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Cash

Latest balance sheet

Net assets

£2.5m

0% vs 2024

Employees

0

Average over period

Profit before tax

Period ending 2025-09-30

Accounts

4-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30

Metric Trend 2022-09-302023-09-302024-09-302025-09-30 Δ vs prior
Turnover £10,601,000£7,879,000
Operating profit -£857,000-£548,000
Profit before tax -£899,000-£600,000
Net profit -£649,000-£770,000
Cash £205,000£424,000
Total assets less current liabilities £12,821,000£2,591,000£2,546,627£2,546,627 0%
Net assets £3,317,000£2,547,000£2,546,627£2,546,627 0%
Equity £2,546,627£2,546,627£2,546,627 0%
Average employees 1028200
Wages £2,871,000£2,332,000
Directors' remuneration

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 . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2022-09-302023-09-302024-09-302025-09-30
Operating margin -8.1%-7.0%
Net margin -6.1%-9.8%
Return on capital employed -6.7%-21.2%
Current ratio 1.08x1.24x1.27x
Interest cover -20.40x-10.54x

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 2 times since incorporation

  1. FUSION PLASTICS LIMITED 2014-07-28 → present
  2. FUSION PROVIDA LIMITED 1998-07-01 → 2014-07-28
  3. GWECO 111 LIMITED 1998-05-14 → 1998-07-01

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Cooper Parry Group Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 20 resigned

Name Role Appointed Born Nationality
MCGUIGAN, Adam Secretary 2025-10-01
HUBBARD, Paul John Director 2017-04-07 Sep 1959 British
JOHANSEN, Joergen Bo Director 2018-02-08 Feb 1969 Danish
KUDSK, Lars Director 2017-04-07 May 1960 Danish
MCGUIGAN, Adam Director 2025-10-01 Apr 1987 British
PALMER, Mark Hubert Director 2021-11-29 Sep 1965 British
Show 20 resigned officers
Name Role Appointed Resigned
BRIDGSTOCK, Eric Secretary 2001-12-10 2002-09-23
BROADHURST, Gayle Secretary 2018-10-30 2025-10-01
GREEN, Neil Anthony Secretary 2002-09-23 2018-10-30
REYNOLDS, David William Secretary 1999-10-01 2001-12-10
WILKES, Susan Mary Secretary 1998-06-30 1999-09-30
GWECO SECRETARIES LIMITED Corporate Secretary 1998-05-14 1998-06-30
BAILEY, Michael John Director 2007-07-01 2014-06-17
BRIDGSTOCK, Eric Director 2001-12-10 2017-04-07
BROADHURST, Gayle Director 2018-04-08 2025-10-01
CAMERON, Kenneth James Coats Director 1998-06-30 2003-12-08
DE KROON, Garmt Cornelis Director 2017-06-10 2018-02-01
GREEN, Neil Anthony Director 2002-09-23 2021-11-29
HAMSHAW, Stephen William Director 2009-01-05 2017-04-07
HAMSHAW, Stephen William Director 2002-02-01 2003-02-01
KEMMITT, Mark Michael Director 1998-06-30 2014-03-31
POWELL, Michael Francis Director 1998-06-30 2004-10-14
RAINE, Kevin James Director 2002-02-01 2018-11-12
REYNOLDS, David William Director 1998-06-30 2001-12-18
WILKES, Susan Mary Director 1998-06-30 1999-09-30
GWECO DIRECTORS LIMITED Corporate Director 1998-05-14 1998-06-30

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Fusion Group Ltd Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2017-04-07 Active

Filing timeline

Last 20 of 140 total filings

Date Type Category Description
2026-07-09 AA accounts Accounts with accounts type full
2025-11-05 TM02 officers Termination secretary company with name termination date PDF
2025-11-05 TM01 officers Termination director company with name termination date PDF
2025-11-05 AP03 officers Appoint person secretary company with name date PDF
2025-11-05 AP01 officers Appoint person director company with name date PDF
2025-10-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-04 AA accounts Accounts with accounts type full
2024-10-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-25 AA accounts Accounts with accounts type full PDF
2023-10-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-13 AA accounts Accounts with accounts type full
2022-12-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-05-17 AA accounts Accounts with accounts type full
2021-11-29 AP01 officers Appoint person director company with name date PDF
2021-11-29 TM01 officers Termination director company with name termination date PDF
2021-10-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-03-09 AA accounts Accounts with accounts type full
2020-10-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-03-31 AA accounts Accounts with accounts type full
2019-12-12 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page