H MART EUROPE LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KWSR & Co.

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The director has considered the company's budgets and cash flow forecasts and, having made appropriate enquiries, has a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Accordingly, the going concern basis of accounting has been adopted in preparing the financial statements.”

Significant events

• “Despite a highly competitive retail environment and the continued pressures of the UK cost-of-living crisis, the Company achieved sales growth of 2.3% to £41,761,352 (2023: £40,842,441).”
• “Gross profit increased by 8% to £10,799,691 (2023: £10,004,043), reflecting disciplined cost management, effective supplier negotiations, and a stronger contribution from own-brand ranges.”
• “Profit before taxation reduced to £1,770,914 (2023: £1,997,602), and profit after taxation decreased by 14% to £1,338,058 (2023: £1,555,500).”
• “The Company's net assets strengthened by 13% to £11,794,231 (2023: £10,456,173), reflecting a robust balance sheet and ongoing investment in business growth.”
• “The Company continues to capitalise on the UK's increasing interest in Asian cuisine, particularly the strong rise in demand for Korean food products. Growth in Korean restaurants has supported wholesale expansion, while retail operations have benefited from growing mainstream consumer interest in K-food and K-culture.”
• “In 2024, the company also introduced new parking technologies across its main retail car parks to safeguard accessibility.”
• “In 2024, one additional unit of warehouse has been fully in operation therefore, there have been such increase in all utiltities however, with careful monitoring, the increased use is less than the original estimation. In 2024, we also have increased the kitchen operation to maximise ready meal sales.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2.2%

  £40,842,441 → £41,761,352

• Cash

  -91.5%

  £8,472,324 → £717,932

• Net assets

  +12.8%

  £10,456,173 → £11,794,231

• Employees

  +3.4%

  145 → 150

• Operating profit

  -11.9%

  £1,927,321 → £1,697,210

• Profit before tax

  -11.3%

  £1,997,602 → £1,770,914

• Wages

  +14.4%

  £4,115,886 → £4,709,169

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers