PHARO FOUNDATION
Operating as a registered charity, the foundation invests in African human and physical capital across education, water, agriculture, and health, while also running social enterprise businesses under the Pharo Ventures brand.
Get an alert when PHARO FOUNDATION files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£26M
USD 34,579,832
-29.9% vs 2024
Net assets
£37M
USD 49,881,017
-23.5% vs 2024
Employees
766
+9% highest in 3 filed years
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,186,108 | £1,641,401 | £1,449,376 | -11.7% | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | £5,609,113 | £23,868,149 | -£10,835,280 | -145.4% | |
| Cash | £18,265,055 | £36,939,567 | £25,886,983 | -29.9% | |
| Total assets less current liabilities | — | £48,954,378 | £37,627,056 | -23.1% | |
| Net assets | £28,243,583 | £48,825,427 | £37,341,681 | -23.5% | |
| Equity | £28,243,216 | £48,825,180 | £37,341,316 | -23.5% | |
| Average employees | 557 | 703 | 766 | +9% | |
| Wages | £5,334,076 | £6,126,138 | £5,919,557 | -3.4% | |
| Directors' remuneration | — | £528,631 | £935,662 | +77% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 3.5% | 6.0% | |
| Current ratio | 10.83x | 24.89x | 12.98x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- PHARO FOUNDATION 2023-04-20 → present
- PHARO FOUNDATION LIMITED 2023-04-11 → 2023-04-20
- THE PHARO FOUNDATION 2011-06-22 → 2023-04-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Trustees are satisfied that there are no material uncertainties that would cast significant doubt on the Foundation's ability to continue as a going concern.”
Group structure
- PHARO FOUNDATION · parent
- Pharo Development Investment Limited ('PDIL') 100%
- Pharo Enterprises Limited ('PEL') 100%
- Pharo Ventures Somaliland Limited ('PVSL') 100%
- Pharo Construction Somaliland LTD (PCSL) 99.9%
- Pharo Real Estate Somaliland 100%
- Pharo Farm LTD Somaliland (PFSL) 100%
- Pharo Integrated Agriculture & Manufacturing PLC Ethiopia (PVET) 99.9%
- Pharo Foundation Farm ('FARM') 100%
- Pharo Ventures Kenya Limited ('PVKL') 100%
- Pharo Ventures Rwanda Ltd ('PVRWL') 100%
Significant events
- “We began production at our sesame seed oil plant in Debre Birhan, Ethiopia, supporting local industry and job creation.”
- “Our ready-mix concrete plant in Hargeisa reached profitability”
- “We opened a new day school in Assosa, Ethiopia, welcoming more than 1,000 learners on its first day.”
- “We broke ground on the Pharo Hargeisa International School”
- “We completed two additional large water reservoirs in Somaliland”
- “Our girls' boarding school in Homosha, Ethiopia, achieved a 100% pass rate in the national high school examinations”
- “The abrupt dismantling of USAID programmes by the Trump administration in 2025 was a stark illustration of how quickly vital support can disappear.”
- “Total investment in water programmes: US$ 1.9 million in Somaliland alone.”
- “Pharo Construction ... generated total revenue of $1,917,388 and a loss before tax of US$ 3,895.”
- “Following the year-end, the acquisition of KenTuna Limited, which was in progress at the year end, was completed in April 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLU, Folorunso Olugbemiga | Director | 2024-12-06 | May 1978 | British,Nigerian |
| BAUMGARTNER, Matthieu Antoine Henry | Director | 2011-06-22 | Jan 1969 | French |
| FONKENELL, Farah | Director | 2011-06-22 | Oct 1965 | British |
| FONKENELL, Guillaume Henri Andre | Director | 2011-06-22 | Aug 1964 | British,French |
| SAGNA, Papa Mbor Nicolas | Director | 2016-06-01 | Dec 1966 | Swiss |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHRISTOPHE, Beauvilain | Director | 2012-01-01 | 2018-11-13 |
| JAMA, Mustafa Ali | Director | 2020-12-21 | 2024-12-31 |
| KAZANDANG, Gulden | Director | 2011-06-22 | 2020-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Guillaume Henri Andre Fonkenell | Individual | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 51 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-20 CERTNM Certificate change of name company
- 2023-04-11 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-06-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-07 | CH01 | officers | Change person director company with change date | |
| 2024-12-23 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | AA | accounts | Accounts with accounts type group | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-04-11 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-10-10 | AA | accounts | Accounts with accounts type group | |
| 2022-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-26 | AA | accounts | Accounts with accounts type group | |
| 2021-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-08 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.