FUSION PRACTICES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-28 (in 2mo)
Last made up 2025-07-14
Watchouts
None on the register
Cash
£9M
+18.4% highest in 6 filed years
Net assets
£13M
+18.8% highest in 6 filed years
Employees
182
+25.5% highest in 6 filed years
Profit before tax
£3M
-4.9% vs 2023
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,262,014 | £10,957,878 | |
| Operating profit | — | — | — | — | £3,131,890 | £2,916,788 | |
| Profit before tax | — | — | — | — | £3,182,518 | £3,025,135 | |
| Net profit | — | — | — | — | £2,711,622 | £2,267,689 | |
| Cash | £1,952,352 | £4,265,013 | £5,461,154 | £8,074,297 | £7,519,113 | £8,899,850 | |
| Total assets less current liabilities | — | — | — | — | £11,110,768 | £13,208,047 | |
| Net assets | £1,808,897 | £3,504,497 | £5,120,234 | £8,399,372 | £11,000,087 | £13,068,461 | |
| Equity | £1,808,897 | £3,504,497 | £5,120,234 | — | £11,000,087 | £13,068,461 | |
| Average employees | 16 | 25 | 34 | 31 | 145 | 182 | |
| Wages | — | — | — | — | £3,970,080 | £4,442,354 | |
| Directors' remuneration | — | — | — | — | £182,225 | £168,025 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-2.7%
£11,262,014 £10,957,878
-
Cash
+18.4%
£7,519,113 £8,899,850
highest in 6 filed years
-
Net assets
+18.8%
£11,000,087 £13,068,461
highest in 6 filed years
-
Employees
+25.5%
145 182
highest in 6 filed years
-
Operating profit
-6.9%
£3,131,890 £2,916,788
-
Profit before tax
-4.9%
£3,182,518 £3,025,135
-
Wages
+11.9%
£3,970,080 £4,442,354
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 27.8% | 26.6% | |
| Net margin | — | — | — | — | 24.1% | 20.7% | |
| Return on capital employed | — | — | — | — | 28.2% | 22.1% | |
| Current ratio | — | — | — | — | 5.46x | 9.03x | |
| Interest cover | — | — | — | — | 23548.05x | 1821.85x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ashon Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the projections for the forthcoming 12 month period from the date of signing of these financial statements and based on the level of existing cash, projected income and expenditure, the Directors are satisfied that the Company and the Group have adequate resources to continue for a period of at least 12 months from the date of signing of these financial statements, as a result the Directors consider it appropriate for the financial statements to be prepared on a going concern basis.”
Group structure
- FUSION PRACTICES LTD · parent
- Fusion Practices Technologies Private Limited 100%
- Fusion Practices Inc 100%
Significant events
- “On 1st April 2025 the company finally completed the transfer of the Freehold Building situated at 24 St John Street to the ultimate parent entity at cost.”
- “On 1st January 2025 the redeemable ordinary shares in Fusion Practices Inc were redeemed bringing the company back to full ownership by Fusion Practices Limited. Prior to the redemption we owned 75% of the company.”
- “In September 2025, the Research and Development claim for expenditure made in 2023 was agreed by HMRC resulting in a refund of corporation tax of £311k.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAIN, Mukesh | Director | 2020-02-01 | Sep 1978 | Indian |
| PASSI, Anil | Director | 2009-12-12 | Sep 1974 | British |
| PASSI, Anjali | Director | 2016-10-07 | Jun 1974 | British |
| SRIDHARAN, Goutham | Director | 2026-04-01 | Jan 1986 | Indian |
| TURNER, Ian Andrew | Director | 2021-01-18 | Jul 1958 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PASSI, Anjali | Secretary | 2015-05-01 | 2016-10-07 |
| MCGOWAN, Ian Alexander | Director | 2021-01-18 | 2024-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fusion Practices Holdings Ltd | Corporate entity | Shares 75–100% | 2024-03-08 | Active |
| Mrs Anjali Passi | Individual | Shares 25–50%, Voting 25–50% | 2023-03-01 | Ceased 2024-03-08 |
| Mr Anil Passi | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2024-03-08 |
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-03 | CH01 | officers | Change person director company with change date | |
| 2026-02-03 | CH01 | officers | Change person director company with change date | |
| 2026-01-22 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2025-12-11 | AA | accounts | Accounts with accounts type group | |
| 2025-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-03 | CH01 | officers | Change person director company with change date | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-15 | SH01 | capital | Capital allotment shares | |
| 2023-07-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.