FUSION ASSETS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
None on the register
Cash
£4M
+70.2% highest in 4 filed years
Net assets
£5M
+11.8% highest in 4 filed years
Employees
13
+30% highest in 4 filed years
Profit before tax
£849K
-4.3% vs 2024
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £873,049 | — | £1,638,735 | — | £2,185,902 | £343,995 | |
| Operating profit | — | £674,694 | — | £29,496 | — | £868,296 | £731,403 | |
| Profit before tax | — | £676,231 | — | £37,303 | — | £887,380 | £848,815 | |
| Net profit | — | £510,286 | — | -£12,272 | — | £709,357 | £555,837 | |
| Cash | — | £2,562,722 | — | £2,715,664 | — | £2,236,038 | £3,805,596 | |
| Total assets less current liabilities | — | £6,449,451 | — | £6,486,754 | — | £7,232,534 | £9,000,892 | |
| Net assets | — | £4,032,385 | — | £4,020,113 | — | £4,729,470 | £5,285,307 | |
| Equity | £3,522,099 | £4,032,385 | £4,032,385 | £4,020,113 | £4,020,113 | £4,729,470 | £5,285,307 | |
| Average employees | — | 9 | — | 9 | — | 10 | 13 | |
| Wages | — | £133,588 | — | £144,175 | — | £154,038 | £163,552 | |
| Directors' remuneration | — | £15,000 | — | £15,000 | — | £15,041 | £15,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-84.3%
£2,185,902 £343,995
lowest in 4 filed years
-
Cash
+70.2%
£2,236,038 £3,805,596
highest in 4 filed years
-
Net assets
+11.8%
£4,729,470 £5,285,307
highest in 4 filed years
-
Employees
+30%
10 13
highest in 4 filed years
-
Operating profit
-15.8%
£868,296 £731,403
-
Profit before tax
-4.3%
£887,380 £848,815
-
Wages
+6.2%
£154,038 £163,552
highest in 4 filed years
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 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 77.3% | — | 1.8% | — | 39.7% | — | |
| Net margin | — | 58.4% | — | -0.7% | — | 32.5% | 161.6% | |
| Return on capital employed | — | 10.5% | — | 0.5% | — | 12.0% | 8.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 60.3% | 61.3% | |
| Current ratio | — | — | — | — | — | 1.40x | 2.01x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FUSION ASSETS LIMITED 2007-03-13 → present
- NORTH LANARKSHIRE REGENERATION COMPANY LIMITED 2006-03-27 → 2007-03-13
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- FUSION ASSETS LIMITED · parent
- Drumpellier Business Park LLP 0.5%
- Gartcosh Estates LLP 0.5%
Significant events
- “A fully impaired investment in Central Assets LLP was also held in the year. This joint venture was dissolved in May 2024, therefore Fusion Assets Limited is no longer a member at the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2006-03-27 | — | — |
| DUGUID, Scott Macilwriath | Director | 2010-09-23 | Apr 1950 | British |
| DUNLOP, Walter John | Director | 2010-09-23 | Feb 1960 | British |
| FISHER, Thomas | Director | 2023-12-21 | Jun 1956 | British |
| HUMPHRIES, Pamela | Director | 2019-01-08 | May 1969 | British |
| ROARTY, Louise Alexandra | Director | 2023-06-22 | Jan 1970 | British |
| ROBINSON, Gary | Director | 2023-12-21 | Sep 1971 | British |
| SMITH, Ronald Schoular | Director | 2016-10-03 | Sep 1953 | British |
| SULLIVAN, Richard Alan | Director | 2022-06-09 | Nov 1978 | British |
| TELFER, Greg Adam Donald | Director | 2025-04-14 | Jun 1981 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARMICHAEL, Iain James Keith | Director | 2010-09-23 | 2016-06-27 |
| COLLINS, James Murray | Director | 2006-03-27 | 2007-06-22 |
| COYLE, Michael Joseph | Director | 2008-06-30 | 2022-06-09 |
| CRICHTON, Alistair Chalmers | Director | 2008-06-30 | 2016-03-31 |
| CRICHTON, David Thomas | Director | 2022-06-09 | 2022-12-15 |
| CURLEY, Thomas | Director | 2006-03-27 | 2008-03-21 |
| CURRIE, Calum David Richard | Director | 2017-05-30 | 2020-08-13 |
| FAGEN, David | Director | 2013-03-25 | 2015-12-17 |
| GEBBIE, David | Director | 2006-08-17 | 2008-12-15 |
| GRAHAM, Allan George | Director | 2016-03-08 | 2022-06-09 |
| HISLOP, Eric Hull | Director | 2011-09-19 | 2011-12-19 |
| JUKES, Paul | Director | 2012-12-17 | 2015-09-01 |
| KEMP, Elaine Edith | Director | 2016-03-31 | 2025-04-11 |
| LUNNY, Thomas Gerard | Director | 2016-03-08 | 2017-03-31 |
| LUNNY, Thomas Gerard | Director | 2011-02-21 | 2012-06-25 |
| MACKAY, Graham Neil | Director | 2015-12-03 | 2016-03-16 |
| MAGINNIS, Thomas, Councillor | Director | 2006-03-27 | 2012-12-17 |
| MCCONACHIE, Maureen Alexandra | Director | 2007-09-05 | 2011-06-22 |
| MCCULLOCH, Barry | Director | 2022-12-15 | 2025-12-18 |
| MCCULLOCH, Kenneth Wilfred | Director | 2006-08-17 | 2008-12-15 |
| MCKAY, Francis Anthony | Director | 2022-06-09 | 2023-06-22 |
| MCLAREN, John, Cllr | Director | 2015-12-17 | 2016-03-08 |
| MCMANUS, John | Director | 2007-06-22 | 2008-06-30 |
| MCNALLY, Frank, Councillor | Director | 2012-06-25 | 2016-03-08 |
| MURRAY, Desmond Hugh | Director | 2016-06-27 | 2018-09-25 |
| PENTLAND, John, Councillor | Director | 2008-06-30 | 2010-11-22 |
| PORCH, David Moore | Director | 2006-03-27 | 2007-09-05 |
| TELFER, Greg Adam Donald | Director | 2023-11-07 | 2024-01-08 |
| WATSON, Alexander Bell Young | Director | 2020-08-13 | 2022-06-09 |
| WILSON, Kenneth | Director | 2015-10-01 | 2015-12-03 |
| WOOD, Jane Frances | Director | 2006-04-25 | 2009-09-21 |
| WOODBURN, Pamela | Director | 2006-03-27 | 2008-06-30 |
| WRIGHT, Mandy Edna Elizabeth | Director | 2006-03-27 | 2008-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| North Lanarkshire Council | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-29 MA Memorandum articles
- 2023-11-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-29 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-29 | MA | incorporation | Memorandum articles | |
| 2023-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-28 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- 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.