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Fusion Practices Ltd

07103004

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

24 ST. JOHN STREET, LONDON, EC1M 4AY
Incorporated 12/12/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Anil Passi

director · Since 12/12/2009

CONSULTANT

BRITISH · ENGLAND · Age 51

Also on 3 other boards

Ms Anjali Passi

director · Since 07/10/2016

DIRECTOR

BRITISH · ENGLAND · Age 52

Mr Mukesh Jain

director · Since 01/02/2020

HEAD OF DELIVERY

INDIAN · ENGLAND · Age 47

Mr Ian Andrew Turner

director · Since 18/01/2021

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 67

Also on 2 other boards

Mr Goutham Sridharan

director · Since 01/04/2026

INDIAN · ENGLAND · Age 40

Persons with Significant Control

Fusion Practices Holdings Ltd

75–100% shares

24, St. John Street, London, EC1M 4AY

Reg: 15369108 · England And Wales · Private Limited Company

Notified 08/03/2024

Former PSCs

Mr Anil Passi

Ceased 08/03/2024

Mrs Anjali Passi

Ceased 08/03/2024

CompanyRankvs 201+ SIC 62012 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 9× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going c

Key FinancialsYear ending 31/12/2024

Net Worth

£13.0M

Balance sheet strength

Cash

£8.8M

Cash in the bank

Net Current Assets

£9.4M

Working capital

Current Assets

£10.6M

Current Liabilities

£1.2M

Fixed Assets

£3.6M

Debtors

£1.7M

Profit After Tax

£2.2M

31avg. employees

Tax at Year End

Corp tax£260k

Balance Sheet

Assets less current liabilities£13.0M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20249.00+£2.2M
20235.33+£2.3M
20226.68+£3.3M
20214.84+£1.6M
20203.34+£1.7M
20193.37+£519k
20185.38—

Derived from filed accounts. Not audited figures.