Legend Ventures Ltd

Legend Ventures Ltd, based in London, UK, is a small, active company founded seven years ago in December 2017. With three employees and £459,871 in assets, it operates from a virtual address, a fact highlighted by the presence of 53 other companies registered at the same location. The company is led by one director and one owner, with Chin Samuel Tsung Kwong holding both roles. It’s a regular importer, specializing in miscellaneous food products, with its last import operation recorded six months ago. The company also operates in the ready-made interactive leisure and entertainment software development, management consultancy, and specialized design industries.

The company's website, legendventures.co.uk, is simple and functional, featuring a login area and contact information. There's no obvious e-commerce functionality, suggesting the company may be focused on business-to-business activities rather than direct sales to consumers. It’s a clean design, but lacks detail about the services offered.

Financially, Legend Ventures Ltd presents a mixed picture. While cash reserves increased by 220% to £22,000, net assets decreased by 72% to -£530,000. Creditors rose by 30% to £950,000, while debtors fell by 7.2% to £440,000. The number of employees increased by 67% to five, a significant jump. The company’s small size—meeting two of three criteria for a small company—helps it remain agile. The accounts are abridged and unaudited, and the company is exempt from an audit.

The sharp decline in net assets and increase in liabilities are concerning, suggesting the company may be burning through cash. The increase in employees could indicate expansion, but also increased overhead. The lack of detailed financial information makes it difficult to assess the company’s long-term viability, but the increased liabilities are a red flag.

Registered in England/Wales under the registration number 11115894, with a registered address at EC2A 2EA, England, London, 1st Floor, 44 Worship Street.

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