FUSE RAIL LIMITED
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Cash
£825k
Latest balance sheet
Net assets
£1.9m
highest in 3 filed years
Employees
55
highest in 3 filed years
Profit before tax
£768k
Period ending 2025-12-31
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-03-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,970,185 | £6,451,250 | £7,190,179 | — | |
| Operating profit | £1,276,234 | £420,642 | £742,458 | — | |
| Profit before tax | £1,276,491 | £427,247 | £767,777 | — | |
| Net profit | £949,634 | £313,516 | £587,888 | — | |
| Cash | £1,618,662 | £626,279 | £825,051 | — | |
| Total assets less current liabilities | £1,665,263 | £1,369,034 | £1,949,494 | — | |
| Net assets | £1,630,898 | £1,344,414 | £1,932,302 | — | |
| Equity | £1,630,898 | £1,344,414 | £1,932,302 | — | |
| Average employees | 50 | 53 | 55 | — | |
| Wages | £2,582,661 | £2,206,778 | £2,881,502 | — | |
| Directors' remuneration | £176,728 | £135,214 | £180,308 | — |
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 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 12.8% | 6.5% | 10.3% | |
| Net margin | 9.5% | 4.9% | 8.2% | |
| Return on capital employed | 76.6% | 30.7% | 38.1% | |
| Gearing (liabilities / total assets) | 49.7% | 46.7% | 22.3% | |
| Current ratio | 1.99x | 2.10x | 4.50x |
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
- Standalone (parent only)
- Auditor
- Ormsby & Rhodes Limited T/A AAB
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore these financial statements have been prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TOLES, Maura | Secretary | 2022-01-31 | — | — |
| MCGEE, Steven James | Director | 2023-08-09 | Oct 1972 | Irish |
| SAUNDERS, David Ian | Director | 2014-02-11 | Nov 1988 | British |
| WILSON, Christina | Director | 2024-03-23 | Dec 1981 | English |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAUNDERS, David Ian | Secretary | 2014-02-11 | 2022-01-31 |
| BARR, Alexander David Russell | Director | 2021-04-01 | 2022-01-31 |
| BECKETT, Tanya | Director | 2021-04-01 | 2022-01-31 |
| BROWN, Paul Richard | Director | 2022-01-31 | 2023-02-02 |
| COLEMAN, Jody | Director | 2024-02-12 | 2025-03-31 |
| CULSHAW, Nicholas Lewis | Director | 2022-01-31 | 2024-02-12 |
| HOLDSTOCK, Brian | Director | 2017-12-07 | 2022-01-31 |
| RUSTON, Lee | Director | 2017-12-07 | 2018-12-07 |
| SAUNDERS, Anthony David | Director | 2018-05-23 | 2022-01-31 |
| SAUNDERS, Anthony David | Director | 2015-09-01 | 2018-04-09 |
| SHAFI, Ajaz | Director | 2023-02-02 | 2023-08-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fused Group Ltd | Corporate entity | Shares 75–100% | 2018-04-09 | Active |
| Mr Anthony Saunders | Individual | Shares 25–50% | 2017-01-01 | Ceased 2018-04-09 |
| Mr David Ian Saunders | Individual | Shares 25–50% | 2017-01-01 | Ceased 2018-04-09 |
Filing timeline
Last 20 of 79 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type full | |
| 2026-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-13 | AA | accounts | Accounts with accounts type full | |
| 2022-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.