PAN AFRICA ENTREPRENEURS LIMITED
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Cash
£1.9m
USD 2,568,944
+100.7% highest in 3 filed years
Net assets
£16m
USD 21,448,797
-1.2% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£13m
USD -17,448,523
+43.6% highest in 3 filed years
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,814,413 | £12,206,186 | £11,380,404 | -6.8% | |
| Operating profit | -£6,974,348 | -£3,725,055 | -£1,190,181 | +68% | |
| Profit before tax | -£45,577,865 | -£22,945,063 | -£12,948,811 | +43.6% | |
| Net profit | -£43,987,639 | -£22,321,301 | -£12,354,070 | +44.7% | |
| Cash | £509,119 | £949,769 | £1,906,452 | +100.7% | |
| Total assets less current liabilities | £37,881,426 | £16,112,944 | £15,917,475 | -1.2% | |
| Net assets | £37,881,426 | £16,112,944 | £15,917,475 | -1.2% | |
| Equity | £37,881,426 | £16,112,944 | £15,917,475 | -1.2% | |
| Average employees | 1 | 2 | — | — | |
| Wages | £197,439 | £292,884 | £306,286 | +4.6% | |
| Directors' remuneration | — | £308,587 | £305,541 | -1% | |
| Directors' pension contributions | £10,231 | £16,633 | £15,901 | -4.4% | |
| Highest paid director | £293,708 | £333,296 | £329,161 | -1.2% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -54.4% | -30.5% | -10.5% | |
| Net margin | — | -182.9% | -108.6% | |
| Return on capital employed | -18.4% | -23.1% | -7.5% | |
| Gearing (liabilities / total assets) | 15.4% | 0.0% | 0.0% | |
| Current ratio | 2.97x | 0.39x | 0.98x | |
| Interest cover | -19.50x | -12.33x | -2.55x |
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.
Name history
Renamed 1 time since incorporation
- PAN AFRICA ENTREPRENEURS LIMITED 2015-05-22 → present
- GLORYDRIVE LIMITED 2015-05-11 → 2015-05-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having conducted their review, noting in particular continuing strong demand for the company's products and its significant net current asset position, the directors consider the adoption of the going concern basis in preparing these financial statements to be appropriate.”
Group structure
- PAN AFRICA ENTREPRENEURS LIMITED · parent
- Philip Morris Limited 99.9%
- Philip Morris Tanzania Limited 99.9%
- Philip Morris Manufacturing Senegal S.A.R.L. 100%
Significant events
- “Subsequent to 31 December 2025, the board approved the cancellation of the entire share premium reserve of $104,031,840 in July 2026, which was offset against accumulated losses, resulting in positive distributable reserves.”
- “Subsequent to 31 December 2025, the company's wholly owned subsidiary, Philip Morris Manufacturing Senegal S.A.R.L declared a dividend of $16,881,494 in August 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2015-05-11 | — | — |
| BIBIC, Branislav | Director | 2025-07-07 | Dec 1970 | Croatian |
| BOUAMATOU KHOUNA, Mohamed Hamayenne | Director | 2015-12-10 | Dec 1953 | Mauritanian |
| DOSS, Devraj | Director | 2023-11-30 | Oct 1972 | Indian |
| DUFOURNE, Paul Willem | Director | 2026-07-27 | May 1989 | British |
| INKSTER, Martin William | Director | 2019-09-09 | Oct 1966 | British,Australian |
| LASAKI, Abimbola | Director | 2020-12-17 | Oct 1976 | Nigerian |
| NIXON, Peter | Director | 2024-11-30 | Oct 1974 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALOGUN, Bolaji | Director | 2015-12-10 | 2020-09-11 |
| BAUER, Stefan | Director | 2017-12-14 | 2019-09-09 |
| EZZEDINE, Yasser Moussa | Director | 2015-12-10 | 2023-06-28 |
| FIELDEN, Rosamund Gillian | Director | 2017-08-30 | 2023-11-30 |
| INKSTER, Martin William | Director | 2015-05-22 | 2018-02-14 |
| LEVY, Adrian Joseph Morris | Director | 2015-05-11 | 2015-05-22 |
| MACGREGOR, Mark Christopher | Director | 2018-02-14 | 2020-01-21 |
| MAHE, Claire Marie Louise Georgette | Director | 2015-12-10 | 2022-07-20 |
| MAZOU, Ez-Ei-Din | Director | 2015-05-22 | 2019-03-29 |
| MULLER, Javier | Director | 2019-09-09 | 2023-11-30 |
| MUTTART, Patrick Christopher | Director | 2020-07-09 | 2021-09-30 |
| NDOUR, Christelle Absatou | Director | 2022-07-20 | 2026-07-27 |
| NIXON, Peter Clive | Director | 2017-03-29 | 2020-11-01 |
| PUDGE, David John | Director | 2015-05-11 | 2015-05-22 |
| SAFAKISH, Bahman | Director | 2018-12-14 | 2024-11-30 |
| SALTMER, Ian James | Director | 2015-12-10 | 2018-03-01 |
| WOOLFENDEN, Christian Mark | Director | 2020-12-17 | 2022-07-20 |
| YAZBECK, Roman | Director | 2015-12-10 | 2017-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pan Africa Invest Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 107 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-03 RESOLUTIONS Resolution
- 2026-02-04 RESOLUTIONS Resolution
- 2026-02-04 MA Memorandum articles
- 2026-01-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-08-03 | CH01 | officers | Change person director company with change date | |
| 2026-08-03 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-08-03 | SH20 | capital | Legacy | |
| 2026-08-03 | CAP-SS | insolvency | Legacy | |
| 2026-08-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-26 | CH01 | officers | Change person director company with change date | |
| 2026-02-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-04 | MA | incorporation | Memorandum articles | |
| 2026-01-12 | SH01 | capital | Capital allotment shares | |
| 2026-01-12 | MA | incorporation | Memorandum articles | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.