Hongjian Ltd

Hongjian Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. With a single employee and £79,670 in assets, it operates from a virtual address shared by twenty-one other companies. The company is led by a solo founder who also serves as its director and owner. Hongjian Ltd irregularly exports clothing and accessories (not knitted or crocheted), with just two months of export activity recorded as of February 2020. The company’s primary business involves retail sales via mail order houses and the internet.

While the company’s website isn’s available, it’s clear that Hongjian Ltd operates in the competitive online retail space. Given the limited export activity, it’s likely that the company focuses primarily on the UK market.

Financially, Hongjian Ltd presents a mixed picture. Current assets have declined by 38%, falling to £80,000, while net assets have plummeted 91%, ending at just £930. Bank cash has also decreased significantly, dropping 80% to £1,300. Trade debtors have also fallen dramatically, decreasing 35% to £78,000. On the positive side, creditors have decreased by 37%, suggesting improved debt management. The company meets two of three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The substantial drop in equity, however, raises concerns about the company’s financial health. The absence of an auditor (likely exempt due to its size) means the figures are unaudited.

The company’s financial data suggests it might be burning through cash, although the decrease in creditors is a positive sign. It's possible the company is reinvesting in its business or facing increased operating expenses. Further investigation would be needed to determine the underlying cause of these trends.

Registered in England/Wales under the registration number 10804096, with a registered address at EC3N 1LQ, England, London, 3rd Floor 9 St. Clare Street.

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