GCTEA OUTLETS LTD

• ⚠

  Material uncertainty over going concern

  It is concluded that the company has no realistic alternative but to liquidate or voluntary strike-off and the company cannot continue in business for the foreseeable future for at least 12 months from the date of approval of the financial statements. The going concern basis of the financial statements is not applicable.

• ◆

  Audit opinion: Adverse

  Latest auditor's report carried a non-clean opinion.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GCTEA OUTLETS LTD 2022-03-21 → present
2. GONG CHA ENGLAND OUTLETS LIMITED 2018-08-08 → 2022-03-21

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

P and Co (Partners) LLP

Audit opinion

Adverse

Going concern

Material uncertainty disclosed

“It is concluded that the company has no realistic alternative but to liquidate or voluntary strike-off and the company cannot continue in business for the foreseeable future for at least 12 months from the date of approval of the financial statements. The going concern basis of the financial statements is not applicable.”

Group structure

1. GCTEA OUTLETS LTD · parent
   1. GCTEA Outlets 3 Ltd · UK

Significant events

• “Management intends to cease the business and is seeking assignees of the leases of outlet and new operators of the business within the next 12 months.”
• “The company is operating under the Gong Cha brand. It was held by ST Group Food Industries Holdings Limited ("the group"), a company listed on the Singapore Stock Exchange from the date of incorporation to 15 June 2025.”
• “On 16 June 2025, all shares in the company were acquired by Mr. K K Lam, who became the company's ultimate controlling party from that date.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -27.6%

  £864,872 → £626,313

• Cash

  -67.6%

  £18,720 → £6,071

• Net assets

  +127.4%

  -£449,253 → £123,212

• Employees

  -18.2%

  22 → 18

• Operating profit

  +1,122.7%

  £46,413 → £567,480

• Profit before tax

  +19,155.6%

  £2,928 → £563,804

• Wages

  -9.6%

  £173,046 → £156,454

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