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Fusion Welding And Fabrication Limited

04608759

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

2 SCHOOL CLOSE, LYMINGTON, SO41 8FZ
Incorporated 04/12/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Roger Alan Figgures

director · Since 04/12/2002

DIRECTOR

BRITISH · ENGLAND · Age 63

Mrs Julia Figgures

secretary · Since 01/03/2018

Persons with Significant Control

Mr Roger Alan Figgures

50–75% shares
50–75% votes

British · England · Age 63

2, School Close, Lymington, SO41 8FZ

Notified 09/10/2025

Former PSCs

Mr Roger Alan Figgures

Ceased 09/10/2025

Mrs Julia Figgures

Ceased 10/10/2025

Charges3 outstanding

charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/08/2004Registered 08/09/2004
charge
outstanding

UBS GLOBAL ASSET MANAGEMENT (UK) LTD

Created 18/08/2004Registered 02/09/2004
charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 07/06/2004Registered 11/06/2004

CompanyRankvs 1336+ SIC 25620 peers
49

Financial strength57th percentile among SIC peers · 14/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength14/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£119k

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

£87k

Current Liabilities

£93k

Fixed Assets

£129k

Debtors

£49k

4avg. employees

Balance Sheet

Assets less current liabilities£123k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.94+£24k
20230.46-£37k
20211.35

Derived from filed accounts. Not audited figures.