Afriaccess Ltd

Afriaccess Ltd, based in London (WC2H 9JQ), is a small, active company founded four years ago. Despite being active, confirmation is overdue by four months, and the company holds just £1,854 in assets. It's a solo operation, with one director and one owner, Mangeni Stewart Lydia, and operates from a real address shared by only a handful of other businesses.

The company’s online marketplace, Afriaccess, focuses on economic empowerment for artisans, selling African art, accessories, and lifestyle products. The website showcases a range of items, from wall mirrors and fans to bags and sisal baskets, emphasizing ethical commerce and supporting African makers. It's clear they're targeting a niche market, highlighting the stories behind the products and the artisans who create them. The site’s design is clean and modern, with a focus on visual appeal and easy navigation—a good sign for an e-commerce business.

Financially, Afriaccess Ltd presents a mixed picture. While the company is small (meeting two of three criteria for a small company), its net assets have fallen by a significant 21% to -£9,600, and cash reserves remain low at just £63. Creditors have also increased by 17% to £11,000, and accrued liabilities are up 35% to £970. Bank borrowings have increased by 16% to £10,000. The lack of employees (zero reported) suggests a lean operation, but the declining equity and rising debts are concerning. As a small company, Afriaccess is exempt from an audit, so the figures are unaudited.

It seems like Afriaccess Ltd is facing some financial headwinds. While the online marketplace appears to be functioning and attracting customers, the company needs to address its declining equity and rising debts to ensure its long-term sustainability.

Registered in England/Wales under the registration number 13025413, with a registered address at WC2H 9JQ, Wc2h 9jq, First Formations 71-75 Shelton Street.

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