Here are details of the company's subsidiaries-
Name - Elephant Healthcare Limited
Address of the registered office - Empress Office Suites, Ring Road, Westlands, P.O. Box 21980 - 00100 - G.P.O. Nairobi, Kenya
Nature of business - Services company
Interest - 100% ordinary shares
Name - Elephant Healthcare Pakistan (Private) Limited
Address of the registered office - 108 Bahadur Yar Jung Coop Society, Amir Khusro Road Karachi, Gulberg Town, Sindh 78400, Pakistan
Nature of business - Services company
Interest - 99.98% ordinary shares
Name - Elephant Healthcare Nigeria Limited
Address of the registered office - 16D, Akin Olugbade Street, Victoria Island, Lagos State, Nigeria
Nature of business - Services company
Interest - 100% ordinary shares
Name - Elephant Healthcare Ghana Limited
Address of the registered office - C/O Egality Law, Mayfair Gardens Estate, P.O. Box CT7825, East Airport, Accra, Ghana
Nature of business - Services company
Interest - 100% ordinary shares
All subsidiaries were owned as at 31st December 2024 by Elephant Healthcare Limited.
The subsidiaries are loss-making and the company has funded them through a combination of ordinary shares, debt and support payments. During the year the total amount advanced to the subsidiaries was £508,287 (31st December 2023: £792,341) and this plus interest accrued in the year was written off for statutory accounts purposes as the timing of a financial return on this investment is uncertain. As at the year end total investments in the subsidiaries and the amounts owed by them to the company were £nil (31st December 2023: £nil).
The company has made unsecured loans to its Nigeria, Kenya, Pakistan and Ghana subsidiaries. As the quantum and date of repayment of these loans is uncertain, the company has written down the value of the loans to £nil at the year end.