FUSION ASSET MANAGEMENT (SERVICES) LIMITED

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

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.”

Group structure

1. FUSION ASSET MANAGEMENT (SERVICES) LIMITED · parent
   1. Loyal North Holdings Limited 95.1% · UK
   2. Loyal North PLC 95.1% · UK
   3. JUSTFA Technology Limited 78.9% · UK
   4. JUSTFA Advisers Limited 78.9% · UK
   5. Loyal North Estate Planning Services Limited 95.1% · UK
   6. Bidco GPFM Limited 71.5% · UK
   7. Quay Financial Planning Ltd 71.5% · UK
   8. Whitman Fry Wealth Management Limited 71.5% · UK
   9. Gerald Pepper Financial Management Limited 71.5% · UK
   10. Bidco IC Limited 95.1% · UK
   11. Bidco ML Limited 95.1% · UK
   12. Milsted Langdon Financial Services Limited 95.1% · UK
   13. Financial Planning For Professional Limited 95.1% · UK
   14. Consular Financial Planning Limited 95.1% · UK
   15. Bidco HIFS Limited 95.1% · UK
   16. Plan Smart Financial Planning Limited 95.1% · UK
   17. Bidco MCFS Limited 95.1% · UK
   18. Macbeth Currie Financial Services Limited 95.1% · UK
   19. Bidco LFS Limited 95.1% · UK
   20. Lowland Financial Services Limited 95.1% · UK
   21. Bidco HDW Limited 95.1% · UK
   22. H & D Wealth Limited 95.1% · UK
   23. H & D Financial Planning Limited 95.1% · UK
   24. Wealthinity Limited 100% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -75.9%

  £9,016 → £2,174

  lowest in 3 filed years

• Net assets

  -18.7%

  £434,778 → £353,498

  lowest in 3 filed years

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers