Fengchenwang Ltd

Fengchenwang Ltd, based in Wanstead, London, is a small, active company founded ten years ago in 2015. With six employees and £939,627 in assets, it operates from a real address and is led by a single director and owner, Wang Fengchen. The company specializes in clothing and accessories, importing irregularly (one month of activity in July 2024) and exporting regularly (four months of activity, last in August 2024). It also operates in the wholesale of clothing and footwear, retail sale of clothing, and artistic creation industries.

The company's website, Feng Chen Wang, showcases a range of apparel and accessories, with a strong emphasis on collaborations, particularly with Converse. The site’s design is modern and visually driven, featuring new arrivals, menswear, womenswear, and accessories collections. It's clear the company is focused on a fashion-forward, contemporary brand image, with a focus on collaborations and limited-edition releases.

Financially, Fengchenwang Ltd presents a mixed picture. Cash bank holdings decreased by 13% to £900,000, while current assets dropped by 19% to £940,000. Trade debtors have fallen dramatically, decreasing by 72% to just £28,000, which could indicate improved collection practices, or a significant reduction in sales. Creditors, however, also decreased by 28%, suggesting better management of short-term liabilities. Equity has fallen by 10% to £240,000. Despite the drop in equity, the company’s net assets still remain positive. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. With no auditor mentioned, the figures are unaudited.

Overall, Fengchenwang Ltd appears to be navigating a period of change, with some financial headwinds. The company's strong brand image and focus on collaborations suggest a potential for growth, but careful management of cash flow and debt will be crucial for its continued success.

Registered in England/Wales under the registration number 09416856, with a registered address at E11 2RJ, England, Wanstead, London, 74a High Street.

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