Chi Yip Group Limited

Chi Yip Group Ltd, based in Middleton, UK, is a sizable company with a 35-year history, employing 72 people and holding assets worth £7.6 million. The company, a holding company with an active status, generates £23.3 million in yearly revenue. It’s a regular importer of cereal and milk-based food products, having imported for 120 months, with the latest import operation occurring in January 2025. Google users rate it 4.0 out of 5 based on 902 reviews.

The company operates across multiple ventures, including wholesale, retail, and even karaoke and restaurant services. It’s a significant player in the Far East food distribution market, providing a wide selection of premium products to UK customers. The company’s website highlights its experience, with over 40 years in the business, and its commitment to providing quality products from the Far East. It even has an Oriental Market in Altrincham and a wholesale warehouse covering over 62,000 square feet.

Financially, Chi Yip Group Ltd shows some interesting trends. While turnover increased by 4.8% to £23.3 million, net assets increased by 16% to £3.2 million. However, bank borrowings surged by 63% to £1.1 million, and cash reserves fell by 30% to £28,000. Creditors decreased by 18%, which is a positive sign. The company meets two of the three criteria to be classified as a large company, with a turnover over £36 million, balance sheet over £18 million, and more than 350 employees. The company's accounts were audited by Lucas Reis Ltd.

The increase in bank borrowings, alongside the decrease in cash reserves, suggests the company may be investing in growth or facing tighter margins. The decrease in creditors, however, indicates improved debt management. The company’s diverse operations—from wholesale to karaoke—likely contribute to its financial complexity. It’s clear that Chi Yip Group Ltd is a well-established player in the UK food distribution market, but its financial health requires careful monitoring.

Registered in England/Wales under the registration number 02487941, with a registered address at M24 1SW, Greenside Way Middleton, Manchester Lancashire, Treasure House, Greengate Industrial Park.

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