UK FUSION ENERGY LTD
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Cash
£12k
Latest balance sheet
Net assets
£17m
Equity attributable
Employees
190
Average over period
Profit before tax
-£81k
Period ending 2026-03-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £35,369,000 | £106,629,000 | — | |
| Operating profit | -£3,000 | -£81,000 | — | |
| Profit before tax | -£3,000 | -£81,000 | — | |
| Net profit | £1,035,000 | £2,448,000 | — | |
| Cash | £12,000 | £12,000 | — | |
| Total assets less current liabilities | £1,643,000 | £29,860,000 | — | |
| Net assets | £1,643,000 | £16,921,000 | — | |
| Equity | £1,643,000 | £16,921,000 | — | |
| Average employees | 124 | 190 | — | |
| Wages | £3,189,000 | £9,593,000 | — | |
| Directors' remuneration | £225,000 | £444,000 | — | |
| Directors' pension contributions | £29,000 | £71,000 | — | |
| Highest paid director | £105,000 | £290,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 5 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Operating margin | -0.0% | -0.1% | |
| Net margin | 2.9% | 2.3% | |
| Return on capital employed | -0.2% | -0.3% | |
| Gearing (liabilities / total assets) | 79.8% | 65.8% | |
| Current ratio | 1.00x | 0.84x |
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.
Name history
Renamed 1 time since incorporation
- UK FUSION ENERGY LTD 2026-03-12 → present
- UK INDUSTRIAL FUSION SOLUTIONS LTD 2023-01-27 → 2026-03-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Comptroller and Auditor General
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Company's parent is UKAEA, who is largely dependent on funding from the Department of Energy, Security and Net Zero (DESNZ) to meet liabilities falling in future years.”
Significant events
- “UK Fusion Energy Ltd changed company name on 12th March 2026, from UK Industrial Fusion Solutions Ltd to UK Fusion Energy Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Glen | Secretary | 2026-03-26 | — | — |
| BARDIN, Luc | Director | 2024-09-26 | Mar 1957 | British |
| BESTWICK, Timothy David, Dr | Director | 2025-08-01 | Mar 1962 | British |
| CAPPER, David Richard | Director | 2026-06-24 | Feb 1976 | British |
| CHAPMAN, Ian T | Director | 2023-01-27 | May 1982 | British |
| GANN, David Michael, Professor | Director | 2024-09-26 | Sep 1960 | British |
| KAZMIERSKA, Grazyna Barbara | Director | 2024-07-17 | Sep 1980 | British |
| METHVEN, Paul | Director | 2024-07-17 | Apr 1969 | British |
| NERNEY, Julie Claire | Director | 2024-09-26 | Nov 1971 | British |
| POURTEYMOUR, Kaveh | Director | 2024-09-26 | May 1963 | British |
| VALEUR, Charlotte | Director | 2024-09-26 | Jan 1964 | Danish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BESTWICK, Timothy David, Dr | Director | 2023-01-27 | 2024-07-17 |
| STAPLES, John | Director | 2024-09-26 | 2026-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Uk Atomic Energy Authority | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-01-27 | Active |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-12 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-11 | AA | accounts | Accounts with accounts type full | |
| 2026-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-29 | AA | accounts | Accounts with accounts type dormant | |
| 2024-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.