AFRICA EXPRESS LINE LIMITED

30 TOWER VIEW, KINGS HILL, WEST MALLING, ME19 4UY

Company Number: 04296141
Incorporation date: 01-Oct-2001
Status: Active
Entity type: Private Limited Company

SIC codes:
50200 Sea and coastal freight water transport

SUMMARY

This company is 23.5 years old and is currently active. It is controlled by Mr Robert Fabre. The company has positive equity (net assets) of USD 28.4 million which has increased from USD 25.1 million in the previous year. The latest reported revenue figure is USD 445.8 million which is up 190% on previous year's figure of USD 153.9 million. The company has 4 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2025
Accounts Filed: FULL (31-Dec-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	USD	445,805,700	11,591,923		47,474	217,534	35,331,387
31-Dec-2018	USD	153,918,000	9,845,298	8,571	30,290	25,380	9,798,199
31-Dec-2017	USD	148,133,448	10,563,010	835	13,357	53,298	10,497,190
31-Dec-2016	USD	133,123,850	10,190,477		13,917	20,555	10,156,005
31-Dec-2015	USD	140,367,635	9,813,211	23	11,425	24,643	9,777,166
31-Dec-2014	USD	170,067,766	9,771,136	4	16,974	18,653	9,735,513
31-Dec-2013	USD	171,784,465	8,122,033	36	19,177	44,941	8,057,951
31-Dec-2012	USD	168,726,934	6,490,911	164	13,303	42,164	6,435,608
31-Dec-2011	USD	172,110,195	7,014,065	3,845	7,340	31,369	6,979,201
31-Dec-2010	USD	140,682,510	7,499,846	2,091	24,095	80,280	7,397,562
31-Dec-2009	USD	104,438,326	9,778,147	24,456	78,929	54,088	9,669,586

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	USD	2,020,121		26,401,096		1,508,914	26,872,916	28,381,830
31-Dec-2018	USD	6,949,545		26,837,441	100,935	1,508,914	23,541,559	25,050,473
31-Dec-2017	USD	467,350	22,396,033	33,396,544	1,273,938	1,508,914	21,743,360	23,252,274
31-Dec-2016	USD	1,462,323		24,696,302	1,829,937	1,508,914	21,246,170	22,755,084
31-Dec-2015	USD	1,202,355		32,776,744	2,017,289	1,508,914	22,590,165	24,099,079
31-Dec-2014	USD	2,009,237		27,919,160		1,508,914	21,574,125	23,083,039
31-Dec-2013	USD	1,988,443	55,723,689	34,242,450		1,508,914	20,338,612	21,847,526
31-Dec-2012	USD	857,895	50,527,991	31,309,309		1,508,914	18,280,661	19,789,575
31-Dec-2011	USD	459,690	53,148,217	34,567,556		1,508,914	17,845,053	19,353,967
31-Dec-2010	USD	1,772,065	40,992,124	24,229,830		1,508,914	16,865,852	18,374,766
31-Dec-2009	USD	665,494	39,237,168	13		15	16	15,977,204

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2010	USD	100.00%	1,508,899	15	1,508,914	-464,315

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Resigned	CRIPPS SECRETARIES LIMITED	01 Oct 2001	30 Apr 2021			83 - 339

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Jérôme Marie Nicolas Jean MARTIN DE FREMONT	07 Jun 2019		Vice-President Of Logistics	French	1 - 0	0 (0.0%)
Active	Mathew SHED	13 Dec 2018		Technical Director	British	1 - 0	0 (0.0%)
Resigned	Armando Alfonso LARRAGAN ACUNA	19 Mar 2014	07 Jun 2019	Agronomist	Costa Rican	0 - 1	0 (0.0%)
Resigned	Thomas Dale MCKENZIE	02 Jan 2013	15 Aug 2018	Accountant	British	0 - 1	0 (0.0%)
Active	David Marcelin Gabriel MOREAU	02 Jan 2013		General Manager	French	2 - 0	0 (0.0%)
Resigned	Robert Michael MANT	02 Jan 2013	02 Aug 2013	Company Director	British	0 - 1	0 (0.0%)
Resigned	Michael John KINGSTON	04 Mar 2008	30 Sep 2009	Finance Director	British	0 - 9	5 (55.6%)
Resigned	Christopher Van Cleef, Mr. LARKIN	20 Dec 2007	18 Jun 2014	Shipping Manager	British	0 - 4	0 (0.0%)
Resigned	Nigel Robert LAW	18 Dec 2006	02 Jan 2013	Director	British	0 - 3	0 (0.0%)
Resigned	Jan Baptist VAN OPSTAL	06 Jun 2005	15 Dec 2021	Managing Director	French	0 - 2	0 (0.0%)
Resigned	Charles FABRE	05 Sep 2002	01 Feb 2006	Charge Daffaires	French	0 - 1	0 (0.0%)
Resigned	Jan VAN OPSTAL	24 Jun 2002	05 Sep 2002	Financial Manager	French	0 - 1	0 (0.0%)
Resigned	Christopher Van Cleef, Mr. LARKIN	28 Nov 2001	31 Mar 2005	Managing Director	British	0 - 4	0 (0.0%)
Resigned	Pierre Michel ARNAUD	28 Nov 2001	16 Dec 2001	Vice President	French	0 - 2	0 (0.0%)
Active	Frederick Jean Philippe FABRE	28 Nov 2001		Logistics Manager	French	1 - 0	0 (0.0%)
Resigned	SOCIETE DES PLANTATIONS DU HAUT PENJA	17 Oct 2001	20 Jun 2002			0 - 1	0 (0.0%)
Resigned	SOCIETE D'ETUDE ET DE DEVELOPPEMENT DE LA CULTURE BANANIERE	17 Oct 2001	19 Jun 2002			0 - 1	0 (0.0%)
Resigned	C.H.H. FORMATIONS LIMITED	01 Oct 2001	17 Oct 2001			0 - 54	11 (20.4%)

Number of active directors: 4
Average tenure of active directors: 11.9 years
Average tenure of resigned directors: 3.6 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Jérôme Marie Nicolas Jean MARTIN DE FREMONT	Mathew SHED	David Marcelin Gabriel MOREAU	Frederick Jean Philippe FABRE
CF DISTRIBUTION UK LIMITED (02651523) - Active			✔
AFRICA EXPRESS LINE LIMITED (04296141) - Active	✔	✔	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2015-10-01	2014-10-01	2013-10-01	2012-10-01	2011-10-01
COMPAGNIE FINANCIERE DE PARTICIPATION	ORDINARY	10,000 100%	10,000 100%	10,000 100%	10,000 100%	10,000 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

50%-75%:Mr Robert Fabre - active

Controlling entities above

AFRICA EXPRESS LINE LIMITED

no controlled companies

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2024-07-01	2024-12-31	18	1%	29%	93106
2024-01-01	2024-06-30	18	3%	17%	85384
2023-07-01	2023-12-31	17	1%	23%	78788
2023-01-01	2023-06-30	20	2%	26%	74375
2022-07-01	2022-12-31	19	3%	28%	66514
2022-01-01	2022-06-30	17	2%	29%	61556
2021-07-01	2021-12-31	19	3%	30%	56516
2021-01-01	2021-06-30	17	4%	20%	49236
2020-07-01	2020-12-31	18	1%	18%	39756
2020-01-01	2020-06-30	17	3%	23%	35732
2019-07-01	2019-12-31		%	%	28560
2019-07-01	2019-12-31	13	1%	19%	28572
2019-01-01	2019-06-30	18	2%	23%	20835
2018-07-01	2018-12-31	16	2%	27%	13058
2018-01-01	2018-06-30	18	1%	31%	2317

COURT CASES

Date	Title	Reference	Subject
2009-12-11	Africa Express Line Ltd ("Ael") v Socofi SA ("Socofi") & Anor	[2009] EWHC 3223 (Comm)
2009-12-11	Africa Express Line Ltd ("Ael") v Socofi SA ("Socofi") & Anor	[2009] EWHC 3223 (Comm)

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 50200 Sea and coastal freight water transport)

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LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
AFRICA EXPRESS LINE LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	1.0%	2.3%	6.7%	Medium


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium