First Light Fusion Limited
07555858
Healthy
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/03/2011
DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 9 other boards
director · Since 08/01/2015
MANAGEMENT ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 52
director · Since 17/04/2026
BRITISH · ENGLAND · Age 46
Also on 2 other boards
Persons with Significant Control
Ip2ipo Portfolio (Gp) Limited
2nd Floor, 3 Pancras Square, London, N1C 4AG
Reg: 10360684 · Companies House England And Wales · Uk Limited Company
Notified 23/06/2017
Former PSCs
Ip2ipo Limited
Ceased 23/06/2017
Charges0 outstanding
IP2IPO PORTFOLIO (GP) LIMITED, ACTING IN ITS CAPACITY AS GENERAL PARTNER OF IP2IPO PORTFOLIO L.
CompanyRankvs 6530+ SIC 72190 peers72
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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
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 We draw attention to Note 1.2 in the financial statements, which indicates that the company needs to secure additional funding within 12 months from the date of approval of the financial
Key FinancialsYear ending 31/03/2025
Net Worth
£5.1M
Balance sheet strength
Cash
£9.9M
Cash in the bank
Profit Before Tax
-£15.5M
Bottom line earnings
Net Current Assets
£3.6M
Working capital
Current Assets
£14.3M
Current Liabilities
£10.7M
Fixed Assets
£2.2M
Debtors
£891k
Admin Expenses
£15.7M
Profit After Tax
-£13.4M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 1.33 |
Derived from filed accounts. Not audited figures.