GONG CHA LIMITED
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Cash
£15M
USD 20,192,000
-16.9% vs 2023
Net assets
£54M
USD 71,822,000
-17.6% vs 2023
Employees
766
-0.5% vs 2023
Profit before tax
£1.4M
USD 1,888,000
+119.3% vs 2023
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £133,074,562 | £141,324,300 | +6.2% | |
| Operating profit | £8,642,012 | £17,753,406 | +105.4% | |
| Profit before tax | -£7,320,707 | £1,413,385 | +119.3% | |
| Net profit | -£9,287,318 | -£2,881,419 | +69% | |
| Cash | £18,199,581 | £15,116,035 | -16.9% | |
| Total assets less current liabilities | £248,147,926 | £236,311,574 | -4.8% | |
| Net assets | £65,247,792 | £53,767,031 | -17.6% | |
| Equity | £65,247,792 | £53,767,031 | -17.6% | |
| Average employees | 770 | 766 | -0.5% | |
| Wages | £20,110,795 | £21,217,248 | +5.5% | |
| Directors' remuneration | £858,661 | £999,401 | +16.4% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.5% | 12.6% | |
| Net margin | -7.0% | -2.0% | |
| Return on capital employed | 3.5% | 7.5% | |
| Gearing (liabilities / total assets) | 76.9% | 79.9% | |
| Current ratio | 1.20x | 1.25x | |
| Interest cover | 0.50x | 0.95x |
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.
Name history
Renamed 1 time since incorporation
- GONG CHA LIMITED 2020-07-01 → present
- GC GROUP TOPCO LIMITED 2019-06-26 → 2020-07-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that the Company and Group will have sufficient funds to continue to meet its liabilities as they fall due, and meet its financial covenants, for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- GONG CHA LIMITED · parent
- GC Group Holdco Limited 100%
- GC Group Midco Limited 100%
- Gong cha Global Limited 100%
- Gong cha Korea Co Ltd 100%
- Gong cha International Co Ltd 100%
- Gong cha Japan Co Ltd 100%
- Gong cha Americas Inc. 100%
- Gong cha USA Inc. 100%
- GC Naperville, IL, LLC 100%
- GC West Sheridan, LLC 100%
- GC State Street, LLC 100%
- GC North Lincoln, LLC 100%
- Gong cha USA Franchising LLC 100%
- Gong cha USA Product Supplier LLC 100%
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").”
- “Besides, Gong cha Korea Co., Limited signed a new loan facility agreement in Jan 2025 with facility amount of approximately $3.4 million and fully drew down it to enhance the Group's cash resources and continue investment in our Korean business unit.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2023-10-01 | — | — |
| BERK, Michael Stuart | Director | 2019-11-13 | Feb 1970 | American |
| BERRY, Martin Edward | Director | 2019-11-13 | Jun 1977 | Australian |
| REYNISH, Paul Jeffrey James | Director | 2022-09-20 | Sep 1967 | New Zealander |
| SILVERSTEIN, Joel | Director | 2020-06-24 | Dec 1951 | American |
| SIPPEL, Edward Francis | Director | 2019-11-13 | Mar 1973 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SALTGATE (UK) LIMITED | Corporate Secretary | 2019-08-16 | 2023-09-30 |
| BRUJIS CHREM, Daniel | Director | 2019-11-13 | 2020-04-20 |
| GUSTAFSSON, Einar Magnusson | Director | 2020-06-23 | 2022-03-03 |
| HARADA, Eiko | Director | 2019-11-13 | 2021-03-01 |
| KIM, Eui Yeol | Director | 2019-11-13 | 2022-06-01 |
| NEDUNGADI, Ajit | Director | 2019-06-26 | 2019-08-12 |
| PARKIN, Christopher | Director | 2019-06-26 | 2019-11-22 |
| RODWELL, Peter | Director | 2019-11-13 | 2022-09-20 |
| SEIGLER III, Joseph Morgan | Director | 2019-08-16 | 2019-11-22 |
| WALLACE, Gregory Mark | Director | 2019-06-26 | 2019-11-22 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-10 RESOLUTIONS Resolution
- 2026-02-10 RESOLUTIONS Resolution
- 2025-03-10 MA Memorandum articles
- 2025-03-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2026-05-01 | CH01 | officers | Change person director company with change date | |
| 2026-05-01 | CH01 | officers | Change person director company with change date | |
| 2026-05-01 | CH01 | officers | Change person director company with change date | |
| 2026-02-18 | RP01SH01 | miscellaneous | Legacy | |
| 2026-02-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-04-01 | SH01 | capital | Capital allotment shares | |
| 2025-03-10 | MA | incorporation | Memorandum articles | |
| 2025-03-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-23 | AA | accounts | Accounts with accounts type group | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | CH01 | officers | Change person director company with change date | |
| 2023-10-25 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-10-25 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.