Afrahouse Ltd

Afrahouse Ltd, based in London, UK, is a small, active company established 16 years ago in 2008. With just four employees and £23,955 in assets, it’s a solo-founded operation led by a single director and owner, Unadike Chez. The company operates an e-commerce site, Afrahouse African Art, and enjoys a stellar 5.0 Google rating from 11 reviews. It’ll be interesting to see how that translates to sales.

The website showcases a curated collection of African art, offering everything from gallery visits and art leasing to commissions and installations. It seems to be a passion project, with a focus on celebrating the diverse tapestry of African culture. They even have a blog with articles exploring the role of African masks and pottery traditions – a nice touch to build authority. The website also offers a gift card option, which is a good way to encourage repeat business.

Financially, Afrahouse Ltd is showing some concerning trends. While cash reserves increased by 27% to £1,300, current assets decreased by 12% to £24,000. More significantly, net assets plummeted 35% to -£35,000, indicating accumulated losses. Creditors also increased by 10% to £60,000, suggesting a reliance on short-term debt. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the equity decline is a red flag. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It seems like Afrahouse Ltd is facing some financial headwinds, despite its positive online presence and strong customer reviews. Whether it can sustain its passion project and turn a profit remains to be seen—but for now, it’s a testament to the power of art and entrepreneurship.

Registered in England/Wales under the registration number 06718220, with a registered address at SE10 9RN, United Kingdom, London, 2 Haddo Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.