Tong Xiang Hang Limited

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tong xiang hang limited Company Information

Live

YoungSmallDeclining

Company Number

SC496940

Website

tong-xiang-hang-limited.business.site

Registered Address

9 royal crescent, glasgow, lanarkshire, G3 7SP

Industry

Other retail sale in non-specialised stores

Telephone

01413368285

Next Accounts Due

November 2024

Group Structure

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Directors

Dewen Liu9 Years

Tongbin Lin9 Years

Shareholders

mr dewen liu 50%

mr tongbin lin 50%

tong xiang hang limited Estimated Valuation

£320.4k - £1.2m

The estimated valuation range for tong xiang hang limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £320.4k to £1.2m

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Tong Xiang Hang Limited AI Business Plan

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Tong Xiang Hang Limited is a live company located in lanarkshire, G3 7SP with a Companies House number of SC496940. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in February 2015, it's largest shareholder is mr dewen liu with a 50% stake. Tong Xiang Hang Limited is a young, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Tong Xiang Hang Limited a 3 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

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £3m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (1.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TONG XIANG HANG LIMITED group structure

Tong Xiang Hang Limited has no subsidiary companies.

Ultimate parent company

TONG XIANG HANG LIMITED

SC496940

TONG XIANG HANG LIMITED Shareholders

mr dewen liu	50%
mr tongbin lin	50%

Tong Xiang Hang Limited currently has 2 directors. The longest serving directors include Mr Dewen Liu (Feb 2015) and Mr Tongbin Lin (Feb 2015).

officer	country	age	start	end	role
Mr Dewen Liu	Scotland	50 years	Feb 2015	-	Director
Mr Tongbin Lin	Scotland	43 years	Feb 2015	-	Director

EXPORT

Tong Xiang Hang Limited's latest turnover from February 2023 is estimated at £3 million and the company has net assets of £87.3 thousand. According to their latest financial statements, Tong Xiang Hang Limited has 24 employees and maintains cash reserves of £84.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016
Turnover	2,970,744	2,590,824	2,389,383	3,220,185	1,984,526	1,743,847	2,011,226	1,257,939
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	1,732,079	1,545,568	1,382,994	1,785,570	1,121,054	999,390	1,149,610	720,760
Gross Profit	1,238,665	1,045,256	1,006,389	1,434,614	863,472	744,457	861,615	537,179
Admin Expenses	1,197,025	1,026,033	963,149	1,406,526	811,806	794,276	828,555	492,042
Operating Profit	41,640	19,223	43,240	28,088	51,666	-49,819	33,060	45,137
Interest Payable	23,487	15,377	14,026	13,790	13,666	8,699	3,946	2,106
Interest Receivable	3,181	237	10	279	489	431	217	143
Pre-Tax Profit	21,333	4,084	29,225	14,578	38,488	-58,088	29,331	43,175
Tax	-4,053	-776	-5,553	-2,770	-7,313	0	-5,866	-8,635
Profit After Tax	17,280	3,308	23,672	11,808	31,175	-58,088	23,465	34,540
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	17,280	3,308	23,672	11,808	31,175	-58,088	23,465	34,540
Employee Costs	451,098	437,456	456,468	456,839	357,218	357,387	282,952	191,953
Number Of Employees	24	24	27	26	21	22	18	12
EBITDA*	69,361	46,237	66,109	50,831	75,895	-33,507	43,475	48,778

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016
Tangible Assets	347,075	361,572	378,068	398,874	421,279	456,265	163,003	123,859
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	347,075	361,572	378,068	398,874	421,279	456,265	163,003	123,859
Stock & work in progress	667,000	562,000	330,000	310,000	290,000	237,780	200,000	150,000
Trade Debtors	81,206	86,846	91,942	188,843	72,487	96,618	130,146	63,468
Group Debtors	61,494	52,494	33,494	51,494	51,494	0	0	0
Misc Debtors	10,914	8,535	1,120	11,052	101	22,216	3,069	5,141
Cash	84,619	74,420	20,554	4	74,505	55,782	116,510	57,363
misc current assets	0	0	0	0	0	0	0	0
total current assets	905,233	784,295	477,110	561,393	488,587	412,396	449,725	275,972
total assets	1,252,308	1,145,867	855,178	960,267	909,866	868,661	612,728	399,831
Bank overdraft	36,554	24,973	34,747	34,249	15,421	15,421	61,491	4,500
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	809,977	740,275	384,133	538,509	439,069	260,183	234,195	191,320
Group/Directors Accounts	54,152	53,090	52,129	61,057	102,291	184,763	182,763	94,763
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	11,635	31,265	27,609	32,161	54,390	11,822	0
other current liabilities	42,773	35,546	45,118	32,448	27,850	41,328	18,492	8,922
total current liabilities	943,456	865,519	547,392	693,872	616,792	556,085	508,763	299,505
loans	210,094	198,125	215,282	175,588	183,327	190,764	0	60,294
hp & lease commitments	0	0	12,796	30,818	57,309	93,902	32,639	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0
provisions	11,498	12,243	13,036	16,989	21,246	27,893	13,221	5,392
total long term liabilities	221,592	210,368	241,114	223,395	261,882	312,559	45,860	65,686
total liabilities	1,165,048	1,075,887	788,506	917,267	878,674	868,644	554,623	365,191
net assets	87,260	69,980	66,672	43,000	31,192	17	58,105	34,640
total shareholders funds	87,260	69,980	66,672	43,000	31,192	17	58,105	34,640

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016
Operating Activities
Operating Profit	41,640	19,223	43,240	28,088	51,666	-49,819	33,060	45,137
Depreciation	27,721	27,014	22,869	22,743	24,229	16,312	10,415	3,641
Amortisation	0	0	0	0	0	0	0	0
Tax	-4,053	-776	-5,553	-2,770	-7,313	0	-5,866	-8,635
Stock	105,000	232,000	20,000	20,000	52,220	37,780	50,000	150,000
Debtors	5,739	21,319	-124,833	127,307	5,248	-14,381	64,606	68,609
Creditors	69,702	356,142	-154,376	99,440	178,886	25,988	42,875	191,320
Accruals and Deferred Income	7,227	-9,572	12,670	4,598	-13,478	22,836	9,570	8,922
Deferred Taxes & Provisions	-745	-793	-3,953	-4,257	-6,647	14,672	7,829	5,392
Cash flow from operations	30,753	137,919	19,730	535	169,875	6,590	-16,723	27,168
Investing Activities
capital expenditure	-13,224	-10,518	-2,063	-338	10,757	-309,574	-49,559	-127,500
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	-13,224	-10,518	-2,063	-338	10,757	-309,574	-49,559	-127,500
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,062	961	-8,928	-41,234	-82,472	2,000	88,000	94,763
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	11,969	-17,157	39,694	-7,739	-7,437	190,764	-60,294	60,294
Hire Purchase and Lease Commitments	-11,635	-32,426	-14,366	-31,043	-58,822	103,831	44,461	0
other long term liabilities	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	100
interest	-20,306	-15,140	-14,016	-13,511	-13,177	-8,268	-3,729	-1,963
cash flow from financing	-18,910	-63,762	2,384	-93,527	-161,908	288,327	68,438	153,194
cash and cash equivalents
cash	10,199	53,866	20,550	-74,501	18,723	-60,728	59,147	57,363
overdraft	11,581	-9,774	498	18,828	0	-46,070	56,991	4,500
change in cash	-1,382	63,640	20,052	-93,329	18,723	-14,658	2,156	52,863

P&L

February 2023

turnover

+15%

operating profit

41.6k

gross margin

41.7%

+3.35%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2023

net assets

87.3k

+0.25%

total assets

1.3m

+0.09%

cash

84.6k

+0.14%

net assets

Total assets minus all liabilities

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company number

SC496940

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

February 2015

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

9 royal crescent, glasgow, lanarkshire, G3 7SP

last accounts submitted

February 2023

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 tong xiang hang limited.

tong xiang hang limited Company Information

tong xiang hang limited Estimated Valuation

tong xiang hang limited Estimated Valuation

tong xiang hang limited Estimated Valuation

Tong Xiang Hang Limited AI Business Plan

Tong Xiang Hang Limited Overview

Tong Xiang Hang Limited Health Check

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TONG XIANG HANG LIMITED financials

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