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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-29 (in 2mo)

Last made up 2025-07-15

Watchouts

1 item

Cash

£5M

+60.6% vs 2023

Net assets

£21M

+83.8% vs 2023

Employees

367

+7.9% vs 2023

Profit before tax

£13M

+33% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

7-year trend · latest reflected 2024-12-31

Metric Trend 2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31
Turnover £56,132,285£73,625,725
Operating profit £9,662,290£9,677,754
Profit before tax £9,549,178£12,705,150
Net profit £7,321,496£9,519,555
Cash £3,283,693£5,273,185
Total assets less current liabilities £12,876,423£22,424,071
Net assets £11,361,889£20,881,444
Equity -£5,436,034-£5,328,273-£1,884,201£35,918£4,040,393£11,361,889£20,881,444
Average employees 340367
Wages £20,765,058£33,189,597

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 2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31
Operating margin 17.2%13.1%
Net margin 13.0%12.9%
Return on capital employed 75.0%43.2%
Interest cover 81.18x168.82x

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
Reporting scope
Standalone (parent only)
Auditor
Wallace Crooke
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“There was a fire incident at Warehouse 5 in Cannock on 9th May 2024 which has resulted in significant losses to the stock and property, however, there has been no injuries or loss of life. The company has received full compensation from insurers, covering the financial losses associated with the incident. As detailed in Note 20, a contingent liability remains due to a claim from Etarget Limited, with no legal proceedings commenced or settlement reached as of the date of approval of the financial statements. The cause remains under investigation by the appropriate authorities, and management has implemented robust contingency plans to manage any residual short-term challenges. The directors consider the incident resolved financially through insurance and do not perceive the incident as a significant ongoing threat to the company's viability. Further, the management has put in place a robust contingency plans to effectively manage any short-term challenges that may arise. Therefore, the directors have continued to adopt a going concern basis. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors have confirmed that the company will continue to receive financial support from its parent company for a period of at least 12 months from the date of approval of the financial statements.”

Significant events

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

People

2 active · 0 resigned

Name Role Appointed Born Nationality
LI, Pingxiang Director 2015-12-07 Dec 1956 Chinese
LIN, Yongbin Director 2023-05-23 Sep 1993 Chinese

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Zuan Wang Individual Shares 25–50%, Voting 25–50% 2026-02-09 Active
Goodcang Holdings Bv Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2020-09-28 Ceased 2026-02-09
Mr Xiao Zhu Jin Individual Shares 75–100%, Voting 75–100%, Appoints directors 2018-12-17 Ceased 2020-09-28
Like Desen Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2018-12-17 Ceased 2018-12-17
Mr Pingxiang Li Individual Shares 75–100% 2016-04-06 Ceased 2018-12-17

Filing timeline

Last 20 of 47 total filings

Date Type Category Description
2026-04-08 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2026-04-08 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-07-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-02 AA accounts Accounts with accounts type full PDF
2024-12-19 AAMD accounts Accounts amended with accounts type full
2024-12-19 AAMD accounts Accounts amended with accounts type full
2024-07-23 CS01 confirmation-statement Confirmation statement with updates PDF
2024-07-02 CH01 officers Change person director company with change date PDF
2024-07-02 CH01 officers Change person director company with change date PDF
2024-07-02 AD01 address Change registered office address company with date old address new address PDF
2024-06-27 AA accounts Accounts with accounts type full PDF
2024-05-09 AD01 address Change registered office address company with date old address new address PDF
2024-05-08 SH06 capital Capital cancellation shares
2023-11-02 SH01 capital Capital allotment shares PDF
2023-07-03 AA accounts Accounts with accounts type full PDF
2023-06-12 CS01 confirmation-statement Confirmation statement with updates PDF
2023-05-23 AP01 officers Appoint person director company with name date PDF
2022-11-01 CS01 confirmation-statement Confirmation statement with updates PDF
2022-10-24 PSC05 persons-with-significant-control Change to a person with significant control PDF
2022-10-24 PSC05 persons-with-significant-control Change to a person with significant control PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
1

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

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

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

Official Companies House page