Values-driven IT Consulting and Resourcing Company | Akoni Technologies

Akoni Technologies Ltd is an IT consulting and resourcing company based in Reading. Led by a director whose portfolio includes work for IKEA, Shell, and Apple, Akoni has a wealth of experience on its staff. Its scope of work is broad, ranging from workflow solutions to assisting with finding external experts. Akoni prides itself on being values-drive, with their core values of Care, Transparency, Innovation, and Accountability.

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To unlock the full potential of our customers' businesses and bring them the best user experience possible

At Akoni Technologies, we’re passionate about using technology to solve business problems - whether that’s digital solutions to help with workflows or finding a team of experts or individuals to help progress a client’s business. As an IT Consulting and Resourcing Company, we work with our clients to understand their business needs and advise them on ways to efficiently use information technology to meet their objectives and overcome obstacles, thereby making them able to operate in a more efficient and cost-effective way.

We have four core values that form the foundation of our business and the heart of everything we do: Care, Transparency, Innovation and Accountability. We believe that by genuinely caring for our clients, employees, and community, and being transparent throughout our professional journey together, we foster trust, build stronger relationships, and create a supportive environment where everyone can thrive. This commitment to care ensures that we deliver exceptional service and go the extra mile to meet the unique needs of those we work with. Innovation drives us to continuously seek out and implement the latest technological advancements, ensuring that our clients always benefit from cutting-edge solutions. Accountability ensures that we stand by our commitments, take responsibility for our actions, and consistently deliver on our promises, building trust and reliability with every interaction.

I built Akoni from the ground up, leveraging my wealth of experience to ensure that Akoni could provide the best possible solutions to our clients.

Credit commentary:
The director Mahesh Kumar is providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director.The Equifax score and grade, which we use to assess risk, are based on the 2023 accounts. The provided management accounts, while not independently verified, indicate a notable improvement in financial performance. The total EBITDA increased from £85k in 2023 to £117k in 2024, reflecting a substantial enhancement in operational efficiency. This improvement is supported by a 39% increase in turnover over the same period. Consistent and positive cash flow, as evidenced by recent bank statements, further reinforces the company’s liquidity despite the presence of several debts. The average bank balances for May suggest a stable financial buffer. With a DSC ratio of 93.8 and a net gearing of 40%, the company exhibits a moderate level of financial risk. The stable creditor days at 56 days indicate the company’s reliability in meeting its short-term obligations.

Inflation risk:
The company has stated that inflation will not affect its business. Since the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases.

AKONI TECHNOLOGIES

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AKONI TECHNOLOGIES

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