African Konnection Ltd

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african konnection ltd Company Information

Live

EstablishedMidHigh

Company Number

07191833

Website

Registered Address

33 danbury place, humberstone lodge, leicester, LE5 0AZ

Industry

Sale of used cars and light motor vehicles

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Zahid Suleman14 Years

Sabiha Suleman10 Years

Shareholders

zahid suleman 100%

african konnection ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of AFRICAN KONNECTION LTD at £2.1m based on a Turnover of £7.9m and 0.26x industry multiple (adjusted for size and gross margin).

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African Konnection Ltd is a live company located in leicester, LE5 0AZ with a Companies House number of 07191833. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in March 2010, it's largest shareholder is zahid suleman with a 100% stake. African Konnection Ltd is a established, mid sized company, Pomanda has estimated its turnover at £7.9m with high growth in recent years.

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Pomanda's financial health check has awarded African Konnection Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £7.9m, make it larger than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AFRICAN KONNECTION LTD group structure

African Konnection Ltd has no subsidiary companies.

Ultimate parent company

AFRICAN KONNECTION LTD

07191833

AFRICAN KONNECTION LTD Shareholders

zahid suleman

100%

African Konnection Ltd currently has 2 directors. The longest serving directors include Mr Zahid Suleman (Mar 2010) and Miss Sabiha Suleman (Nov 2013).

officer	country	age	start	end	role
Mr Zahid Suleman	United Kingdom	54 years	Mar 2010	-	Director
Miss Sabiha Suleman	Great Britain	47 years	Nov 2013	-	Director

EXPORT

African Konnection Ltd's latest turnover from March 2023 is estimated at £7.9 million and the company has net assets of £168.7 thousand. According to their latest financial statements, African Konnection Ltd has 4 employees and maintains cash reserves of £2.8 thousand 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
Turnover	7,936,836	8,746,445	6,508,796	4,645,466	3,809,530	5,103,642	2,746,228	4,626,177	5,964,231	4,152,519	4,931,981	5,723,317	4,635,446
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,062,061	7,725,073	5,815,559	4,100,310	3,374,595	4,523,512	2,432,011	4,044,158	5,197,900	3,644,323	4,350,002	5,033,945	4,056,335
Gross Profit	874,775	1,021,372	693,237	545,156	434,934	580,130	314,217	582,020	766,331	508,196	581,979	689,372	579,111
Admin Expenses	876,702	1,017,362	595,961	451,789	435,153	537,703	293,100	577,710	805,973	527,415	563,692	670,915	577,404
Operating Profit	-1,927	4,010	97,276	93,367	-219	42,427	21,117	4,310	-39,642	-19,219	18,287	18,457	1,707
Interest Payable	3,758	3,103	1,533	151	167	2,792	2,817	138	0	0	0	0	0
Interest Receivable	99	38	16	19	89	85	39	66	205	158	6	86	83
Pre-Tax Profit	-5,586	946	95,759	93,235	-297	39,720	18,339	4,239	-39,437	-19,061	18,293	18,543	1,790
Tax	0	-180	-18,194	-17,715	0	-7,547	-3,668	-848	0	0	-4,390	-4,821	-501
Profit After Tax	-5,586	766	77,565	75,520	-297	32,173	14,671	3,391	-39,437	-19,061	13,903	13,722	1,289
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,586	766	77,565	75,520	-297	32,173	14,671	3,391	-39,437	-19,061	13,903	13,722	1,289
Employee Costs	127,584	123,202	85,305	144,753	143,558	166,973	110,899	291,787	369,477	279,024	329,404	389,486	340,800
Number Of Employees	4	4	3	5	5	6	4	11	14	11	13	16	14
EBITDA*	-1,532	4,505	97,893	93,675	17	42,577	21,413	4,681	-39,403	-19,017	18,426	18,589	1,794

* 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
Tangible Assets	1,581	1,976	2,471	1,234	942	596	1,187	1,483	956	807	556	528	349
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,581	1,976	2,471	1,234	942	596	1,187	1,483	956	807	556	528	349
Stock & work in progress	34,240	9,500	63,000	13,000	424,650	287,315	350,400	307,150	315,124	219,418	166,113	139,106	125,071
Trade Debtors	756,931	931,351	900,537	552,439	240,748	318,058	111,732	207,109	184,247	111,428	182,374	241,568	148,015
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,721	25,031	20,507	13,153	8,228	14,107	10,351	14,724	0	0	0	0	0
Cash	2,804	1,849	8,326	24,231	13,815	9,845	24,119	6,752	19,681	62,131	1,252	1,283	33,208
misc current assets	938	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	807,634	967,731	992,370	602,823	687,441	629,325	496,602	535,735	519,052	392,977	349,739	381,957	306,294
total assets	809,215	969,707	994,841	604,057	688,383	629,921	497,789	537,218	520,008	393,784	350,295	382,485	306,643
Bank overdraft	0	0	260	0	4,953	0	85,900	4,234	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	221,154	78,590	132,892	12,396	136,704	196,187	106,770	210,075	549,492	383,831	321,281	367,374	305,254
Group/Directors Accounts	0	0	0	0	0	0	284,279	0	0	0	0	0	0
other short term finances	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
other current liabilities	387,675	675,145	638,150	495,687	526,272	412,983	32,262	349,002	0	0	0	0	0
total current liabilities	608,829	753,735	771,302	508,083	667,929	609,170	509,211	563,311	549,492	383,831	321,281	367,374	305,254
loans	31,667	41,667	50,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	31,667	41,667	50,000	0	0	0	0	0	0	0	0	0	0
total liabilities	640,496	795,402	821,302	508,083	667,929	609,170	509,211	563,311	549,492	383,831	321,281	367,374	305,254
net assets	168,719	174,305	173,539	95,974	20,454	20,751	-11,422	-26,093	-29,484	9,953	29,014	15,111	1,389
total shareholders funds	168,719	174,305	173,539	95,974	20,454	20,751	-11,422	-26,093	-29,484	9,953	29,014	15,111	1,389

	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
Operating Activities
Operating Profit	-1,927	4,010	97,276	93,367	-219	42,427	21,117	4,310	-39,642	-19,219	18,287	18,457	1,707
Depreciation	395	495	617	308	236	150	296	371	239	202	139	132	87
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-180	-18,194	-17,715	0	-7,547	-3,668	-848	0	0	-4,390	-4,821	-501
Stock	24,740	-53,500	50,000	-411,650	137,335	-63,085	43,250	-7,974	95,706	53,305	27,007	14,035	125,071
Debtors	-186,730	35,338	355,452	316,616	-83,189	210,082	-99,750	37,586	72,819	-70,946	-59,194	93,553	148,015
Creditors	142,564	-54,302	120,496	-124,308	-59,483	89,417	-103,305	-339,417	165,661	62,550	-46,093	62,120	305,254
Accruals and Deferred Income	-287,470	36,995	142,463	-30,585	113,289	380,721	-316,740	349,002	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	15,552	5,180	-62,794	16,101	-323	358,171	-345,800	-16,194	-42,267	61,174	130	-31,700	33,461
Investing Activities
capital expenditure	0	0	-1,854	-600	-582	441	0	-898	-388	-453	-167	-311	-436
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,854	-600	-582	441	0	-898	-388	-453	-167	-311	-436
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-284,279	284,279	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-8,333	50,000	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-3,659	-3,065	-1,517	-132	-78	-2,707	-2,778	-72	205	158	6	86	83
cash flow from financing	-13,659	-11,398	48,483	-132	-78	-286,986	281,501	-72	205	158	6	86	183
cash and cash equivalents
cash	955	-6,477	-15,905	10,416	3,970	-14,274	17,367	-12,929	-42,450	60,879	-31	-31,925	33,208
overdraft	0	-260	260	-4,953	4,953	-85,900	81,666	4,234	0	0	0	0	0
change in cash	955	-6,217	-16,165	15,369	-983	71,626	-64,299	-17,163	-42,450	60,879	-31	-31,925	33,208

P&L

March 2023

turnover

7.9m

-9%

operating profit

-1.9k

gross margin

11.1%

-5.62%

turnover

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

Balance Sheet

March 2023

net assets

168.7k

-0.03%

total assets

809.2k

-0.17%

cash

2.8k

+0.52%

net assets

Total assets minus all liabilities

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company number

07191833

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

March 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

33 danbury place, humberstone lodge, leicester, LE5 0AZ

last accounts submitted

March 2023

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 african konnection ltd.

african konnection ltd Company Information

african konnection ltd Estimated Valuation

african konnection ltd Estimated Valuation

african konnection ltd Estimated Valuation

African Konnection Ltd AI Business Plan

African Konnection Ltd Overview

African Konnection Ltd Health Check

african konnection ltd Credit Report and Business Information

African Konnection Ltd Competitor Analysis

african konnection ltd Ownership

african konnection ltd directors

AFRICAN KONNECTION LTD financials

african konnection ltd company details

african konnection ltd Charges & Mortgages

african konnection ltd Companies House Filings - See Documents