PAN AFRICA INVEST COMPANY LIMITED

1. PAN AFRICA INVEST COMPANY LIMITED 2015-05-22 → present
2. INSPIREBAY LIMITED 2015-05-11 → 2015-05-22

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider the company to be a going concern due to its role as a holding entity within the Philip Morris International group, which inherently involves limited operational activity. The company does not engage in trading activities and has no transactions throughout the year. As such, it is not impacted by economic volatility, customer behaviour, sales volumes, or operating margins. Given the predictable nature of its obligations, the directors have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. While there are proposed structural changes within the PAE group, the directors have concluded that the company will continue to function as a holding entity under Philip Morris International group for the at least 12 months from the date of approval of the financial statements.”

Group structure

1. PAN AFRICA INVEST COMPANY LIMITED · parent
   1. Philip Morris Tanzania Limited 100% · Tanzania · The production and sale of cigarettes in Tanzania
   2. Philip Morris Limited 99.9% · Nigeria · The production and sale of cigarettes in Nigeria
   3. Philip Morris Manufacturing Senegal S.A.R.L 100% · Senegal · The production and sale of cigarettes in Senegal and West Africa

Significant events

• “The company's indirect subsidiaries, Philip Morris Limited Nigeria and Philip Morris Tanzania Limited, are to undertake business restructuring in accordance with management's strategic plans for the Pan Africa Entrepreneurs group ("the PAE Group").”
• “Subsequent to 31 December 2024, the board approved the subscription to new shares in PAE as part of the PAE Group's restructuring plan. Shares issued as part of the subscription forms approved amounted to $18,000,144.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  0%

  £27,730 → £27,730

• Net assets

  0%

  £102,525,663 → £102,525,663

• Employees

  —

  Not reported

• Operating profit

  +100%

  -£171,493 → £0

• Profit before tax

  +100%

  -£171,493 → £0

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