GONG CHA GLOBAL LIMITED

1. GONG CHA GLOBAL LIMITED 2020-07-04 → present
2. GC GROUP BIDCO LIMITED 2019-06-26 → 2020-07-04

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. As of 31 December 2024, the Company had net assets of $69.4 million (2023: $72.9 million), cash and cash equivalents of $4.0 million (2023: $3.1 million), and profit before tax for the year of $0.7 million (2023: loss before tax of $5.6 million). The Directors have prepared both the Company and Group cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements showing both a most likely base case and a severe but plausible downside, which the Directors do not consider likely, but could occur.”

Group structure

1. GONG CHA GLOBAL LIMITED · parent
   1. Gong cha Korea Co., Ltd 100% · South Korea · Non-alcoholic beverages
   2. Gong cha International Co., Ltd 100% · Taiwan · Specialty tea distributor
   3. Gong cha Japan Co Ltd 100% · Japan · Non-alcoholic beverages
   4. Gong cha Americas Inc. 100% · USA · Non-alcoholic beverages
   5. Gong cha USA Inc. 100% · USA · Non-alcoholic beverages
   6. GC Naperville, LLC 100% · USA · Non-alcoholic beverages
   7. GC West Sheridan, LLC 100% · USA · Dormant
   8. GC State Street, LLC 100% · USA · Non-alcoholic beverages
   9. GC North Lincoln, LLC 100% · USA · Dormant
   10. Gong cha USA Franchising LLC 100% · USA · Franchisor for US business
   11. Gong cha USA Product Supplier LLC 100% · USA · Provision of raw materials

Significant events

• “In March 2025, Gong cha USA Franchising, LLC ("GCF"), being franchisor for US business, signed an Asset Purchase Agreement to acquire the business (including cash, stock, receivables, contracts, team etc.) of Gong Cha CA Franchise, LLC ("GCCA") which is a master franchisee of the State of California, USA ("Region").”
• “According to the Asset Purchase Agreement, the consideration is $5.2 million in which approximately $0.8 million is related to stocks and cash of equivalent amounts transferred from GCCA to GCF and $0.5 million is conditional on certain stores development in the Region in an agreed timeframe until March 2026.”
• “To facilitate the transaction, the Company has signed intra-group facility agreement with GCF in March 2025 with a facility limit up to $6.0 million.”
• “The intercompany loan agreement with Gong cha International Co., Ltd was extended to 30 June 2027 in April 2025.”

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

Filings

5

last 12 months

Capital events

0

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.

• Turnover

  +10.4%

  £61,479,615 → £67,856,931

• Cash

  +28.8%

  £2,314,307 → £2,979,985

• Net assets

  -4.8%

  £54,072,646 → £51,459,600

• Employees

  +9.5%

  21 → 23

• Operating profit

  +43.8%

  £12,078,577 → £17,373,610

• Profit before tax

  +113.1%

  -£4,165,308 → £547,072

• Wages

  +0.9%

  £3,954,040 → £3,989,622

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