Hong Da International Ltd

Hong International Da Ltd, based in London, UK, is a small, active company founded nine years ago in 2016. It employs just one person and has a real registered address, managed by a single director and owner, who also acts as the solo founder. The company operates in a diverse range of industries, including the manufacture of homogenized food preparations, retail via mail order and internet, hairdressing and beauty treatments, and take-away food shops.

While small in size – meeting two of three criteria as a company with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – Hong International Da Ltd’s activities seem varied. The company’s website, though currently unavailable, likely supported online sales and potentially mail-order services. The range of industries it touches on—food preparation, beauty treatments, and takeaway food—suggests a potentially adaptable business model, though it’s unclear how closely these different ventures are integrated.

Financially, Hong International Da Ltd presents a mixed picture. Cash reserves have increased by a substantial 55%, reaching £5,900, which is good news. However, net assets have decreased by 4.5%, now sitting at -£230,000, and bank borrowings have fallen slightly to £220,000. Creditors have also decreased, but liabilities within one year have increased significantly. Loans from directors have risen considerably, indicating reliance on personal funding. The company’s small size exempts it from an audit, so the figures are unaudited.

Overall, Hong International Da Ltd appears to be navigating a challenging financial landscape. The increase in cash reserves is encouraging, but the negative equity and reliance on director loans suggest a business that is burning through money. It's possible that the company is reinvesting in its operations, or it could be facing difficulties in generating sufficient revenue to cover its expenses. The lack of employees and the absence of an auditor further complicate the picture, making it difficult to assess the company’s long-term viability.

Registered in England/Wales under the registration number 10105863, with a registered address at W5 2PJ, England, London, 16 The Mall.

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