Chung Dam Limited

Chung Dam Limited, based in Harrow, UK, is a small, active company founded three years ago. With 20 employees and £477,544 in assets, it operates from a virtual address—a detail flagged by the fact that 106 companies share the same address. The company is led by a solo founder who also serves as director and owner, and maintains a solid 4.0 Google rating from 210 reviews. It’s an irregular importer, specializing in machinery, boilers, and mechanical appliances, with its last import activity recorded just two months ago.

The company’s website reveals a vibrant business centered around Korean BBQ and karaoke. Chung Dam London aims to bring a modern, refined experience of Seoul’s Chungdamdong district to London, offering traditional Korean cooking techniques and interactive dining. The venue boasts a unique “Pyeonbaek Steam Box” for cooking meats and seafood, and also provides private karaoke rooms. The site emphasizes consent management for cookies, indicating a focus on user privacy.

Financially, Chung Dam Limited shows some interesting trends. Cash reserves have surged by a remarkable 1,100%, reaching £95,000—a positive sign. However, net assets have also increased significantly, jumping 13,000% to £250,000. Trade debtors have ballooned by 3,300%, reaching £360,000, which could indicate difficulties in collecting payments or an expansion of credit terms. Creditors have also increased substantially, rising 200% to £190,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp increase in debtors warrants attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, Chung Dam Limited appears to be experiencing rapid growth, but managing its receivables will be key to maintaining financial health. The company’s unique concept and strong Google rating suggest a promising future, although careful financial management is essential.

Registered in England/Wales under the registration number 14027452, with a registered address at HA3 5RF, England, Harrow, Sovereign House, Graham Road.

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