Cheong's Holding Limited

Cheong’s Holding Limited is a private limited company registered in England/Wales with the registration number 13368039. The company was founded four years ago on April 30, 2021, and registered at W1D 6PE, England, London, 7 Wardour Street. The address is probably real as only four companies registered at the same address. Its status is active. Officially, it has one owner or PSCs, one director and no number of employees published. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £329,997.

The company operates in the licensed restaurants, the buying and selling of own real estate, and the other letting and operating of own or leased real estate industries. It is a irregular importer, with its top import category being Iron or Steel Products, totaling 1 months of imports. The last import operation was conducted on June 01, 2023.

According to its website, Cheong’s Holding Limited is a leading name in the facilities management industry, building a reputation for reliability, professionalism, and transparency. It focuses on client satisfaction, providing strategic insights and actionable solutions. By taking on property management, it enables clients to focus on their businesses.

Financially, Cheong’s Holding Limited presents a mixed picture. While current assets increased by 50% to £330,000, net assets decreased by 110% to -£410,000. Bank borrowings increased by 440% to £300,000, and cash reserves increased by 440% to £300,000. Creditors increased by 74% to £1.1 million. The company’s small size helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned, the figures rely on unaudited statements.

The significant increase in creditors, alongside the substantial net loss, suggests the company may be burning through money. It’s possible that increased investment in property management or expansion efforts are driving these expenses, but the lack of employee growth—only one director reported—raises questions about efficiency. The company’s focus on licensed restaurants, real estate, and facilities management, combined with its irregular import activity, indicates a diverse but potentially challenging business model.

Registered in England/Wales under the registration number 13368039, with a registered address at W1D 6PE, England, London, 7 Wardour Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.