PHOENIX CHINESE NEWS & ENTERTAINMENT LIMITED
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Cash
£605k
-7.8% vs 2024
Net assets
-£46m
-2% lowest in 6 filed years
Employees
18
-5.3% lowest in 6 filed years
Profit before tax
-£2.3m
-0.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company shows net liabilities at the reporting date of £46,305,780 (2024: £45,406,177). The financial statements have been drawn up on a going concern basis which assumes that the company's ultimate holding company has committed to provide the necessary financial resources to the company
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £763,648 | £742,564 | £412,138 | £503,164 | £459,352 | £322,903 | -29.7% | |
| Operating profit | -£1,723,773 | -£1,686,372 | -£2,445,586 | -£2,354,913 | -£2,317,346 | -£2,322,169 | -0.2% | |
| Profit before tax | — | — | -£2,445,586 | -£2,354,671 | -£2,315,936 | -£2,319,516 | -0.2% | |
| Net profit | -£1,723,773 | -£1,686,372 | -£2,445,586 | -£2,354,671 | -£2,315,936 | -£2,319,516 | -0.2% | |
| Cash | £467,606 | £343,233 | £223,912 | £268,908 | £656,092 | £605,148 | -7.8% | |
| Total assets less current liabilities | -£34,976,444 | -£36,772,786 | -£41,272,969 | -£42,623,002 | -£45,406,177 | -£46,305,780 | -2% | |
| Net assets | -£34,976,444 | -£36,772,786 | -£41,272,969 | -£42,623,002 | -£45,406,177 | -£46,305,780 | -2% | |
| Equity | — | — | — | — | — | — | — | |
| Average employees | 21 | 20 | 22 | 20 | 19 | 18 | -5.3% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | 4809.5% | 5562.3% | 6983.0% | 4910.6% | 3862.3% | 4439.3% | |
| Current ratio | — | — | — | 0.01x | 0.02x | 0.02x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- PHOENIX CHINESE NEWS & ENTERTAINMENT LIMITED 1999-08-20 → present
- CHINESE NEWS & ENTERTAINMENT LIMITED 1993-11-30 → 1999-08-20
- CHINA NEWS EUROPE LIMITED 1992-08-28 → 1993-11-30
- SEARS COMMUNICATIONS LIMITED 1991-03-27 → 1992-08-28
- TRENDSPACE LIMITED 1990-11-12 → 1991-03-27
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- Nyman Libson Paul LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company shows net liabilities at the reporting date of £46,305,780 (2024: £45,406,177). The financial statements have been drawn up on a going concern basis which assumes that the company's ultimate holding company has committed to provide the necessary financial resources to the company”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHENG, Jian | Secretary | 2014-09-15 | — | — |
| HO, Lap Kei | Director | 2026-06-12 | Apr 1979 | Chinese |
| LI, Qi | Director | 2023-01-10 | Sep 1978 | Chinese |
| LIU, Bo | Director | 2021-07-27 | May 1971 | Chinese |
| ZHANG, Tong | Director | 2021-07-27 | Aug 1971 | Chinese |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEARS, Melvyn John | Secretary | — | 1993-02-15 |
| SHAO, Wen Guang, Dr. | Secretary | 2000-11-13 | 2014-09-15 |
| YAO, Betty | Secretary | 1993-02-15 | 2000-08-14 |
| CHAN, Samuel Lap Sum | Director | — | 1991-11-29 |
| CHEN, Tingsun, Mr. | Director | 2001-11-01 | 2026-05-25 |
| CHEUNG, Chun On Daniel | Director | 2001-11-01 | 2006-09-29 |
| CHUI, Keung, Mr. | Director | 2001-01-01 | 2021-07-27 |
| GONG, Jianzhong, Mr. | Director | 2007-01-12 | 2020-02-05 |
| HE, Daguang | Director | 2020-02-05 | 2023-01-10 |
| LAU, Yu Leung John | Director | 2001-01-01 | 2009-11-30 |
| LEUNG, Noong Kong | Director | 2001-01-01 | 2008-01-01 |
| LEUNG, Norman Nai-Pang | Director | 1992-09-06 | 1994-12-01 |
| LIU, Changle, Mr. | Director | 2001-01-01 | 2021-07-27 |
| LYU, Ning | Director | 2021-01-15 | 2026-08-25 |
| SCARS, Kenneth John | Director | — | 1992-11-12 |
| SEARS, Melvyn John | Director | — | 1993-12-31 |
| SIU, Sun Yuk Bui Yvonne | Director | 1992-09-06 | 1993-12-31 |
| TANG, David | Director | 1992-09-06 | 2001-01-01 |
| TSUI, Tsin Tong | Director | 1992-09-06 | 2001-01-01 |
| WU, Ting Yuk Anthony | Director | — | 1993-03-15 |
| XU, Gang | Director | 2001-11-01 | 2007-01-12 |
| YAO, Betty | Director | 1994-12-01 | 1999-08-21 |
| YEUNG, Ka Keung | Director | 2020-02-05 | 2026-06-12 |
| ZHAO, Shaohua, Mr. | Director | 2001-11-01 | 2021-01-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-17 | AA | accounts | Accounts with accounts type full | |
| 2021-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-17 | AA | accounts | Accounts with accounts type full | |
| 2021-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-28 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.