AFIN BANK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
None on the register
Cash
£3M
+224.8% highest in 4 filed years
Net assets
—
Equity attributable
Employees
27
+125% vs 2023
Profit before tax
—
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- AFIN BANK LIMITED 2024-10-22 → present
- ALL AFRICA CAPITAL LIMITED 2020-12-18 → 2024-10-22
Cash
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2026-02-02 RESOLUTIONS Resolution
- 2026-01-30 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 7
- Officers appointed
- 1
- Officers resigned
- 1
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
—
Not reported
-
Cash
+224.8%
£971,678 £3,155,921
highest in 4 filed years
-
Net assets
—
Not reported
-
Employees
+125%
12 27
-
Wages
+249.3%
£960,766 £3,355,591
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers