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Korea Foods Company Limited

03896933

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 11 outstanding charges (-10)

Details

UNIT 5 WYVERN INDUSTRIAL ESTATE, NEW MALDEN, KT3 4PH
Incorporated 20/12/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46390
Non-specialised wholesale of food, beverages and tobacco

Officers

Mr Bernard Suh

director · Since 06/02/2001

MANAGER

BRITISH · UNITED KINGDOM · Age 79

Also on 2 other boards

Anna Suh

secretary · Since 21/09/2007

BRITISH · Age 71

Mr Daniel Suh

director · Since 06/12/2011

NONE

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mr Bernard Suh

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust

British · United Kingdom · Age 80

8, Coombe House Chase, New Malden, KT3 4SL

Notified 06/04/2016

Mr Daniel Suh

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust

British · England · Age 50

Unit 5, Wyvern Industrial Estate, New Malden, KT3 4PH

Notified 02/04/2026

Mrs Anna Suh

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust

British · England · Age 71

Unit 5, Wyvern Industrial Estate, New Malden, KT3 4PH

Notified 02/04/2026

Charges11 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 01/03/2024Registered 05/03/2024
Charge
outstanding

RAYMOND PAUL CORNELIUS · EILEEN MARIA CORNELIUS

Created 02/02/2022Registered 16/02/2022
Charge
outstanding

HSBC UK BANK PLC

Created 02/02/2022Registered 09/02/2022
Charge
outstanding

HSBC UK BANK PLC

Created 29/07/2020Registered 03/08/2020
Charge
outstanding

HSBC BANK PLC

Created 10/07/2014Registered 10/07/2014
Charge
outstanding

HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 15/04/2013Registered 01/05/2013
charge
outstanding

HSBC BANK PLC

Created 31/03/2011Registered 02/04/2011
charge
satisfied

HSBC BANK PLC

Created 27/08/2010Registered 28/08/2010Satisfied 05/03/2026
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 07/10/2008Registered 09/10/2008
charge
outstanding

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 07/10/2008Registered 09/10/2008
charge
outstanding

IMPERIAL TOBACCO PENSION TRUSTEES LIMITED AND IMPERIAL INVESTMENTS LIMITED

Created 29/07/2004Registered 30/07/2004
charge
outstanding

HSBC BANK PLC

Created 13/02/2002Registered 01/03/2002

CompanyRankvs 182+ SIC 46390 peers
66

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.56× · 16/20
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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182Korea Foods Company Limited
82
How is this score calculated?
Financial strength25/25 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.

Liquidity16/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/06/2024

Turnover

£78.0M

Annual revenue

Net Worth

£13.4M

Balance sheet strength

Cash

£482k

Cash in the bank

Profit Before Tax

£3.8M

Bottom line earnings

Net Current Assets

£8.6M

Working capital

Current Assets

£23.8M

Current Liabilities

£15.2M

Fixed Assets

£8.1M

Debtors

£7.2M

Cost of Sales

£54.0M

Gross Profit

£24.0M

Admin Expenses

£20.1M

Operating Profit

£4.2M

Profit After Tax

£2.7M

323avg. employees

Tax at Year End

Corp tax£947k

People Costs

Wages & salaries£10.2M
NI contributions£816k

Balance Sheet

Intangible assets£101k
Bank loans & overdrafts£82k
Assets less current liabilities£16.7M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20241.56

Derived from filed accounts. Not audited figures.