Hing Yip Limited

Hing Yip Limited, based in London, UK, is a small, active company founded nine years ago in 2016. With six employees and £859,766 in assets, it’s a solo-founded operation managed by one director and owner, Sun Wen. The company holds a respectable 4.0 Google rating from 320 reviews. It’s an irregular importer, primarily dealing with wood and wood products, with just one month of import activity recorded as of January 2019.

The company’s website reveals a Chinese supermarket, offering a wide range of products from various brands and categories—QQ, Jongga, Hikari Miso, and more. The site lists phone numbers and addresses, but lacks a clear e-commerce function, suggesting a primarily wholesale or retail operation. It seems like they are selling products to other businesses.

Financially, Hing Yip Limited shows some concerning trends. Cash bank on hand decreased significantly by 46%, dropping to £45,000. Net assets also took a hit, plummeting 15% to £370,000. Trade debtors increased by 13%, reaching £720,000, which could indicate difficulties in collecting payments. Creditors also rose by 23%, reaching £530,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

Despite these challenges, the company’s strong Google rating suggests satisfied customers, and its niche focus on Chinese products could provide a competitive advantage. Whether it can navigate these financial pressures and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 10035690, with a registered address at N7 8JG, England, London, 88-90 Holloway Road.

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