PATERSON SIMONS & CO.(AFRICA)LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£1M
+236.3% vs 2023
Net assets
£4M
+12.1% vs 2023
Employees
30
+15.4% highest in 6 filed years
Profit before tax
£1M
+74.9% vs 2023
Profit before tax
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £23,277,932 | £29,948,342 | |
| Operating profit | — | — | — | — | — | — | — | — | £467,467 | £871,754 | |
| Profit before tax | — | — | — | — | — | — | — | — | £574,849 | £1,005,468 | |
| Net profit | £165,866 | — | £7,104 | — | £153,244 | — | -£369,937 | — | £427,059 | £705,588 | |
| Cash | £1,539,669 | — | £902,608 | — | £398,759 | — | £551,310 | — | £348,453 | £1,171,822 | |
| Total assets less current liabilities | £4,103,080 | — | £4,259,040 | — | £3,704,933 | — | £3,285,000 | — | £3,579,094 | £4,013,024 | |
| Net assets | — | — | — | — | — | — | — | — | — | — | |
| Equity | £4,101,936 | £4,101,936 | £4,109,040 | £4,109,040 | £3,654,937 | £3,654,937 | £3,285,000 | £3,285,000 | £3,579,094 | £4,013,024 | |
| Average employees | 28 | — | 28 | — | 28 | — | 23 | — | 26 | 30 | |
| Wages | — | — | — | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 2.0% | 2.9% | |
| Net margin | — | — | — | — | — | — | — | — | 1.8% | 2.4% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 13.1% | 21.7% | |
| Interest cover | — | — | — | — | — | — | — | — | 4.35x | 6.52x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.”
Group structure
- PATERSON SIMONS & CO.(AFRICA)LIMITED · parent
- Pasico Ghana Limited 73.2%
- Paterson Simons & Company Nigeria Limited 99%
- Certification, Inspection & Training Ghana Limited 81%
- Paterson Simons & Co. Togo SARL U 100%
- Paterson Simons & Co. Cameroun SARL 100%
Significant events
- “2024 saw presidential elections in Mauritania, Ghana and Senegal with successful changes of Government. Worryingly, the trend to authoritarianism continued with Burkina Faso and Mali postponing elections and early in 2025 joining Niger in withdrawing from the ECOWAS regional block.”
- “The trend to authoritarianism in those countries has led to some difficult trading environments for Western Mining Companies working in the region, with governments seeking to renegotiate concession agreements and several have been forced to close operations and have had seizures of property and senior personnel to deal with.”
- “This, coupled with ongoing concerns over Al Qaida/Boko Haram disruption in the Sahel affecting Northern Nigeria, and most of Mali and Burkina Faso, make the area hard to operate in and our sales into those areas reflect that. There are some signs that those three Governments cannot afford to turn their back on the Western companies that work there, and rapprochement is likely.”
- “Guinea Republic, which has long been an independent nation in the Francophone world, has also taken a strong approach to international operators and is forcing local content rules which adds some complexity to sales there.”
- “2025 will see presidential elections in Cote d'Ivoire and Togo. Cancelled elections in Niger, Burkina Faso and Mali are rescheduled but may not materialise or may struggle to maintain democratic norms.”
- “2025 will also see elections in Cameroon where succession of the World's longest standing president will likely cause economic and democratic uncertainty.”
- “Supply chain problems eased during the year which helped reduce a significant back-order volume we carried over from 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Steven Anthony | Director | 2013-02-08 | Aug 1964 | British |
| LYNE, Edward | Director | 2010-09-16 | Nov 1942 | British |
| LYNE, Henry Michael John | Director | 2007-01-01 | May 1975 | British |
| OKOH, Kwaku Okae | Director | 2012-10-01 | Jan 1974 | Ghanaian |
| SAVOY, James | Director | 2020-07-01 | Feb 1988 | British |
| TRAYNOR, John Paul | Director | 2010-09-16 | Jun 1965 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WAKEFIELD, Derek Hector | Secretary | — | 2010-06-30 |
| AVELINE, Janet Martha Mavis | Director | — | 2010-06-22 |
| COLLINS, Alastair | Director | 1992-08-31 | 1995-04-18 |
| COLLINS, Daniel | Director | — | 1992-08-31 |
| EDGE, Stephen William | Director | 2013-02-08 | 2014-09-05 |
| LYNE, Annette Diana | Director | — | 1996-04-30 |
| LYNE, Edward Robert Michael | Director | — | 1996-04-30 |
| LYNE, Henry Michael John | Director | 2003-04-07 | 2006-03-01 |
| LYNE, Henry Michael John | Director | 1996-05-08 | 1998-02-23 |
| OKOH, Kwaku Okae | Director | 1996-06-07 | 2002-07-01 |
| WAKEFIELD, Carol Ann | Director | — | 2012-06-01 |
| WAKEFIELD, Derek Hector | Director | — | 2012-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Henry Michael John Lyne | Individual | Shares 50–75% | 2024-07-31 | Active |
| Material Handling Consultants Limited | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2020-03-31 |
Filing timeline
Last 20 of 166 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-04 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | CH01 | officers | Change person director company with change date | |
| 2023-10-24 | AA | accounts | Accounts with accounts type group | |
| 2023-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-05 | AA | accounts | Accounts with accounts type group | |
| 2022-07-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-03-25 | CH01 | officers | Change person director company with change date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type group | |
| 2021-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-24 | AA | accounts | Accounts with accounts type group | |
| 2020-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2020-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2020-04-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+28.7%
£23,277,932 £29,948,342
-
Cash
+236.3%
£348,453 £1,171,822
-
Net assets
—
Not reported
-
Employees
+15.4%
26 30
highest in 6 filed years
-
Operating profit
+86.5%
£467,467 £871,754
-
Profit before tax
+74.9%
£574,849 £1,005,468
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers