PHOENIX CHINESE NEWS & ENTERTAINMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2025-12-20
Overdue
Watchouts
Cash
£656K
+144% vs 2023
Net assets
-£45M
-6.5% lowest in 6 filed years
Employees
19
-5% lowest in 6 filed years
Profit before tax
-£2M
+1.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2025-12-20.
-
Material uncertainty over going concern
We draw attention to note 2.2 in the financial statements, which indicates that the validity of the going concern basis is dependent upon the continued financial support of the ultimate holding company. The ultimate holding company has confirmed, that the current intention is for the Company to continue to be provided with appropriate financial support to enable it to continue as a going concern and for no demand for repayment of any amounts owed by the Company to any group companies be made until such time as the Company can repay them. Notwithstanding this intention, however, there is no contractual certainty that such continuing support will be made available to the Company nor that any outstanding amounts owed will not be called for immediate repayment. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. The company shows net liabilities at the reporting date of £45,406,177 (2023: £42,623,002). The financial statements have been drawn up on a going concern basis which assumes that the company's ultimate holding company has committed to provide the necessary financial resources to the company in the next twelve months to finance its operations and enable it to meet its obligations as they fall due. Should such financial support be withdrawn, the company may be unable to continue trading.
Name history
Renamed 4 times since incorporation
- PHOENIX CHINESE NEWS & ENTERTAINMENT LIMITED 1999-08-20 → present
- CHINESE NEWS & ENTERTAINMENT LIMITED 1993-11-30 → 1999-08-20
- CHINA NEWS EUROPE LIMITED 1992-08-28 → 1993-11-30
- SEARS COMMUNICATIONS LIMITED 1991-03-27 → 1992-08-28
- TRENDSPACE LIMITED 1990-11-12 → 1991-03-27
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £1,460,760 | — | £763,648 | — | £742,564 | — | £412,138 | — | £503,164 | £459,352 | |
| Operating profit | -£1,675,955 | — | -£1,723,773 | — | -£1,686,372 | — | -£2,445,586 | — | -£2,354,913 | -£2,317,346 | |
| Profit before tax | — | — | — | — | — | — | -£2,445,586 | — | -£2,354,671 | -£2,315,936 | |
| Net profit | -£1,675,955 | — | -£1,723,773 | — | -£1,686,372 | — | -£2,445,586 | — | -£2,354,671 | -£2,315,936 | |
| Cash | £805,794 | — | £467,606 | — | £343,233 | — | £223,912 | — | £268,908 | £656,092 | |
| Total assets less current liabilities | -£34,068,242 | — | -£34,976,444 | — | -£36,772,786 | — | -£41,272,969 | — | -£42,623,002 | -£45,406,177 | |
| Net assets | -£34,068,242 | — | -£34,976,444 | — | -£36,772,786 | — | -£41,272,969 | — | -£42,623,002 | -£45,406,177 | |
| Equity | -£34,068,242 | -£34,068,242 | -£34,976,444 | -£34,976,444 | -£36,772,786 | -£36,772,786 | -£41,272,969 | -£41,272,969 | -£42,623,002 | -£45,406,177 | |
| Average employees | 24 | — | 21 | — | 20 | — | 22 | — | 20 | 19 | |
| Wages | £765,918 | — | — | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -114.7% | — | -225.7% | — | -227.1% | — | -593.4% | — | -468.0% | -504.5% | |
| Net margin | -114.7% | — | -225.7% | — | -227.1% | — | -593.4% | — | -468.0% | -504.2% | |
| Return on capital employed | 4.9% | — | 4.9% | — | 4.6% | — | 5.9% | — | 5.5% | 5.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 0.01x | 0.02x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Nyman Libson Paul LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.2 in the financial statements, which indicates that the validity of the going concern basis is dependent upon the continued financial support of the ultimate holding company. The ultimate holding company has confirmed, that the current intention is for the Company to continue to be provided with appropriate financial support to enable it to continue as a going concern and for no demand for repayment of any amounts owed by the Company to any group companies be made until such time as the Company can repay them. Notwithstanding this intention, however, there is no contractual certainty that such continuing support will be made available to the Company nor that any outstanding amounts owed will not be called for immediate repayment. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. The company shows net liabilities at the reporting date of £45,406,177 (2023: £42,623,002). The financial statements have been drawn up on a going concern basis which assumes that the company's ultimate holding company has committed to provide the necessary financial resources to the company in the next twelve months to finance its operations and enable it to meet its obligations as they fall due. Should such financial support be withdrawn, the company may be unable to continue trading.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHENG, Jian | Secretary | 2014-09-15 | — | — |
| CHEN, Tingsun, Mr. | Director | 2001-11-01 | Nov 1938 | Chinese |
| LI, Qi | Director | 2023-01-10 | Sep 1978 | Chinese |
| LIU, Bo | Director | 2021-07-27 | May 1971 | Chinese |
| LYU, Ning | Director | 2021-01-15 | Nov 1982 | Chinese |
| YEUNG, Ka Keung | Director | 2020-02-05 | Apr 1959 | British |
| ZHANG, Tong | Director | 2021-07-27 | Aug 1971 | Chinese |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEARS, Melvyn John | Secretary | — | 1993-02-15 |
| SHAO, Wen Guang, Dr. | Secretary | 2000-11-13 | 2014-09-15 |
| YAO, Betty | Secretary | 1993-02-15 | 2000-08-14 |
| CHAN, Samuel Lap Sum | Director | — | 1991-11-29 |
| CHEUNG, Chun On Daniel | Director | 2001-11-01 | 2006-09-29 |
| CHUI, Keung, Mr. | Director | 2001-01-01 | 2021-07-27 |
| GONG, Jianzhong, Mr. | Director | 2007-01-12 | 2020-02-05 |
| HE, Daguang | Director | 2020-02-05 | 2023-01-10 |
| LAU, Yu Leung John | Director | 2001-01-01 | 2009-11-30 |
| LEUNG, Noong Kong | Director | 2001-01-01 | 2008-01-01 |
| LEUNG, Norman Nai-Pang | Director | 1992-09-06 | 1994-12-01 |
| LIU, Changle, Mr. | Director | 2001-01-01 | 2021-07-27 |
| SCARS, Kenneth John | Director | — | 1992-11-12 |
| SEARS, Melvyn John | Director | — | 1993-12-31 |
| SIU, Sun Yuk Bui Yvonne | Director | 1992-09-06 | 1993-12-31 |
| TANG, David | Director | 1992-09-06 | 2001-01-01 |
| TSUI, Tsin Tong | Director | 1992-09-06 | 2001-01-01 |
| WU, Ting Yuk Anthony | Director | — | 1993-03-15 |
| XU, Gang | Director | 2001-11-01 | 2007-01-12 |
| YAO, Betty | Director | 1994-12-01 | 1999-08-21 |
| ZHAO, Shaohua, Mr. | Director | 2001-11-01 | 2021-01-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-17 | AA | accounts | Accounts with accounts type full | |
| 2021-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-17 | AA | accounts | Accounts with accounts type full | |
| 2021-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-23 | AA | accounts | Accounts with accounts type full | |
| 2020-03-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-8.7%
£503,164 £459,352
-
Cash
+144%
£268,908 £656,092
-
Net assets
-6.5%
-£42,623,002 -£45,406,177
lowest in 6 filed years
-
Employees
-5%
20 19
lowest in 6 filed years
-
Operating profit
+1.6%
-£2,354,913 -£2,317,346
-
Profit before tax
+1.6%
-£2,354,671 -£2,315,936
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers