AFRICAN AGRICULTURAL TECHNOLOGY FOUNDATION
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-01-17
Overdue
Watchouts
Cash
£2M
+4.7% vs 2023
Net assets
£19M
+52.2% vs 2023
Employees
89
+9.9% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-01-17.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £7,351,057 | £18,143,920 | |
| Operating profit | -£2,584,976 | £6,391,003 | |
| Profit before tax | — | — | |
| Net profit | -£3,198,850 | £6,507,047 | |
| Cash | £1,733,918 | £1,815,017 | |
| Total assets less current liabilities | — | — | |
| Net assets | £12,455,035 | £18,962,082 | |
| Equity | £12,455,035 | £18,962,082 | |
| Average employees | 81 | 89 | |
| Wages | £2,634,598 | £3,051,169 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -35.2% | 35.2% | |
| Net margin | -43.5% | 35.9% | |
| Current ratio | 12.12x | 13.47x |
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
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The trustees have a reasonable expectation that the Foundation and the group have adequate resources to continue in operational existence for the foreseeable future of a minimum of 12 months from when these financial statements are approved.”
Group structure
- AFRICAN AGRICULTURAL TECHNOLOGY FOUNDATION · parent
- Agridrive Nigeria Limited 0.99%
- Qualibasic Seed Company Limited 0.99%
- Ecobasic Seed Company Limited 1%
Significant events
- “In Nigeria, four TELA maize hybrids were released in January 2024.”
- “The PBR cowpea project made good progress in 2024, particularly with the launch of the PBR cowpea as Songotra-T in Ghana.”
- “In 2024, OFAB attended and facilitated various events to engage directly with special interest groups that influence the conversation around GM crops.”
- “The project obtained a material transfer agreement from Corteva in 2024, allowing Corteva to transfer seeds for genome-edited sorghum with Striga resistance, facilitating the start of field trials.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TEJAN-COLE, Alhaji Abubakarr | Secretary | 2009-11-02 | — | — |
| AMBALI, Aggrey, Professor | Director | 2021-11-10 | Apr 1964 | Malawian |
| GILL, Evelyn Margaret, Dr | Director | 2022-11-01 | Jan 1951 | British |
| GLATZEL, Katrin, Dr | Director | 2024-05-22 | Apr 1985 | German |
| KAH, Muhammadou Momodou Omar, Professor | Director | 2022-01-14 | May 1966 | Gambian |
| KAMAU, Grace, Dr | Director | 2024-11-04 | Sep 1977 | Kenyan |
| KANANGIRE, Canisius, Dr | Director | 2021-07-01 | Sep 1960 | Rwandan |
| MWAKAJE, Saudin Jacob, Prof | Director | 2024-11-04 | Oct 1974 | Tanzanian |
| MWOGA, Gilbert Muthee, Dr | Director | 2024-10-04 | Jul 1968 | Kenyan |
| SLIPPERS, Bernard, Professor | Director | 2021-11-10 | May 1972 | South African |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOADI, Richard Yaw | Secretary | 2004-06-17 | 2010-01-01 |
| TERRY, Eugene Robert | Secretary | 2003-01-23 | 2004-06-17 |
| AKUFFO-AKOTO, Kwame | Director | 2011-09-12 | 2019-10-31 |
| ALHASSAN, Walter Sandow | Director | 2003-01-23 | 2010-12-31 |
| AYUGI OKOT, Josephine | Director | 2007-11-01 | 2012-03-14 |
| BADIANE, Ousmane, Dr | Director | 2015-04-09 | 2022-11-03 |
| BANADDA, Noble | Director | 2019-10-31 | 2021-07-01 |
| BEACH, Larry | Director | 2013-01-11 | 2019-10-31 |
| BLADE, Stanford | Director | 2012-03-02 | 2019-01-01 |
| BOGA, Hamadi Iddi, Prof. | Director | 2020-05-19 | 2022-06-27 |
| BOKANGA, Mpoko | Director | 2004-06-17 | 2009-01-01 |
| COLAÇO, Jessica Francisca | Director | 2018-12-15 | 2021-11-10 |
| CONWAY, Gordon Richard, Professor Sir | Director | 2010-01-01 | 2015-10-28 |
| DJIBRINE, Djime Adoum, Dr | Director | 2021-11-10 | 2022-11-03 |
| GARWE, Dahlia | Director | 2019-10-31 | 2025-11-30 |
| GLOVER, Lesley Anne, Prof. Dame | Director | 2015-10-29 | 2021-11-10 |
| GWARAZIMBA, Vincent | Director | 2003-01-23 | 2007-01-01 |
| HARNESS, Robert Lee | Director | 2010-01-01 | 2011-08-28 |
| HOREMANS, Sylvia Chinyama Chisangano | Director | 2018-12-15 | 2024-11-04 |
| HUANG, Jikun, Dr | Director | 2011-11-02 | 2014-10-09 |
| IRUNGU WAITHAKA, Johnson, Mr. | Director | 2013-06-11 | 2020-05-19 |
| KABERIA, Bonface Kangentu, Dr | Director | 2023-02-22 | 2024-10-04 |
| KANOUTE, Assetou, Madame | Director | 2003-10-01 | 2010-01-01 |
| KYETERE, Denis, Dr | Director | 2012-01-01 | 2021-06-30 |
| MAIGA, Mariame | Director | 2010-01-01 | 2015-10-28 |
| MASSEY, Adrianne, Dr | Director | 2008-04-30 | 2013-12-31 |
| MATARUKA, Daniel Fungai | Director | 2009-10-01 | 2010-12-14 |
| MATLON, Peter Joseph, Dr | Director | 2010-01-01 | 2011-07-26 |
| MIGNOUNA, Hodeba | Director | 2010-12-14 | 2011-12-31 |
| NACHTRAB, Kevin | Director | 2005-09-02 | 2012-11-08 |
| NDIRITU, Cyrus Gathirua | Director | 2003-01-23 | 2003-06-19 |
| OISHI, Michio, Dr | Director | 2007-11-30 | 2011-11-03 |
| OUEDRAOGO, Tinga Jeremy, Dr | Director | 2015-10-29 | 2021-11-10 |
| RADDING, Rory, Mr. | Director | 2012-11-08 | 2019-01-01 |
| RAKOTOARISAONA, Justin, Mr. | Director | 2012-11-08 | 2019-01-01 |
| SAMPAIO, Maria Jose | Director | 2003-01-23 | 2004-06-17 |
| SARPONG, George Agyemang | Director | 2018-12-15 | 2024-11-04 |
| SHARUBUTU, Garba Hamidu, Prof. | Director | 2022-12-09 | 2025-11-30 |
| SIBANDA, Mclean | Director | 2014-11-11 | 2019-10-31 |
| SITHOLE-NIANG, Idah, Dr | Director | 2009-01-01 | 2016-04-09 |
| SONGA, Wilson, Dr | Director | 2006-09-07 | 2013-06-11 |
| SULLIVAN, Shawn Neill | Director | 2003-01-23 | 2004-11-10 |
| TATA, Shey Romanus | Director | 2019-10-31 | 2025-11-30 |
| TERRY, Eugene Robert | Director | 2003-01-23 | 2010-01-01 |
| THOMSON, Jennifer Ann | Director | 2003-01-23 | 2010-01-01 |
| TRIMBLE, Michael Walter | Director | 2003-01-23 | 2009-01-01 |
| TUKUR, Alhaji Bamanga Mohamed | Director | 2005-01-01 | 2010-12-31 |
| TUMUSHABE, Godber Wilson | Director | 2003-01-23 | 2004-12-31 |
| WÜNNING TSCHOL, Ingrid, Dr | Director | 2016-11-03 | 2022-11-03 |
| XUE, Yongbiao, Professor | Director | 2007-01-01 | 2009-01-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | AA | accounts | Accounts with accounts type group | |
| 2025-02-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-02 | AA | accounts | Accounts with accounts type group | |
| 2023-09-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+146.8%
£7,351,057 £18,143,920
-
Cash
+4.7%
£1,733,918 £1,815,017
-
Net assets
+52.2%
£12,455,035 £18,962,082
-
Employees
+9.9%
81 89
-
Operating profit
+347.2%
-£2,584,976 £6,391,003
-
Wages
+15.8%
£2,634,598 £3,051,169
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers