ching world ltd
ching world ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
309 winston house 2 dollis park, finchley central, london, N3 1HF
Website
www.chingworld.comching world ltd Estimated Valuation
Pomanda estimates the enterprise value of CHING WORLD LTD at £327.8k based on a Turnover of £1.3m and 0.26x industry multiple (adjusted for size and gross margin).
ching world ltd Estimated Valuation
Pomanda estimates the enterprise value of CHING WORLD LTD at £0 based on an EBITDA of £-40k and a 3x industry multiple (adjusted for size and gross margin).
ching world ltd Estimated Valuation
Pomanda estimates the enterprise value of CHING WORLD LTD at £385.6k based on Net Assets of £169.3k and 2.28x industry multiple (adjusted for liquidity).
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Ching World Ltd Overview
Ching World Ltd is a live company located in london, N3 1HF with a Companies House number of 11245649. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in March 2018, it's largest shareholder is chi hin ng with a 100% stake. Ching World Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.
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Ching World Ltd Health Check
Pomanda's financial health check has awarded Ching World Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £1.3m, make it larger than the average company (£307.3k)
- Ching World Ltd
£307.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.2%)
- Ching World Ltd
3.2% - Industry AVG
Production
with a gross margin of 19.2%, this company has a higher cost of product (36.6%)
- Ching World Ltd
36.6% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (2.7%)
- Ching World Ltd
2.7% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Ching World Ltd
4 - Industry AVG
Pay Structure
on an average salary of £28.9k, the company has an equivalent pay structure (£28.9k)
- Ching World Ltd
£28.9k - Industry AVG
Efficiency
resulting in sales per employee of £317.5k, this is more efficient (£159.3k)
- Ching World Ltd
£159.3k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (22 days)
- Ching World Ltd
22 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (34 days)
- Ching World Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ching World Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ching World Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.5%, this is a lower level of debt than the average (72.3%)
51.5% - Ching World Ltd
72.3% - Industry AVG
CHING WORLD LTD financials
Ching World Ltd's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £169.3 thousand. According to their latest financial statements, we estimate that Ching World Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 22 | 23 | 23 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 27,062 | 27,062 | 27,062 | 32,409 | 5,803 | 1,050 |
| 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 | 27,062 | 27,062 | 27,062 | 32,409 | 5,803 | 1,050 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 321,838 | 321,838 | 318,045 | 302,663 | 265,221 | 75,761 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 321,838 | 321,838 | 318,045 | 302,663 | 265,221 | 75,761 |
| total assets | 348,900 | 348,900 | 345,107 | 335,072 | 271,024 | 76,811 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 179,566 | 139,566 | 93,164 | 10,624 | 70,857 | 55,825 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 179,566 | 139,566 | 93,164 | 10,624 | 70,857 | 55,825 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 2,609 | 5,572 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 2,609 | 5,572 | 0 | 0 |
| total liabilities | 179,566 | 139,566 | 95,773 | 16,196 | 70,857 | 55,825 |
| net assets | 169,334 | 209,334 | 249,334 | 318,876 | 200,167 | 20,986 |
| total shareholders funds | 169,334 | 209,334 | 249,334 | 318,876 | 200,167 | 20,986 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | |||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 3,793 | 15,382 | 37,442 | 189,460 | 75,761 |
| Creditors | 40,000 | 46,402 | 82,540 | -60,233 | 15,032 | 55,825 |
| Accruals and Deferred Income | 0 | -2,609 | -2,963 | 5,572 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
ching world ltd Credit Report and Business Information
Ching World Ltd Competitor Analysis
Perform a competitor analysis for ching world ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N 3 area or any other competitors across 12 key performance metrics.
ching world ltd Ownership
CHING WORLD LTD group structure
Ching World Ltd has no subsidiary companies.
Ultimate parent company
CHING WORLD LTD
11245649
ching world ltd directors
Ching World Ltd currently has 1 director, Mr Chi Ng serving since Mar 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chi Ng | Northern Ireland | 30 years | Mar 2018 | - | Director |
P&L
March 2024turnover
1.3m
+12%
operating profit
-40k
0%
gross margin
19.3%
-3.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
169.3k
-0.19%
total assets
348.9k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ching world ltd company details
company number
11245649
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
309 winston house 2 dollis park, finchley central, london, N3 1HF
Bank
-
Legal Advisor
-
ching world 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 ching world ltd.
ching world 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.
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ching world ltd Companies House Filings - See Documents
| date | description | view/download |
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