Fuse Universal Limited
06636622
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 23/05/2026
Due 06/06/2027
Industry
Officers
director · Since 02/07/2008
E LEARNING TRAINER
BRITISH · ENGLAND · Age 57
director · Since 25/06/2015
OPERATING PARTNER PRIVATE EQUITY
AMERICAN · SPAIN · Age 73
director · Since 16/06/2025
FINANCIAL SERVICES EXECUTIVE
FRENCH · PORTUGAL · Age 60
Persons with Significant Control
Mr Steven Paul Dineen
British · England · Age 57
Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN
Notified 06/04/2016
Insolvency History1 case
Eric Walls (practitioner)
CompanyRankvs 17847+ SIC 85590 peers27
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Ba
Key FinancialsYear ending 31/12/2024
Turnover
£7.5M
Annual revenue
Net Worth
-£2.8M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
-£841k
Bottom line earnings
Net Current Assets
-£6.6M
Working capital
Current Assets
£2.4M
Current Liabilities
£9.0M
Fixed Assets
£3.8M
Debtors
£1.2M
Cost of Sales
£1.3M
Gross Profit
£6.3M
Admin Expenses
£7.0M
Operating Profit
-£708k
Profit After Tax
-£315k
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.26 |
Derived from filed accounts. Not audited figures.