PAN AFRICA ENTREPRENEURS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-25 (this month)
Last made up 2025-05-11
Watchouts
None on the register
Cash
£885K
+83.9% vs 2023
Net assets
£15M
-58.1% vs 2023
Employees
2
+100% vs 2023
Profit before tax
-£21M
+50.4% vs 2023
Name history
Renamed 1 time since incorporation
- PAN AFRICA ENTREPRENEURS LIMITED 2015-05-22 → present
- GLORYDRIVE LIMITED 2015-05-11 → 2015-05-22
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £12,109,573 | £11,368,311 | |
| Operating profit | -£6,590,733 | -£3,469,354 | |
| Profit before tax | -£43,070,913 | -£21,370,035 | |
| Net profit | -£41,568,156 | -£20,789,090 | |
| Cash | £481,116 | £884,574 | |
| Total assets less current liabilities | £35,797,807 | £15,006,896 | |
| Net assets | £35,797,807 | £15,006,896 | |
| Equity | £35,797,807 | £15,006,896 | |
| Average employees | 1 | 2 | |
| Wages | £186,579 | £272,780 |
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 | -54.4% | -30.5% | |
| Net margin | -343.3% | -182.9% | |
| Return on capital employed | -18.4% | -23.1% | |
| Gearing (liabilities / total assets) | 15.4% | 44.5% | |
| Current ratio | 2.97x | 1.26x | |
| Interest cover | -19.50x | -12.33x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the company is a going concern. These financial statements have been prepared on a going concern basis on the grounds that the entity has net current assets of $4,280,413 (2023 $17,363,063) at year end and has a call loan agreement of a maximum of $35,000,000 with Philip Morris Finance SA, a company incorporated in Switzerland.”
Group structure
- PAN AFRICA ENTREPRENEURS LIMITED · parent
- Philip Morris Limited 99.9%
- Philip Morris Tanzania Limited 99.9%
- Philip Morris Manufacturing Senegal S.A.R.L. 100%
Significant events
- “Subsequent to 31 December 2024, the board approved the issue of new shares as part of the PAE Group's restructuring plan. Shares issued as part of the subscription forms approved amounted to $18,000,144. The proceeds from the capital injection was subsequently used to settle the outstanding intercompany loans of the company in December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2015-05-11 | — | — |
| BIBIC, Branislav | Director | 2025-07-07 | Dec 1970 | Croatian |
| BOUAMATOU, Mohamed | Director | 2015-12-10 | Jun 1953 | Mauritanian |
| DOSS, Devraj | Director | 2023-11-30 | Oct 1972 | Indian |
| INKSTER, Martin William | Director | 2019-09-09 | Oct 1966 | British,Australian |
| LASAKI, Abimbola | Director | 2020-12-17 | Oct 1976 | Nigerian |
| NDOUR, Christelle Absatou | Director | 2022-07-20 | Jan 1986 | Senegalese |
| NIXON, Peter | Director | 2024-11-30 | Oct 1974 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALOGUN, Bolaji | Director | 2015-12-10 | 2020-09-11 |
| BAUER, Stefan | Director | 2017-12-14 | 2019-09-09 |
| EZZEDINE, Yasser Moussa | Director | 2015-12-10 | 2023-06-28 |
| FIELDEN, Rosamund Gillian | Director | 2017-08-30 | 2023-11-30 |
| INKSTER, Martin William | Director | 2015-05-22 | 2018-02-14 |
| LEVY, Adrian Joseph Morris | Director | 2015-05-11 | 2015-05-22 |
| MACGREGOR, Mark Christopher | Director | 2018-02-14 | 2020-01-21 |
| MAHE, Claire Marie Louise Georgette | Director | 2015-12-10 | 2022-07-20 |
| MAZOU, Ez-Ei-Din | Director | 2015-05-22 | 2019-03-29 |
| MULLER, Javier | Director | 2019-09-09 | 2023-11-30 |
| MUTTART, Patrick Christopher | Director | 2020-07-09 | 2021-09-30 |
| NIXON, Peter Clive | Director | 2017-03-29 | 2020-11-01 |
| PUDGE, David John | Director | 2015-05-11 | 2015-05-22 |
| SAFAKISH, Bahman | Director | 2018-12-14 | 2024-11-30 |
| SALTMER, Ian James | Director | 2015-12-10 | 2018-03-01 |
| WOOLFENDEN, Christian Mark | Director | 2020-12-17 | 2022-07-20 |
| YAZBECK, Roman | Director | 2015-12-10 | 2017-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pan Africa Invest Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 96 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-04 RESOLUTIONS Resolution
- 2026-02-04 MA Memorandum articles
- 2026-01-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-04 | MA | incorporation | Memorandum articles | |
| 2026-01-12 | SH01 | capital | Capital allotment shares | |
| 2026-01-12 | MA | incorporation | Memorandum articles | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-05 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-18 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-12-18 | CAP-SS | insolvency | Legacy | |
| 2023-12-18 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 1
- Officers appointed
- 1
- 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
-6.1%
£12,109,573 £11,368,311
-
Cash
+83.9%
£481,116 £884,574
-
Net assets
-58.1%
£35,797,807 £15,006,896
-
Employees
+100%
1 2
-
Operating profit
+47.4%
-£6,590,733 -£3,469,354
-
Profit before tax
+50.4%
-£43,070,913 -£21,370,035
-
Wages
+46.2%
£186,579 £272,780
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