AFAS THE CORE LIMITED - Profile & Financials

Accounts Submitted 18 Dec 2024

Confirmation Statement Submitted 24 Jul 2025

Net assets £10.53M £381.14K 2023 year on year

Total assets £24.68M £1.20M 2023 year on year

Total Liabilities £13.93M £1.03M 2023 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

Fusion Studio The Green Letchmore Heath Watford WD25 8ER England

Website

afas.com

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2022–2023)

Cash in Bank

£153.59k

Decreased by £2.36M (-94%)

Net Assets

£10.53M

Decreased by £381.14k (-3%)

Total Liabilities

£13.93M

Decreased by £1.03M (-7%)

Turnover

N/A

Employees

Debt Ratio

56%

Decreased by 2 (-3%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

3 active 3 resigned

Show resigned officers

						Status
Daniel Edward Green	Director	British	England	34	27 Oct 2022	Active
James Michael Wynne-griffith	Director	British	England	33	25 Sept 2025	Active
Samuel Joseph Castle	Director	British	United Kingdom	35	28 Jul 2021	Active

Shareholders

Shareholders (2)


Afas Debtco Limited	100.0%	15,867,977	Ordinary Shares Of 0.01 Each	11 Oct 2022
Matthias Wilhelm Gradischnig	0.0%	0	Ordinary	11 Oct 2022

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Afas Debtco Limited

United Kingdom

Active

Notified 12 Jul 2021

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Matthias Wilhelm Gradischnig

Ceased 12 Jul 2021

Ceased

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Group Structure

AFAS DEBTCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

AFAS MIDCO LIMITED united kingdom shares 75 to 100 percent as firm, voting rights 75 to 100 percent as firm, appoint/remove directors as firm, significant influence or control

ALCHEMY SPECIAL OPPORTUNITIES LLP united kingdom

AFAS THE CORE LIMITED Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
29 Sept 2025	Officers	Appointment of James Michael Wynne-Griffith as director on 2025-09-25	View(2 pages)
29 Sept 2025	Officers	Termination of Matthias Wilhelm Gradischnig as director on 2025-09-25	View(1 page)
24 Jul 2025	Confirmation Statement	Confirmation statement made on 2025-07-11 with updates	View(4 pages)
18 Dec 2024	Accounts	Annual accounts made up to 2023-12-31	View(11 pages)
5 Aug 2024	Confirmation Statement	Confirmation statement made on 2024-07-11 with no updates	View(3 pages)