Hang Sing Hong Manchester Ltd

Hang Sing Hong Manchester Ltd, based in Manchester, UK, is a small, active company with a real registered address and a trading status. Founded in 07/01/2023, the company employs 20 people, a significant increase from 13 the previous year, and holds £1,500,000 in assets. It’s led by three directors, Mr Y JIANG and Mr D JI, and operates under the small companies regime. The business primarily imports and sells Asian food and homeware, with a wide range of products listed on its website, TukTukMart.

TukTukMart positions itself as an online Asian supermarket, catering to a diverse customer base seeking authentic ingredients and products. The website offers a comprehensive selection, from fresh produce like fish and tofu to frozen goods, snacks, drinks, and homeware items. It even includes a Chinese New Year menu basket section, indicating a focus on cultural events and traditions. The site accepts a wide range of payment methods, including American Express, Apple Pay, and Union Pay, demonstrating a commitment to customer convenience.

Financially, Hang Sing Hong Manchester Ltd presents a mixed picture. While turnover increased, net assets have seen a considerable rise to £920,000, a 26% increase from the previous year. However, cash bank on hand has decreased by 48% to £370,000, and net current assets and liabilities have fallen by 54% to £280,000. Creditors have increased significantly, rising 220% to £540,000, and other creditors have jumped 330% to £220,000. The company’s accumulated depreciation impairment property plant equipment has increased by 300% to £1,200,000. It’s worth noting that the company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver a copy of the company's Profit and Loss Account. As a small company, it’s exempt from an audit, so the figures are unaudited.

The substantial increase in creditors suggests the company may be relying more on short-term financing, which could be a risk. The decrease in cash reserves, combined with the rise in liabilities, warrants closer monitoring. Despite these challenges, the company’s growth in assets and employee numbers indicates ongoing expansion and a potentially strong market position—though the financial data suggests it's burning through money.

Registered in England/Wales under the registration number 12669106, with a registered address at NE1 5PF, England, Newcastle, Taste The Orient Supermarket, 64-68 Clayton Street.

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