Soonfung Limited

Soonfung Ltd, based in London, UK, is a small, active company established 16 years ago. With 19 employees and £2,429,099 in assets, it operates from a virtual address – a detail flagged by the fact fifteen companies share the same location. The business is run by two directors and one owner, and holds a stellar 5.0 Google rating based on 41 reviews. It’s a regular importer, specializing in meat and edible meat offal, with recent activity recorded in October 2023.

The company’s website is minimal, offering little insight into its operations beyond its registration details. It appears to focus solely on import and distribution, acting as an agent involved in the sale of food, beverages and tobacco.

Financially, Soonfung Ltd presents a mixed picture. While current assets increased by 32% to £2,400,000, net assets liabilities grew by 110% to £240,000. Bank cash decreased by 22% to £100,000, and trade debtors increased by 33% to £1,600,000. Creditors, however, also rose significantly by 44% to £2,000,000. The company’s small size—meeting two of three conditions for a small company—helps it remain nimble, but the rise in liabilities is something to watch. The company is audit exempt, so the figures are unaudited.

The growth in trade debtors suggests potential issues with customer payments, while the increased creditors indicate a reliance on short-term financing. The company’s consistent import activity and positive Google rating suggest a stable business, but the financial trends warrant closer attention.

Registered in England/Wales under the registration number 06697032, with a registered address at EC2A 2EA, 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.