EXCEL WINNER UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-21 (in 3mo)
Last made up 2025-08-07
Watchouts
None on the register
Cash
£10M
-94.7% vs 2023
Net assets
£136M
+2.8% vs 2023
Employees
—
Average over period
Profit before tax
£7M
-94.4% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £496,295,709 | £140,099,133 | |
| Operating profit | £117,106,316 | £2,735,125 | |
| Profit before tax | £118,568,882 | £6,616,828 | |
| Net profit | £90,703,643 | £3,715,681 | |
| Cash | £183,369,988 | £9,648,560 | |
| Total assets less current liabilities | £131,978,557 | £135,846,929 | |
| Net assets | £131,978,557 | £135,694,238 | |
| Equity | £131,978,557 | £135,694,238 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 23.6% | 2.0% | |
| Net margin | 18.3% | 2.7% | |
| Return on capital employed | 88.7% | 2.0% | |
| Gearing (liabilities / total assets) | 86.0% | 80.5% | |
| Current ratio | 1.16x | 1.23x | |
| Interest cover | 49.46x | 3.38x |
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
- UK adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, and the Group has prepared appropriate cashflow forecasts for the period until 31 October 2026. The Group has generated sufficient funds to enable it to continue to operate and meet its liabilities as they fall due and at least for a period of twelve months from the date of signing these financial statements.”
Group structure
- EXCEL WINNER UK LIMITED · parent
- Excel Winner Holding Limited 100%
- Excel Winner (Phase 1) Limited 100%
- Excel Winner (N6) Limited 100%
- Excel Winner (N8) Limited 100%
- Excel Winner (N9) Limited 100%
- Excel Winner (Retail) Limited 100%
- Thames City Property Development Ltd 100%
- Excel Winner (Holdco2) Limited 100%
- Excel Winner (Phase 2) Limited 100%
- Excel Winner (N1) Limited 100%
- Excel Winner (N2a) Limited 100%
- Excel Winner (N2b) Limited 100%
- Excel Winner (N3a) Limited 100%
- Excel Winner (N3b) Limited 100%
- Excel Winner (N4a) Limited 100%
- Excel Winner (N4b) Limited 100%
- Excel Winner (N5a) Limited 100%
- Excel Winner (N5b) Limited 100%
Significant events
- “The Group's phase 2 development is currently in planning stage, with construction expected to commence in November 2025 and practical completion anticipated by October 2028.”
- “In 2024, the Group has achieved £137 million in sales, reflecting strong demand and effective sales strategies.”
- “The Group has not paid a dividend nor are the directors proposing to pay a dividend for the year ended 31 December 2024 (2023:Nil).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2017-10-31 | — | — |
| LEUNG, Wai Fai | Director | 2023-04-18 | May 1961 | Chinese |
| NGAI, Yee Hong | Director | 2017-08-10 | Jun 1972 | Chinese |
| TUNG, Wai Lan Iris | Director | 2022-06-02 | Jan 1966 | Chinese |
| WU, Qing | Director | 2022-06-02 | May 1957 | Chinese |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUAN, Zhixiong | Director | 2020-11-16 | 2022-06-02 |
| LEUNG, Chun Cheong | Director | 2017-08-10 | 2023-04-18 |
| LEUNG, Wai Fai | Director | 2017-08-08 | 2017-08-10 |
| LI, Sze Lim | Director | 2017-08-16 | 2022-06-02 |
| WONG, Chi Keung | Director | 2017-08-08 | 2017-08-10 |
| XIA, Ning | Director | 2017-08-16 | 2020-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chung Kiu Cheung | Individual | Shares 75–100%, Voting 75–100% | 2022-06-02 | Active |
| Cheung Chung Kiu | Individual | Shares 50–75%, Voting 50–75% | 2017-08-08 | Ceased 2017-08-09 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2025-10-28 | AA | accounts | Accounts with accounts type group | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-08 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-04-08 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-09-17 | AA | accounts | Accounts with accounts type group | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-01 | AA | accounts | Accounts with accounts type group | |
| 2023-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-20 | AA | accounts | Accounts with accounts type group | |
| 2022-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-06-17 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
-71.8%
£496,295,709 £140,099,133
-
Cash
-94.7%
£183,369,988 £9,648,560
-
Net assets
+2.8%
£131,978,557 £135,694,238
-
Employees
—
Not reported
-
Operating profit
-97.7%
£117,106,316 £2,735,125
-
Profit before tax
-94.4%
£118,568,882 £6,616,828
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