Fusion Plastics Limited

Fusion Plastics Limited, based in Chesterfield, UK, is a large holding company with an active status, having been incorporated 26 years ago in May 1998. Employing 102 people, the company holds assets valued at £12,267,000 and generates £7,879,000 in revenue annually. It’s managed by six directors and has one owner, and boasts a 3.0 Google rating from eight reviews. The company regularly imports plastics and plastic products (41 months) and exports electrical machinery and equipment (253 months).

Fusion Plastics operates as part of the wider Fusion Group Limited, which provides solutions and information related to gas, water, mining, irrigation, and more. Its website highlights a focus on electrofusion welding machines, tapping valve saddles, and a comprehensive product brochure showcasing its offerings. Fusion is a global leader in the design, manufacture, and distribution of electrofusion fittings, PE ball valves, and associated products, and is a member of the AVK Group. The company invests in innovation, including technologies like Fusamatic automatic pin technology and the Fusion Assist asset management app.

Financially, Fusion Plastics Limited shows some concerning trends. Accrued liabilities decreased significantly, dropping from £670,000 to £310,000, which could indicate tighter financial management. However, depreciation on plant and machinery increased by 40%, potentially reflecting investment in new equipment or a reduction in asset life estimates. Turnover decreased by 26% to £7,879,000, and net assets plummeted 80% to £260,000. Bank borrowings surged by a massive 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) means it’s not required to have an audit, so the figures are unaudited.

Overall, Fusion Plastics Limited appears to be navigating a period of change. While the company’s focus on innovation and its position within the AVK Group are positives, the financial results suggest a need for careful management and a focus on revenue generation to ensure long-term sustainability.

Registered in England/Wales under the registration number 03563739, with a registered address at S41 9PZ, Chesterfield, Derbyshire, Smeckley Wood Close, Chesterfield Trading Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.