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Phoenix Chinese News & Entertainment Limited

02557031

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

NUCLEUS HOUSE, RICHMOND, TW9 2JA
Incorporated 12/11/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59113
Television programme production activities

Officers

Ms Jian Cheng

secretary · Since 15/09/2014

Mr Ka Keung Yeung

director · Since 05/02/2020

EXECUTIVE

BRITISH · CHINA · Age 67

Mr Ning Lyu

director · Since 15/01/2021

DIRECTOR

CHINESE · CHINA · Age 43

Mr Bo Liu

director · Since 27/07/2021

DIRECTOR

CHINESE · CHINA · Age 55

Mr Tong Zhang

director · Since 27/07/2021

DIRECTOR

CHINESE · CHINA · Age 54

Mr Qi Li

director · Since 10/01/2023

DIRECTOR

CHINESE · CHINA · Age 47

Charges2 outstanding

charge
outstanding

SCAND TWO LIMITED

Created 20/10/1995Registered 30/10/1995
charge
outstanding

SCAND TWO LIMITED

Created 23/05/1994Registered 25/05/1994

CompanyRankvs 6568+ SIC 59113 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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6568Phoenix Chinese News & Entertainment Limited
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to note 2.2 in the financial statements, which indicates that the validity of the going concern basis is dependent upon the continued financial support of the ultimate

Key FinancialsYear ending 31/12/2024

Turnover

£459k

Annual revenue

Net Worth

-£45.4M

Balance sheet strength

Cash

£656k

Cash in the bank

Profit Before Tax

-£2.3M

Bottom line earnings

Net Current Assets

-£45.7M

Working capital

Current Assets

£921k

Current Liabilities

£46.6M

Fixed Assets

£285k

Debtors

£265k

Cost of Sales

£1.8M

Gross Profit

-£1.4M

Admin Expenses

£945k

Operating Profit

-£2.3M

Profit After Tax

-£2.3M

19avg. employees-3

People Costs(2020)

Wages & salaries£707k
NI contributions£54k

Balance Sheet

Intangible assets£201k
Assets less current liabilities-£45.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.02-£2.8M
20230.01-£1.4M
20220.01-£4.5M
20210.02-£1.8M
20200.02—

Derived from filed accounts. Not audited figures.