UK Companies House feature
ONAFRIQ UK LIMITED
Cash
£593K
+27.7% vs 2020
Net assets
-£253K
-116.4% vs 2020
Employees
8
+300% vs 2020
Profit before tax
-£2M
-237.9% vs 2020
Profile
- Company number
- 08435446
- Status
- Active
- Incorporation
- 2013-03-07
- Last accounts made up
- 2023-12-31
- Account category
- FULL
- Primary SIC
- 66190
- Hubs
- UK Fintech
Net assets
2-year trend · vs UK Fintech median
Accounts
2-year trend · latest 2021-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 |
|---|---|---|---|
| Turnover | £4,362 | £4,701 | |
| Operating profit | -£206,684 | -£1,942,349 | |
| Profit before tax | £1,304,326 | -£1,798,463 | |
| Net profit | — | — | |
| Cash | £464,571 | £593,250 | |
| Total assets less current liabilities | £1,545,246 | -£253,217 | |
| Net assets | £1,545,246 | -£253,217 | |
| Equity | £1,545,246 | £253,217 | |
| Average employees | 2 | 8 | |
| Wages | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 17 in the financial statements, which indicates that the company ability to continue as a going concern is dependent on funding from its ultimate parent company (Onafriq UK Holdings Limited) (the "Group"). Note 17 also details the ability of the Group to meet its financial liabilities and provide such financial support relies on raising new debt and fundraising from existing shareholders. The fundraising activities have not been fully concluded as of the report date As stated in note 17, these events or conditions, along with the other matters as set forth in note 17, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Subsidiaries
- MFS Africa Payment Processing Ltd · Spain · dormant
- Simbapay Limited · 0.906% held · Bristol · payments aggregator
Significant events
- “The Company entered into a intercompany repayment and settlement agreement with Onafriq UK Holdings Limited and Onafriq Mauritius Limited whereby Onafriq UK Holdings Limited will invest an amount of £1,166,667 into Onafriq UK Limited, split into equal instalments of £583,333 each on 31 January 2024 and 30 April 2024. Additionally, Onafriq Mauritius Limited shall also make a payment of GBP 601,979 on behalf of Onafriq UK Holdings Limited to the Company on 31 July 2024. This will be settled in cash.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DELE-GIWA, Olufunmilayo Itinuola | Secretary | 2020-10-01 | — | — |
| GUTMANN, Patrick Rudolf | Director | 2021-01-04 | Mar 1973 | Swiss |
| NILSSON, Filip Pierre | Director | 2013-03-07 | Apr 1972 | Swedish |
| OKOUDJOU, Dare Atekou | Director | 2016-07-05 | Jul 1976 | French |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADKINS, Julian | Director | 2024-05-01 | 2025-05-23 |
| JAIN, Veenu | Director | 2013-04-10 | 2017-08-31 |
| OKOUDJOU, Dare Atekou | Director | 2013-03-07 | 2013-04-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Onafriq Uk Holdings Limited | Corporate entity | Shares 75–100% | 2021-08-06 | Active |
| Mr Dare Atekou Okoudjou | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-04 | DISS40 | gazette | gazette filings brought up to date |
| 2026-03-03 | GAZ1 | gazette | gazette notice compulsory |
| 2025-09-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-07-09 | AA | accounts | accounts with accounts type full |
| 2025-06-25 | TM01 | officers | termination director company with name termination date |
| 2025-01-15 | DISS40 | gazette | gazette filings brought up to date |
| 2025-01-14 | GAZ1 | gazette | gazette notice compulsory |
| 2025-01-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-08-06 | SH01 | capital | capital allotment shares |
| 2024-07-23 | AA | accounts | accounts with accounts type full |
| 2024-06-14 | AP01 | officers | appoint person director company with name date |
| 2023-11-21 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2023-10-31 | CERTNM | change-of-name | certificate change of name company |
| 2023-10-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-24 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-04-05 | AA | accounts | accounts with accounts type total exemption full |
| 2022-10-26 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-09-20 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-09-20 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2021-09-20 | PSC02 | persons-with-significant-control | notification of a person with significant control |
Credit score
Altman Z″ (private-firm) · reference 2021-12-31
-22.59
DISTRESS
Altman Z″
- Working capital / Total assets -0.373 × 6.56 = -2.44
- Retained earnings / Total assets -0.685 × 3.26 = -2.23
- EBIT / Total assets -2.626 × 6.72 = -17.65
- Book equity / Total liabilities -0.255 × 1.05 = -0.27
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory