AFRICA RESEARCH EXCELLENCE FUND
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
None on the register
Cash
£2M
+9.2% vs 2024
Net assets
£5M
-20.4% vs 2024
Employees
17
+41.7% vs 2024
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £41,000 | £8,000 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | £3,405,000 | -£1,293,000 | |
| Cash | £1,995,000 | £2,178,000 | |
| Total assets less current liabilities | £6,826,000 | £5,350,000 | |
| Net assets | £6,323,000 | £5,030,000 | |
| Equity | £6,323,000 | £5,030,000 | |
| Average employees | 12 | 17 | |
| Wages | £220,000 | £156,000 | |
| Directors' remuneration | £122,000 | £68,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-80.5%
£41,000 £8,000
-
Cash
+9.2%
£1,995,000 £2,178,000
-
Net assets
-20.4%
£6,323,000 £5,030,000
-
Employees
+41.7%
12 17
-
Wages
-29.1%
£220,000 £156,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 8304.9% | -16162.5% | |
| Gearing (liabilities / total assets) | 25.9% | 37.0% | |
| Current ratio | -5.02x | -3.03x |
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. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Trustees consider it appropriate to adopt the going concern basis in preparing the financial statements. Cash balances are healthy and there are net assets on the balance sheet of £5m. AREF has sufficient assets to meet its liabilities as they fall due.”
Significant events
- “In 2025, AREF celebrates ten years of nurturing health research talent. In February 2025, AREF held the Opening Ceremony for its 10th Anniversary to which it welcomed over 90 individuals and representatives from The Gambian government, for profit and non-profitable organisations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARKE, Charles Richardson Ladipo | Director | 2025-01-02 | Aug 1977 | British |
| CORRAH, Tumani Prince, Professor Sir | Director | 2024-02-24 | Dec 1948 | British |
| DELEW, Russell | Director | 2022-06-01 | Jul 1966 | British |
| FAAL, Gibril, Professor | Director | 2025-01-06 | Oct 1967 | British,Gambian |
| MULLIN, Pauline Anne | Director | 2021-03-31 | Jun 1963 | British |
| OSMAN, Majdi | Director | 2021-03-31 | Jan 1986 | British |
| SOQUAR, Solomon Woldenhaimanot | Director | 2021-03-31 | Jun 1965 | British,Eritrean |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BECK, Jonathan | Director | 2022-04-01 | 2022-12-31 |
| CORRAH, Tumani Prince, Professor Sir | Director | 2022-06-04 | 2023-04-01 |
| HIND, Angela Marie, Dr | Director | 2023-05-01 | 2023-12-14 |
| HIND, Angela Marie, Dr | Director | 2021-02-23 | 2022-11-10 |
| KAKKAR, Ratnabali | Director | 2021-03-31 | 2024-10-23 |
| LACKMANN, Richard Anton | Director | 2021-02-23 | 2022-03-31 |
| LEMOINE, Nicholas Robert, Professor | Director | 2021-02-23 | 2023-12-31 |
| MGONE, Charles Stephen, Professor | Director | 2021-02-23 | 2021-06-04 |
| OSIER, Faith Hope Amongin, Professor | Director | 2022-06-01 | 2024-03-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Medical Research Foundation | Corporate entity | Voting 75–100%, Appoints directors | 2021-02-23 | Ceased 2022-12-31 |
Filing timeline
Last 20 of 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-11 | CH01 | officers | Change person director company with change date | |
| 2026-03-17 | CH01 | officers | Change person director company with change date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-14 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.