- Business
- K W Nelson Interior Design and Contracting Group Limited (8411.HK) is an investment holding company principally engaged in providing interior design, project management services, and fitting-out works for commercial premises in Hong Kong. The group offers pre-lease advisory services; interior design and space planning; project management; construction and fitting-out works; after-sales services; and lifetime maintenance for tailor-made sections, excluding damage from wear and tear. It serves multinational companies across industries including banking, retail, healthcare, legal services, catering, education, energy, insurance, telecommunications, property management, and logistics, with projects encompassing offices, elderly homes, medical centers, restaurants, galleries, and residential premises primarily in prime office buildings and retail locations in Hong Kong.
Incorporated in the Cayman Islands and listed on the GEM board of The Stock Exchange of Hong Kong in December 2016, the company traces its origins to 1989 through its key subsidiary, K W Nelson Interior Design and Contracting Limited (formerly K W Nelson Interior Architect Limited), which was established in February 2009; it changed its name to the current form in August 2017 to better position and brand its business. Headquartered at Room 1703, 17th Floor, Technology Plaza, 651 King's Road, Quarry Bay, Hong Kong, the group maintains a place of business in Guangzhou, PRC, though its revenue derives overwhelmingly from Hong Kong operations.
The group's projects are categorized into design and decoration projects, where it handles tailor-made interior design proposals, project management, and fitting-out works; decoration projects focused on project management and fitting-out; and other interior design and fitting-out services. In 2024, revenue fell 25.4% to HK$21.5 million, driven by lower office premises contributions (HK$17.0 million, 79% of total) partly offset by elderly home growth (HK$3.4 million, 15.9%), yielding a gross profit of HK$6.8 million at 31.4% margin; for the six months ended June 30, 2025, revenue rebounded 42.7% to HK$12.3 million, fueled by office and medical center projects, with gross profit at HK$4.0 million and 32.8% margin.
Recent developments include board changes with the resignation of independent non-executive director Mr. Hui Harry Chi and appointment of Mr. Li Wai Leung on January 1, 2025, alongside Mr. Li Wai Leung's admission to the Association of Chartered Certified Accountants in January 2025; the group reported no significant investments, material acquisitions, disposals of subsidiaries or joint ventures, capital commitments, or contingent liabilities as of December 31, 2024, or June 30, 2025. It maintains a strong liquidity position with net current assets of HK$60.1 million at year-end 2024 (current ratio 19.4x) and HK$58.5 million interim 2025 (11.0x), funded internally with no borrowings, and focuses expansion on medical sectors amid aging population trends and recovering office demand.