FUSION FINANCIAL LTD

Active
Company number 11600565Private limited companyIncorporated 2018

Key figures

−£267,502-347.2%
Net assets 2021/22
-300 k-200 k-100 k02020/212021/22

FUSION FINANCIAL LTD does not disclose its turnover in its latest accounts; the profit for the year is as stated in the accounts.

Ratios

2021/22

Sector comparison

SIC 64999

Where the company stands among the 29,051 active companies whose first SIC code is 64999 (Financial intermediation not elsewhere classified).

Company age8.1 years
Younger than 53% · median 8.8 years
Largest in this sector by net assets
  1. 3I GROUP PLC£30.9bn
  2. VR FINANCE COMPANY£7.2bn
  3. F&C INVESTMENT TRUST PLC£6.2bn
  4. B.A.T. INTERNATIONAL FINANCE P.L.C.£5.9bn
  5. BARCLAYS ALDERSGATE INVESTMENTS LIMITED£3.6bn
  6. BARCLAYS INVESTMENT MANAGEMENT LIMITED£3.3bn
  7. GLQ HOLDINGS (UK) LTD£2.9bn
  8. ICG PLC£2.7bn
  9. ICG GLOBAL INVESTMENT UK LIMITED£2.6bn
  10. HGCAPITAL TRUST PLC£2.6bn

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant. The line on each bar marks the median.

Summary: FUSION FINANCIAL LTD

What kind of company is it?

FUSION FINANCIAL LTD is a private limited company registered with Companies House under company number 11600565. It was incorporated on 2 Oct 2018. Its status is active. The registered office is in London (N3). Its nature of business (SIC 2007) is financial intermediation not elsewhere classified (64999).

How is the company doing financially?

The latest accounts in the database are for 2021/22 (period ending 31 Mar 2022); the company files small company accounts (filleted). Loss for the year was £207,681. Net assets were −£267,502, down 347.2% on the previous year. Cash at bank and in hand was £1,185. Total assets were £82,474 and total liabilities £349,976. The company had an average of 2 employees. Figures are available for 2 financial years (2020/21–2021/22).

How does it compare with similar companies?

Compared with 29,051 active companies whose first SIC code is 64999: It is younger than 53% of them (median age 8.8 years).

Who runs and controls the company?

One person with significant control is registered. 2 of 3 registered charges are outstanding.

When are its next filings due?

The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 31 Mar 2027.

Filed accounts2020/21–2021/22
2020/212021/22
Profit for the year-59,921-207,681
Cash at bank and in hand27,5001,185
Total assets34,17482,474
Total liabilities93,995349,976
Net assets / total equity-59,821-267,502
Average number of employees22

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

History

10 events
  1. Financial year endedAccounts filed at Companies House
  2. Financial year 2021/22 endedAccounts: net assets −£267.5k, 2 employees
  3. Financial year 2020/21 endedAccounts: net assets −£59.8k, 2 employees
  4. Fusion Holdco Limited registered as a person with significant control
  5. Mr Adam Daniel Maurice ceased to be a person with significant control
  6. Mr Mitch Young ceased to be a person with significant control
  7. Name changed to FUSION FINANCIAL LTDPreviously GLOBAL WEALTH SERVICES LIMITED
  8. Mr Adam Daniel Maurice registered as a person with significant control
Earlier events (2)
  1. Mr Mitch Young registered as a person with significant control
  2. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.