UK Companies House feature
FUSION PRACTICES LTD
Cash
£9M
+18.4% vs 2023
Net assets
£13M
+18.3% vs 2023
Employees
32
+3.2% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 07103004
- Status
- Active
- Incorporation
- 2009-12-12
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | — | — | — | — | £2,752,610 | £2,206,737 | |
| Cash | £1,952,352 | £4,265,013 | £5,461,154 | £8,074,297 | £7,461,947 | £8,838,575 | |
| Total assets less current liabilities | — | — | — | — | £10,977,605 | £12,989,474 | |
| Net assets | £1,808,897 | £3,504,497 | £5,120,234 | £8,399,372 | £10,951,982 | £12,958,720 | |
| Equity | £1,808,897 | £3,504,497 | £5,120,234 | — | £10,951,982 | £12,958,720 | |
| Average employees | 16 | 25 | 34 | 31 | 31 | 32 | |
| 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
- Ashon Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the projections for the forthcoming 12 month period from the date of signing of these financial statements and based on the level of existing cash, projected income and expenditure, the Directors are satisfied that the Company and the Group have adequate resources to continue for a period of at least 12 months from the date of signing of these financial statements, as a result the Directors consider it appropriate for the financial statements to be prepared on a going concern basis.”
Subsidiaries
- Fusion Practices Technologies Private Limited · 100% held · India
- Fusion Practices Inc · 100% held · USA
Significant events
- “On 1st April 2025 the company finally completed the transfer of the Freehold Building situated at 24 St John Street to the ultimate parent entity at cost.”
- “On 1st January 2025 the redeemable ordinary shares in Fusion Practices Inc were redeemed bringing the company back to full ownership by Fusion Practices Limited. Prior to the redemption we owned 75% of the company.”
- “In September 2025, the Research and Development claim for expenditure made in 2023 was agreed by HMRC resulting in a refund of corporation tax of £311k.”
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
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAIN, Mukesh | Director | 2020-02-01 | Sep 1978 | Indian |
| PASSI, Anil | Director | 2009-12-12 | Sep 1974 | British |
| PASSI, Anjali | Director | 2016-10-07 | Jun 1974 | British |
| SRIDHARAN, Goutham | Director | 2026-04-01 | Jan 1986 | Indian |
| TURNER, Ian Andrew | Director | 2021-01-18 | Jul 1958 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PASSI, Anjali | Secretary | 2015-05-01 | 2016-10-07 |
| MCGOWAN, Ian Alexander | Director | 2021-01-18 | 2024-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fusion Practices Holdings Ltd | Corporate entity | Shares 75–100% | 2024-03-08 | Active |
| Mrs Anjali Passi | Individual | Shares 25–50%, Voting 25–50% | 2023-03-01 | Ceased 2024-03-08 |
| Mr Anil Passi | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2024-03-08 |
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-14 | AP01 | officers | appoint person director company with name date |
| 2026-02-03 | CH01 | officers | change person director company with change date |
| 2026-02-03 | CH01 | officers | change person director company with change date |
| 2026-01-22 | CH01 | officers | change person director company with change date |
| 2026-01-21 | CH01 | officers | change person director company with change date |
| 2026-01-21 | CH01 | officers | change person director company with change date |
| 2025-12-11 | AA | accounts | accounts with accounts type group |
| 2025-07-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-30 | AA | accounts | accounts with accounts type unaudited abridged |
| 2024-11-01 | TM01 | officers | termination director company with name termination date |
| 2024-09-03 | CH01 | officers | change person director company with change date |
| 2024-07-22 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-07-22 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-07-22 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-07-22 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-01-09 | AD01 | address | change registered office address company with date old address new address |
| 2023-12-15 | SH01 | capital | capital allotment shares |
| 2023-07-28 | AA | accounts | accounts with accounts type total exemption full |
| 2023-07-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-31 | PSC01 | persons-with-significant-control | notification of a person with significant control |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
39.9
COLD
/ 100
- Filings velocity 67
- Capital events 0
- Officer churn 25
- Headcount trajectory 53
- Accounts trajectory 68
- 8 filing(s) in last 12 months
- 1 appointed, 0 resigned (12mo)
- Employees +3% YoY
- Net Assets +18% YoY