Fusion Plastics Limited
03563739
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/04/2017
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 2 other boards
director · Since 08/02/2018
TECHNICAL DIRECTOR
DANISH · DENMARK · Age 57
Also on 2 other boards
director · Since 29/11/2021
MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 60
Also on 2 other boards
Persons with Significant Control
Fusion Group Ltd
Fusion House, Smeckley Wood Close, Chesterfield, S41 9PZ
Reg: 3563691 · Uk · Limited Company
Notified 07/04/2017
Charges2 outstanding
BRITISH ARAB COMMERCIAL BANK PLC
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
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NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 37+ SIC 20160 peers59
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease opera
Key FinancialsYear ending 30/09/2023
Turnover
£7.9M
Annual revenue
Net Worth
£2.5M
Balance sheet strength
Cash
£424k
Cash in the bank
Profit Before Tax
-£600k
Bottom line earnings
Net Current Assets
£895k
Working capital
Current Assets
£12.3M
Current Liabilities
£11.4M
Fixed Assets
£1.7M
Debtors
£10.6M
Cost of Sales
£5.3M
Gross Profit
£2.6M
Admin Expenses
£3.1M
Operating Profit
-£548k
Profit After Tax
-£770k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 1.08 |
Derived from filed accounts. Not audited figures.