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Afronation Ltd

11814404

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

FIRST FLOOR, LONDON, EC4M 7RD
Incorporated 08/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

90020
Support activities to performing arts

Officers

Mr Adesegun Adebayo Adeosun

director · Since 08/02/2019

EVENT PROMOTER

BRITISH · ENGLAND · Age 41

Also on 2 other boards

Mr Obi Peter Asika

director · Since 08/02/2019

ENTREPRENEUR

BRITISH · ENGLAND · Age 46

Also on 16 other boards

Persons with Significant Control

The Malachite Group Limited

75–100% shares
75–100% votes
Appoint directors

First Floor, 5 Fleet Place, London, EC4M 7RD

Reg: 15140056 · Companies House · Limited By Shares

Notified 25/01/2024

Former PSCs

Event Horizon Entertainment Ltd

Ceased 25/01/2024

Ln-Gaiety Holdings Limited

Ceased 16/09/2024

CompanyRankvs 6653+ SIC 90020 peers
51

Financial strength82th percentile among SIC peers · 21/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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6653Afronation Ltd
47
How is this score calculated?
Financial strength21/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 19/11/2023

Net Worth

£31k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£201k

Current Liabilities

£213k

Fixed Assets

£50k

0avg. employees-3
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.94+£134k
20226.24-£89k
20210.00-£5k
20200.01-£5k
20190.01—

Derived from filed accounts. Not audited figures.