Fusion8 Ltd

Fusion8 Ltd, based in Hove, UK, is a small, active company founded five years ago. With just five employees and £172,698 in assets, it operates from a virtual address – a detail worth noting as 234 companies share the same location. The company is led by a single director, and curiously, has no listed owners. Google users rate it a perfect 5.0 based on two reviews. Fusion8 is an irregular importer, specializing in electrical machinery and equipment, with its last import activity recorded two months ago in September 2023.

The company’s website, Fusion8 Solar, positions itself as a technology-driven installer of solar panels, offering instant quotes and a streamlined buying process. It emphasizes a no-salesperson approach, utilizing data modeling to recommend optimal systems and offering a 10-year workmanship warranty. The site highlights a focus on Tier 1 solar products and battery storage upgrades, targeting homeowners looking to reduce energy costs. It’s a modern, tech-focused operation, aiming to disrupt the traditional solar installation market.

Financially, Fusion8 Ltd presents a mixed picture. Current assets have fallen significantly, dropping 55% to £170,000. Bank borrowings have increased by a staggering 2,400%, reaching £29,000, while cash reserves have plummeted 85% to just £14,000. Creditors have also decreased by 52%, suggesting some improvements in debt management. The company's small size—meeting two of three conditions for being a small company—allows for agility, but the sharp decline in equity, dropping 0.78% to -£170,000, is concerning. No auditor is mentioned, likely due to its small company status.

The rise in bank borrowings and the significant drop in cash reserves suggest Fusion8 might be burning through money as it invests in growth. The lack of owners could indicate a privately held structure or a complex ownership arrangement. While the company’s Google rating is excellent, the financial data hints at a challenging period, and it’s uncertain if the growth strategy is sustainable.

Registered in England/Wales under the registration number 12551180, with a registered address at BN3 2DL, United Kingdom, Hove, East Sussex, 168 Church Road.

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