UK Companies House feature
FUSION ASSET MANAGEMENT (SERVICES) LIMITED
Cash
£2K
-75.9% vs 2023
Net assets
£353K
-18.7% vs 2023
Employees
0
Average over period
Profit before tax
—
Period ending 2024-05-31
Profile
- Company number
- 05133621
- Status
- Active
- Incorporation
- 2004-05-20
- Last accounts made up
- 2024-05-31
- Account category
- GROUP
- Primary SIC
- 62090
Net assets
4-year trend · vs UK AI & Enterprise SaaS median
Accounts
4-year trend · latest 2024-05-31
| Metric | Trend | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | £3,642 | -£81,280 | |
| Cash | £2,812 | — | £9,016 | £2,174 | |
| Total assets less current liabilities | £819,380 | — | £847,560 | £791,247 | |
| Net assets | £431,136 | — | £434,778 | £353,498 | |
| Equity | £431,136 | £431,136 | £434,778 | £353,498 | |
| Average employees | 3 | — | 0 | 0 | |
| Wages | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- Adler Shine LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the Group's results for the period, its financial forecast and expected cashflows, the director is of the opinion that the Group has adequate resources available to it to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt a going concern basis in preparing the financial statements for the period ended 31 May 2024. The Group and its subsidiaries continued to show strong growth. Due to this strong performance and the ongoing acquisitions both during and following the year end the director is optimistic about the future prospects of the Group and its subsidiaries. The director has received a letter of financial support from Fusion Investments Advisers Limited that it will not request repayment of the loan due to it for the forseeable future. Taking into account the loan facilities available to the Group and after making enquiries, the director has a reasonable expectation that the Group has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved.”
Subsidiaries
- Loyal North Holdings Limited · 95.1% held · UK
- Loyal North PLC · 95.1% held · UK
- JUSTFA Technology Limited · 78.9% held · UK
- JUSTFA Advisers Limited · 78.9% held · UK
- Loyal North Estate Planning Services Limited · 95.1% held · UK
- Bidco GPFM Limited · 71.5% held · UK
- Quay Financial Planning Ltd · 71.5% held · UK
- Whitman Fry Wealth Management Limited · 71.5% held · UK
- Gerald Pepper Financial Management Limited · 71.5% held · UK
- Bidco IC Limited · 95.1% held · UK
- Bidco ML Limited · 95.1% held · UK
- Milsted Langdon Financial Services Limited · 95.1% held · UK
- Financial Planning For Professional Limited · 95.1% held · UK
- Consular Financial Planning Limited · 95.1% held · UK
- Bidco HIFS Limited · 95.1% held · UK
- Plan Smart Financial Planning Limited · 95.1% held · UK
- Bidco MCFS Limited · 95.1% held · UK
- Macbeth Currie Financial Services Limited · 95.1% held · UK
- Bidco LFS Limited · 95.1% held · UK
- Lowland Financial Services Limited · 95.1% held · UK
- Bidco HDW Limited · 95.1% held · UK
- H & D Wealth Limited · 95.1% held · UK
- H & D Financial Planning Limited · 95.1% held · UK
- Wealthinity Limited · 100% held · UK
Significant events
- “During the year ended 31 May 2024, the Group successfully made several acquisitions comprising of: 1. 100% of the share capital of Norfolk-based IFA Quay Financial Planning Limited on 29 June 2023. 2. Assets of Sovereign Financial Services (Scottish Borders) Limited on 1 November 2023. 3. Assets of Newcastle-based IFA S&C Richards Partnership on 2 November 2023. 4. Assets of IFA Steve Carson on 18 January 2024. 5. 100% of the share capital of Surrey-based IFA Whitman Fry Wealth Management Limited on 12 April 2024. On 11 October 2023, the Group acquired the remaining share capital of 24.9% in its subsidiary company, Bidco ML Limited. Post year-end, the Group made further acquisitions: 1. 100% of the share capital of Herfordshire-based IF Wealth Limited on 16 August 2024. 2. Assets of Enlighten Financial Services Limited on 4 September 2024. 3. 100% of the share capital of Dorset-based Blue House Financial Services Limited on 10 September 2024. 4. 100% of the share capital of Wiltshire-based Lewins Investments Limited on 10 September 2024. 5. 100% of the share capital of Essex-based Powell Financial Planning Limited on 16 September 2024. Subsidiary companies dissolved: Bidco IC Limited (13 Aug 2024), Consular Financial Planning Limited (17 Sep 2024), Quay Financial Planning Limited (8 Oct 2024). On 29 October 2024, the Group acquired the remaining share capital of 24.8% in Bidco GPFM Limited. On 14 February 2025, Loyal North Holdings Limited issued additional 511 ordinary shares for £2,262,748. In May 2025, the Company disposed of Wealthinity Limited.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOBKOVA, Ksenia | Secretary | 2004-05-21 | — | British |
| RYBAK, Taras | Director | 2022-11-21 | Nov 1981 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KATTEN MUCHIN ROSENMAN CORNISH LLP | Corporate Secretary | 2004-05-20 | 2004-05-21 |
| BREWER, John Richard | Director | 2004-05-21 | 2006-10-01 |
| CORNISH, Martin William | Director | 2004-05-20 | 2004-05-21 |
| GOODALE, Timothy Fuller | Director | 2004-05-21 | 2006-09-30 |
| ILINSKI, Kirill | Director | 2016-06-16 | 2022-11-21 |
| ILINSKI, Kirill | Director | 2004-05-21 | 2011-10-27 |
| ZHEREBTSOV, Anton | Director | 2011-10-27 | 2016-06-16 |
| KATTEN MUCHIN ROSENMAN CORNISH LLP | Corporate Director | 2004-05-20 | 2004-05-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Kirill Ilinski | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-05-30 | AA | accounts | accounts with accounts type group |
| 2025-05-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-05-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-02-28 | AA | accounts | accounts with accounts type total exemption full |
| 2023-05-25 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-05-04 | AA | accounts | accounts with accounts type total exemption full |
| 2022-11-30 | TM01 | officers | termination director company with name termination date |
| 2022-11-30 | AP01 | officers | appoint person director company with name date |
| 2022-06-13 | AA | accounts | accounts with accounts type total exemption full |
| 2022-05-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-01-10 | AD01 | address | change registered office address company with date old address new address |
| 2021-06-09 | AA | accounts | accounts with accounts type total exemption full |
| 2021-05-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-05-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-03-02 | AA | accounts | accounts with accounts type total exemption full |
| 2019-05-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-03-05 | AA | accounts | accounts with accounts type total exemption full |
| 2018-05-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2018-03-07 | AA | accounts | accounts with accounts type group |
| 2017-05-24 | CS01 | confirmation-statement | confirmation statement with updates |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory