 25,715 | 35,448 | 14,421 |
| Pre-Tax Profit | 2,553,491 | 1,688,655 | -1,451,295 | 919,021 | 3,372,529 | 2,192,868 |
| Tax | -1,101,583 | -330,683 | -601,990 | -1,431,098 | -1,378,544 | -844,771 |
| Profit After Tax | 1,451,908 | 1,357,972 | -2,053,285 | -512,077 | 1,993,985 | 1,348,097 |
| Dividends Paid | 73,516 | 100,003 | 144,426 | 0 | 0 | 0 |
| Retained Profit | 1,287,580 | 1,157,330 | -2,678,772 | -2,115,382 | 1,711,792 | 1,249,325 |
| Employee Costs | 18,808,826 | 19,988,716 | 22,439,550 | 22,144,151 | 23,743,027 | 24,706,129 |
| Number Of Employees | 508 | 524 | 583 | 548 | 527 | 539 |
| EBITDA* | 12,575,496 | 11,780,348 | 9,446,365 | 10,021,089 | 7,474,729 | 6,292,007 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 42,525,728 | 43,107,781 | 47,912,211 | 61,582,193 | 15,713,358 | 15,814,527 |
| Intangible Assets | 17,742,443 | 16,341,754 | 18,116,664 | 18,454,117 | 18,121,688 | 19,636,528 |
| Investments & Other | 325,493 | 315,493 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 135,307 | 177,715 | 196,774 | 94,738 | 0 | 0 |
| Total Fixed Assets | 60,132,864 | 59,271,820 | 65,832,101 | 79,941,572 | 33,835,046 | 35,451,055 |
| Stock & work in progress | 12,936,240 | 11,784,335 | 9,497,896 | 11,689,210 | 12,186,423 | 12,827,846 |
| Trade Debtors | 16,527,253 | 16,368,676 | 14,930,899 | 32,108,140 | 27,262,812 | 26,053,986 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,477,747 | 3,016,082 | 4,401,560 | 4,147,785 | 3,071,890 | 2,920,025 |
| Cash | 6,751,387 | 10,100,158 | 13,721,733 | 6,373,412 | 9,306,247 | 7,494,871 |
| misc current assets | 0 | 0 | 0 | 0 | 19,616 | 9,746 |
| total current assets | 38,692,627 | 41,269,251 | 42,552,088 | 54,318,547 | 51,846,988 | 49,306,474 |
| total assets | 98,825,491 | 100,541,071 | 108,384,189 | 134,260,119 | 85,682,034 | 84,757,529 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 2,010,800 | 2,000,000 | 2,000,000 | 1,536,348 | 1,593,683 | 1,627,209 |
| Trade Creditors | 6,481,209 | 8,204,016 | 6,959,804 | 16,537,886 | 30,203,112 | 29,194,294 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 944,041 | 944,041 | 944,041 | 1,929,518 | 2,600,852 | 2,218,189 |
| hp & lease commitments | 4,314,128 | 4,921,277 | 5,122,140 | 7,001,149 | 0 | 12,314 |
| other current liabilities | 15,348,367 | 15,012,352 | 15,290,572 | 19,514,452 | 0 | 0 |
| total current liabilities | 29,098,545 | 31,081,686 | 30,316,557 | 46,519,353 | 34,397,647 | 33,052,006 |
| loans | 95,411,273 | 102,579,171 | 118,997,270 | 136,010,830 | 56,855,182 | 61,017,388 |
| hp & lease commitments | 26,247,827 | 28,503,143 | 32,677,924 | 42,036,622 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,536,030 | 5,458,920 | 10,103,150 | 8,875,758 | 6,833,526 | 7,427,156 |
| total long term liabilities | 53,657,094 | 56,137,488 | 64,550,210 | 72,443,294 | 31,844,354 | 34,222,272 |
| total liabilities | 82,755,639 | 87,219,174 | 94,866,767 | 118,962,647 | 66,242,001 | 67,274,278 |
| net assets | 15,535,091 | 12,737,851 | 12,832,267 | 14,354,320 | 17,321,390 | 15,484,505 |
| total shareholders funds | 15,535,091 | 12,737,851 | 12,832,267 | 14,354,320 | 17,321,390 | 15,484,505 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 5,154,734 | 4,052,390 | 1,073,125 | 3,381,337 | 4,468,324 | 2,961,049 |
| Depreciation | 6,429,743 | 6,751,943 | 7,386,616 | 5,759,280 | 1,367,678 | 1,721,403 |
| Amortisation | 991,019 | 976,015 | 986,624 | 880,472 | 1,638,727 | 1,609,555 |
| Tax | -1,101,583 | -330,683 | -601,990 | -1,431,098 | -1,378,544 | -844,771 |
| Stock | 1,151,905 | 2,286,439 | -2,191,314 | -497,213 | -641,423 | 12,827,846 |
| Debtors | -422,166 | 33,240 | -16,821,430 | 6,015,961 | 1,360,691 | 28,974,011 |
| Creditors | -1,722,807 | 1,244,212 | -9,578,082 | -13,665,226 | 1,008,818 | 29,194,294 |
| Accruals and Deferred Income | 336,015 | -278,220 | -4,223,880 | 19,514,452 | 0 | 0 |
| Deferred Taxes & Provisions | 1,077,110 | -4,644,230 | 1,227,392 | 2,042,232 | -593,630 | 7,427,156 |
| Cash flow from operations | 10,434,492 | 5,451,748 | 15,282,549 | 10,962,701 | 5,792,105 | 266,829 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 10,000 | 315,493 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 10,800 | 0 | 463,652 | -57,335 | -33,526 | 1,627,209 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -985,477 | -671,334 | 382,663 | 2,218,189 |
| Long term loans | -7,167,898 | -16,418,099 | -17,013,560 | 79,155,648 | -4,162,206 | 61,017,388 |
| Hire Purchase and Lease Commitments | -2,862,465 | -4,375,644 | -11,237,707 | 49,037,771 | -12,314 | 12,314 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -2,601,243 | -2,363,735 | -2,524,420 | -2,462,316 | -1,095,795 | -1,134,684 |
| cash flow from financing | -11,111,146 | -24,409,224 | -30,140,793 | 124,150,746 | -4,796,085 | 77,975,596 |
| cash and cash equivalents | ||||||
| cash | -3,348,771 | -3,621,575 | 7,348,321 | -2,932,835 | 1,811,376 | 7,494,871 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,348,771 | -3,621,575 | 7,348,321 | -2,932,835 | 1,811,376 | 7,494,871 |
P&L
December 2022turnover
108.3m
0%
operating profit
5.2m
+27%
gross margin
40.2%
+8.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
15.5m
+0.22%
total assets
98.8m
-0.02%
cash
6.8m
-0.33%
net assets
Total assets minus all liabilities
chaing equities limited company details
company number
11178692
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
43 friends road, croydon, CR0 1ED
last accounts submitted
December 2022
chaing equities 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 chaing equities limited.
chaing equities limited Companies House Filings - See Documents
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