Afrotrade Limited

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afrotrade limited Company Information

Live

EstablishedMicroDeclining

Company Number

06186929

Next Accounts

Dec 2024

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Directors

Emily Esho

Shareholders

emily esho

Group Structure

View All

Contact

Registered Address

46 parham drive, gants hill, ilford, essex, IG2 6NB

Website

www.afrotradegroup.com

afrotrade limited Estimated Valuation

£68.1k

Pomanda estimates the enterprise value of AFROTRADE LIMITED at £68.1k based on a Turnover of £74k and 0.92x industry multiple (adjusted for size and gross margin).

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Afrotrade Limited is a live company located in essex, IG2 6NB with a Companies House number of 06186929. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2007, it's largest shareholder is emily esho with a 100% stake. Afrotrade Limited is a established, micro sized company, Pomanda has estimated its turnover at £74k with declining growth in recent years.

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Pomanda's financial health check has awarded Afrotrade Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £74k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (3.9%)

EXPORT

Afrotrade Limited's latest turnover from March 2023 is estimated at £74 thousand and the company has net assets of -£124 thousand. According to their latest financial statements, Afrotrade Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	74,041	330,688	140,070	582,384	980,527	199,892	192,496	137,342	124,061	0	75,626	0	0	117,423
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	57,197	246,228	103,867	418,230	700,809	135,383	132,141	94,199	86,317	0	53,520	0	0	90,227
Gross Profit	16,844	84,460	36,203	164,154	279,718	64,508	60,355	43,143	37,744	0	22,106	0	0	27,196
Admin Expenses	14,179	82,243	39,857	199,004	318,349	46,246	41,685	20,008	23,845	522	21,373	17,510	23,112	97,177
Operating Profit	2,665	2,217	-3,654	-34,850	-38,631	18,262	18,670	23,135	13,899	-522	733	-17,510	-23,112	-69,981
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	57	166	133	154	75	1	2	1
Pre-Tax Profit	2,665	2,217	-3,654	-34,850	-38,631	18,262	18,726	23,301	14,032	-368	808	-17,509	-23,110	-69,980
Tax	-506	-421	0	0	0	-3,470	-3,745	-4,660	-2,947	0	-194	0	0	0
Profit After Tax	2,159	1,796	-3,654	-34,850	-38,631	14,792	14,981	18,641	11,085	-368	614	-17,509	-23,110	-69,980
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,159	1,796	-3,654	-34,850	-38,631	14,792	14,981	18,641	11,085	-368	614	-17,509	-23,110	-69,980
Employee Costs	72,207	281,297	134,252	137,310	200,912	65,644	63,076	60,699	58,181	0	57,646	0	0	56,300
Number Of Employees	1	4	2	2	3	1	1	1	1	0	1	0	0	1
EBITDA*	2,665	2,217	-3,654	-34,850	-38,631	18,262	18,670	24,191	14,641	101	1,563	-16,736	-22,782	-69,541

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	38,526	38,751	39,138	39,621	40,437	41,253	41,354	3,170	2,226	1,868	2,491	2,322	991	1,321
Intangible Assets	0	0	0	0	0	0	0	0	0	37,000	37,000	37,000	0	0
Investments & Other	0	0	0	0	0	0	0	37,000	37,000	0	0	0	37,000	37,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	759	759	15,090	0	0	0	0
Total Fixed Assets	38,526	38,751	39,138	39,621	40,437	41,253	41,354	40,929	39,985	53,958	39,491	39,322	37,991	38,321
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	9,170	83,691	21,190	289,159	316,755	60,340	58,466	0	0	0	12,540	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	45,243	21,243	31,943	29,744	263	301	301
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,170	83,691	21,190	289,159	316,755	60,340	58,466	45,243	21,243	31,943	42,284	263	301	301
total assets	47,696	122,442	60,328	328,780	357,192	101,593	99,820	86,172	61,228	85,901	81,775	39,585	38,292	38,622
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	97,730	174,635	188,317	268,115	446,677	152,447	165,466	166,797	160,494	0	191,758	0	0	108,600
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	97,730	174,635	188,317	268,115	446,677	152,447	165,466	166,797	160,494	0	191,758	0	0	108,600
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	74,000	74,000	0	185,000	0	0	0	0	0	196,252	0	150,182	131,380	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	74,000	74,000	0	185,000	0	0	0	0	0	196,252	0	150,182	131,380	0
total liabilities	171,730	248,635	188,317	453,115	446,677	152,447	165,466	166,797	160,494	196,252	191,758	150,182	131,380	108,600
net assets	-124,034	-126,193	-127,989	-124,335	-89,485	-50,854	-65,646	-80,625	-99,266	-110,351	-109,983	-110,597	-93,088	-69,978
total shareholders funds	-124,034	-126,193	-127,989	-124,335	-89,485	-50,854	-65,646	-80,625	-99,266	-110,351	-109,983	-110,597	-93,088	-69,978

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,665	2,217	-3,654	-34,850	-38,631	18,262	18,670	23,135	13,899	-522	733	-17,510	-23,112	-69,981
Depreciation	0	0	0	0	0	0	0	1,056	742	623	830	774	330	440
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-506	-421	0	0	0	-3,470	-3,745	-4,660	-2,947	0	-194	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-74,521	62,501	-267,969	-27,596	256,415	1,874	57,707	0	-14,331	2,550	12,540	0	0	0
Creditors	-76,905	-13,682	-79,798	-178,562	294,230	-13,019	-1,331	6,303	160,494	-191,758	191,758	0	-108,600	108,600
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-225	-74,387	184,517	-185,816	-816	-101	-44,113	25,834	186,519	-194,207	180,587	-16,736	-131,382	39,059
Investing Activities
capital expenditure	225	387	483	816	816	101	-38,184	-2,000	35,900	0	-999	-39,105	0	-1,761
Change in Investments	0	0	0	0	0	0	-37,000	0	37,000	0	0	-37,000	0	37,000
cash flow from investments	225	387	483	816	816	101	-1,184	-2,000	-1,100	0	-999	-2,105	0	-38,761
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	74,000	-185,000	185,000	0	0	0	0	-196,252	196,252	-150,182	18,802	131,380	0
share issue	0	0	0	0	0	0	-2	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	57	166	133	154	75	1	2	1
cash flow from financing	0	74,000	-185,000	185,000	0	0	55	166	-196,119	196,406	-150,107	18,803	131,382	3
cash and cash equivalents
cash	0	0	0	0	0	0	-45,243	24,000	-10,700	2,199	29,481	-38	0	301
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-45,243	24,000	-10,700	2,199	29,481	-38	0	301

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for afrotrade limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in IG2 area or any other competitors across 12 key performance metrics.

AFROTRADE LIMITED group structure

Afrotrade Limited has no subsidiary companies.

Ultimate parent company

AFROTRADE LIMITED

06186929

AFROTRADE LIMITED Shareholders

emily esho

100%

Afrotrade Limited currently has 1 director, Ms Emily Esho serving since Dec 2007.

officer	country	age	start	end	role
Ms Emily Esho	England	48 years	Dec 2007	-	Director

P&L

March 2023

turnover

74k

-78%

operating profit

2.7k

gross margin

22.8%

-10.93%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-124k

-0.02%

total assets

47.7k

-0.61%

cash

net assets

Total assets minus all liabilities

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company number

06186929

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

March 2007

ultimate parent company

None

previous names

N/A

address

46 parham drive, gants hill, ilford, essex, IG2 6NB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to afrotrade limited.

afrotrade limited Company Information

afrotrade limited Estimated Valuation

afrotrade limited Estimated Valuation

afrotrade limited Estimated Valuation

Afrotrade Limited Overview

Afrotrade Limited Health Check

AFROTRADE LIMITED financials

afrotrade limited Credit Report and Business Information

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afrotrade limited Ownership

afrotrade limited directors

afrotrade limited company details

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afrotrade limited Companies House Filings - See Documents