KOFISI HOSPITALITY GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.4 in the financial statements, which indicates that the group's total liabilities exceeded its total assets by $7.2m. As stated in note 2.4, these events or conditions, along with the other matters as set forth in note 2.4, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +24.5%

  £6,165,978 → £7,677,560

• Cash

  +14%

  £942,388 → £1,074,357

  highest in 6 filed years

• Net assets

  -2.3%

  -£5,279,588 → -£5,401,701

• Employees

  +21.9%

  105 → 128

  highest in 6 filed years

• Operating profit

  -117.4%

  £12,377,752 → -£2,157,736

• Profit before tax

  -120%

  £12,260,681 → -£2,450,540

  lowest in 3 filed years

• Wages

  +107.8%

  £814,183 → £1,691,834

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. KOFISI HOSPITALITY GROUP LIMITED 2023-07-12 → present
2. SUNBIRD BUSINESS SERVICES AFRICA LIMITED 2017-10-17 → 2023-07-12
3. ESBC PROPERTY SERVICES LIMITED 2014-07-02 → 2017-10-17

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Barnes Roffe Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.4 in the financial statements, which indicates that the group's total liabilities exceeded its total assets by $7.2m. As stated in note 2.4, these events or conditions, along with the other matters as set forth in note 2.4, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern.”

Group structure

1. KOFISI HOSPITALITY GROUP LIMITED · parent
   1. Sunbird Business Services Botswana Ltd 100% · Botswana · Dormant
   2. Sunbird Business Services Tanzania Ltd 100% · Tanzania · Property services
   3. Sunbird Business Services Kenya Ltd 100% · Kenya · Property services
   4. Big Bird Holding Tanzania Ltd 100% · Tanzania · Dormant
   5. Sunbird Support Services Kenya Ltd 100% · Kenya · Property services
   6. Sunbird Support Services (Pty) Ltd 100% · South Africa · Facilities management
   7. Sunbird Business Services South Africa (Pty) Ltd 100% · South Africa · Property Services
   8. Sunbird Business Services Nigeria Ltd 100% · Nigeria · Property Services
   9. Kofisi Rwanda Limited 100% · Rwanda · Dormant

Significant events

• “Over $11m capital raised in 2025 for project finance to be applied across new sites.”
• “A new lease was signed for a 56,800 sqft space in Nairobi (Kaskazi) with an option for a further 28,500 sqft with the first phase of the Centre open to clients in November 2025”
• “Closure of 2 smaller sites in Kenya: Karen (10,000 sqft) in September 2025 and Landmark (12,000 sqft) executed in December 2025. This is to allow the company focus on larger spaces where the client experience can be enhanced by a mixture of community spaces, investments in hotelifications of service and larger economies of scale.”
• “A new lease was signed in Kigali for 70,000 sqft with Kigali Innovation City Rwanda.”
• “A new lease was signed in December 2025 for Dubai for a 100,000 sqft location in Dubai Expo city.”
• “A pipeline of new locations continues to grow growth into the GCC with new locations in Dubai, Abu Dhabi and Saudi Arabia, as well in Africa with locations in Egypt and two further locations in Morrocco.”
• “Subsequent to the year end, the Group raised $10.5m in respect of a project finance facility, structured as an interest paid, amortising loan note and secured against the development of KOFISI Kaskazi.”
• “Subsequent to the year end, the Company issued further share capital taking the current share capital to 156,939,246 Ordinary A Shares, further details can be found at Companies House.”
• “Further operational matters which have been undertaken subsequent to the year end have been detailed within the group strategic report.”
• “In 2025 KOFISI also saw important leadership developments, including the appointment of Pauline Siteyi as the new Head of Talent replacing Liz Robertson in October 2025. Further the company engaged Peter Overy as its Chief Experience Officer in Q4 2025. The Group is in final proposal for its new Chief Operating Officer to start in 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

10

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.