UK Companies House feature
AFIN BANK LIMITED
Cash
£3M
+224.8% vs 2023
Net assets
—
Equity attributable
Employees
27
+125% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 13090556
- Status
- Active
- Incorporation
- 2020-12-18
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64191
- Hubs
- UK Fintech
Cash
4-year trend · vs UK Fintech median
Accounts
4-year trend · latest 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | — | — | |
| Cash | £86,318 | £7,333 | £971,678 | £3,155,921 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | — | — | — | |
| Equity | — | £0 | £962,179 | £15,359,865 | |
| Average employees | — | — | 12 | 27 | |
| Wages | — | — | £960,766 | £3,355,591 |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In assessing going concern, the Directors have considered the current statement of financial position, the financial projections, longer-term strategy of the business and the capital and liquidity plans, including stress tests and plans for future capital injections.”
Significant events
- “In October 2024 Afin Bank Limited managed to secure a banking licence with restrictions, with the objective of launching a new digital bank to help the African diaspora living and working in the UK.”
- “On 18 October 2024 Afin received a Banking licence and entered 'Authorisation with Restriction' having been granted Part 4A permissions by the regulators.”
- “Having gained a letter of no objection from the FCA to use the name 'Bank' on 22 October 2024, the Company name was changed from 'All Africa Capital Limited' to 'Afin Bank Limited'.”
- “Since the reporting date, 3,600,000 A ordinary shares were issued at £1 per share (£3.6m) on 21 January 2025 and 2,000,000 A ordinary shares were issued at £1.00 per share (£2.0m) on 21 March 2025 to its parent company WAICA Reinsurance Corporation PLC.”
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
8 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMANKWAH, Samuel | Director | 2022-07-01 | May 1956 | British |
| ARNOLD, Katrina Irene Matilda | Director | 2021-10-01 | Nov 1958 | British |
| EKUNDAYO, Ezekiel Abiola | Director | 2022-07-01 | Jun 1958 | Nigerian |
| HOLMES, Andrew Julian | Director | 2022-07-01 | Sep 1965 | British |
| KENMIR, David | Director | 2024-09-01 | Jun 1963 | British |
| LIOW YUNE LOY, Joseph Jerry | Director | 2022-07-01 | Mar 1969 | British |
| OAKLEY, Jason Sam | Director | 2023-11-01 | May 1967 | British |
| VEITCH, Sally Jane | Director | 2026-02-03 | Apr 1973 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BART-WILLIAMS, Claudius Pythias, Dr | Director | 2020-12-18 | 2022-07-13 |
| ESSOME, Michelle Kathryn | Director | 2021-11-11 | 2022-07-31 |
| EVANS, Huw Alistair | Director | 2021-10-01 | 2025-05-20 |
| SANTENG, Vincent Aning | Director | 2021-04-07 | 2021-09-15 |
| PENNARTH GREENE & COMPANY LIMITED | Corporate Director | 2020-12-18 | 2021-06-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Avenue Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-21 | Ceased 2022-09-05 |
| Dr Claudius Pythias Bart-Williams | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-12-18 | Ceased 2021-10-21 |
| Pennarth Greene & Company Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-12-18 | Ceased 2021-06-10 |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-28 | SH19 | capital | capital statement capital company with date currency figure |
| 2026-02-26 | SH01 | capital | capital allotment shares |
| 2026-02-23 | SH01 | capital | capital allotment shares |
| 2026-02-18 | AP01 | officers | appoint person director company with name date |
| 2026-02-02 | SH20 | capital | legacy |
| 2026-02-02 | SH19 | capital | capital statement capital company with date currency figure |
| 2026-02-02 | CAP-SS | insolvency | legacy |
| 2026-02-02 | RESOLUTIONS | resolution | resolution |
| 2026-01-30 | SH19 | capital | capital statement capital company with date currency figure |
| 2026-01-30 | SH20 | capital | legacy |
| 2026-01-30 | CAP-SS | insolvency | legacy |
| 2026-01-30 | RESOLUTIONS | resolution | resolution |
| 2025-10-28 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-29 | AA | accounts | accounts with accounts type full |
| 2025-07-01 | CH01 | officers | change person director company with change date |
| 2025-07-01 | CH01 | officers | change person director company with change date |
| 2025-07-01 | CH01 | officers | change person director company with change date |
| 2025-07-01 | CH01 | officers | change person director company with change date |
| 2025-07-01 | CH01 | officers | change person director company with change date |
| 2025-07-01 | CH01 | officers | change person director company with change date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
82.5
HOT
/ 100
- Filings velocity 100
- Capital events 100
- Officer churn 50
- Headcount trajectory 100
- Accounts trajectory 50
- 20 filing(s) in last 12 months
- 7 capital event(s) in last 24 months
- 1 appointed, 1 resigned (12mo)
- Employees +125% YoY