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Finafrik Ltd

12992524

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

156A BURNT OAK BROADWAY, LONDON, HA8 0AX
Incorporated 03/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Jerry Njinyam Cheambe

director · Since 03/11/2020

IT CONSULTANT

GERMAN · UNITED KINGDOM · Age 48

Ms Olufunmilayo Itinuola Dele-Giwa

director · Since 04/08/2021

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 2 other boards

Persons with Significant Control

Mfs Africa Frontiers Limited

25–50% shares
25–50% votes

51 Eastcheap, Eastcheap, London, EC3M 1JP

Reg: 13223895 · Companies House Crownway Cardiff · Private Limited Company

Notified 09/04/2021

Former PSCs

Mr Michael Flach

Ceased 23/05/2025

Mr Jerry Njinyam Cheambe

Ceased 23/05/2025

CompanyRankvs 5501+ SIC 62012 peers
77

Financial strength98th percentile among SIC peers · 25/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.76× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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5501Finafrik Ltd
76
How is this score calculated?
Financial strength25/25 pts

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

Employees11/15 pts

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

Liquidity20/20 pts

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

Longevity6/15 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 31/12/2024

Net Worth

£2.2M

Balance sheet strength

Cash

£76k

Cash in the bank

Net Current Assets

£105k

Working capital

Current Assets

£164k

Current Liabilities

£60k

Fixed Assets

£2.1M

Debtors

£89k

2avg. employees

Director Loans

Company owes directors£13

Balance Sheet

Intangible assets£797k
Assets less current liabilities£2.2M
Signed by Mr Jerry Cheambe 15 July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.76+£62k
20234.45+£15k
202118.80—

Derived from filed accounts. Not audited figures.