FUSION (WORTHING) LIMITED

⚰️Wound downreceivership

SC186438 · ltd · incorporated 1998-06-05

Investment thesis

Company receivership — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

29/100

Pass

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What this business does

Primary activity: SIC 7011

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 29/100 (pass), bankability 10/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (30/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 27.3y

40/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 27.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 50/100 (high).

Data confidence

Overall: low (46/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

27 officers (0 active, 27 linked, 17 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

111 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

29/100Pass

PassWatchWorth a lookStrongExceptional

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (92 events)Click to expand

2023-11-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-03
➖
BLAKELEY, Iain James resigned
director
2009-08-04
📍
legacy
address · 287
2009-08-04
⚠️
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2009-03-10
⚠️
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2009-01-06
⚠️
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2008-10-29
⚠️
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2008-10-08
📄
legacy
officers · 288b
2008-09-30
➖
LANGRIDGE, Megan Joy resigned
secretary
2008-09-18
📄
legacy
officers · 288b
2008-09-03
📄
legacy
officers · 288b
2008-09-01
➖
BESLEY, Ian Philip Andrew resigned
director
2008-08-19
⚠️
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2008-08-04
📍
legacy
address · 287
2008-08-01
📄
legacy
annual-return · 363s
2008-07-18
➖
KLIMT, Peter Richard resigned
director
2007-07-05
📄
accounts-with-made-up-date
accounts · AA
2007-06-27
📄
legacy
annual-return · 363s
2006-10-11
📄
accounts-with-made-up-date
accounts · AA
2006-06-28
📄
legacy
annual-return · 363s
2006-02-07
📄
legacy
officers · 288c
2005-11-28
📄
accounts-with-made-up-date
accounts · AA
2005-09-12
📄
legacy
officers · 288a
2005-07-25
📄
legacy
annual-return · 363s
2005-07-21
➕
BLAKELEY, Iain James appointed
director
2004-12-06
📄
legacy
officers · 288a
2004-11-25
➕
BESLEY, Ian Philip Andrew appointed
director
2004-10-04
📄
legacy
officers · 288b
2004-09-28
➖
HANCOCK, Christopher resigned
director
2004-09-01
📄
accounts-with-made-up-date
accounts · AA
2004-06-29
📄
legacy
annual-return · 363s
2004-05-12
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2004-04-21
🔒
Charge registered #8
Lender: The Governor and Company of the Bank of Scotland
2004-04-21
🔒
Charge registered #7
Lender: The Governor and Company of the Bank of Scotland
2003-06-10
➖
CHARON, Robert Danny resigned
secretary
2003-06-10
➕
LANGRIDGE, Megan Joy appointed
secretary
2003-04-07
➕
KLIMT, Peter Richard appointed
director
2003-03-27
🔓
Charge satisfied #4
2003-03-27
🔓
Charge satisfied #3
2003-03-26
🔒
Charge registered #6
Lender: Norwich Union Mortgage Finance Limited
2003-03-26
🔒
Charge registered #5
Lender: Norwich Union Mortgage Finance Limited
2003-03-19
➕
CHARON, Robert Danny appointed
secretary
2003-03-19
➖
O HARA, William Clive resigned
secretary
2003-03-19
➖
BRADLEY, Pauline Anne resigned
director
2003-03-19
➖
CUMMINGS, Peter Joseph resigned
director
2003-03-19
➕
HANCOCK, Christopher appointed
director
2003-03-19
➖
MCCRORY, David Andrew resigned
director
2003-03-19
➖
MCMAHON, James Cairns resigned
director
2003-03-19
➖
O HARA, William Clive resigned
director
2003-03-03
➕
MCCRORY, David Andrew appointed
director

Showing most recent 50 of 92 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2008-10-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-06-19

Company status: receivership

high

Company is in a formal insolvency or administration process. Treat accordingly.

5 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2009-08-04: liquidation-receiver-ceasing-to-act-scotland; 2009-03-10: liquidation-receiver-receivers-report-scotland

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

12 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusreceivership

Typeltd

Incorporated1998-06-05

Jurisdictionscotland

Primary SIC7011 — SIC 7011

Registered office

15 Atholl Crescent

Edinburgh

EH3 8HA

Filing status

Accounts

Next due: 2008-10-31OVERDUE

Last made up to: 2006-12-31

Confirmation statement

Next due: 2017-06-19OVERDUE

Last: —

Officers (0 active · 27 resigned)

BLACK, Lysanne Jane Warren→

secretary · appointed 2000-06-06 · resigned 2000-09-01

Resigned

CHARON, Robert Danny→

secretary · appointed 2003-03-19 · resigned 2003-06-10

Resigned

FERRIE, Joyce→

secretary · appointed 1998-06-22 · resigned 2000-01-31

Resigned

LANGRIDGE, Megan Joy→

secretary · appointed 2003-06-10 · resigned 2008-09-30

Resigned

MACRAE, Alistair Ian→

secretary · appointed 2000-09-01 · resigned 2002-04-16

Resigned

O HARA, William Clive→

secretary · appointed 2002-04-16 · resigned 2003-03-19

Resigned

ROBERTSON, John William→

secretary · appointed 1998-06-22 · resigned 2000-06-06

Resigned

TM COMPANY SERVICES LIMITED→

corporate-nominee-secretary · appointed 1998-06-05 · resigned 1998-06-22

Resigned

BESLEY, Ian Philip Andrew→

director · ~78y · appointed 2004-11-25 · resigned 2008-09-01

Resigned

BLAKELEY, Iain James→

director · ~55y · appointed 2005-07-21 · resigned 2023-11-03

Resigned

BRADLEY, Pauline Anne→

director · ~65y · appointed 2002-04-16 · resigned 2003-03-19

Resigned

CUMMINGS, Peter Joseph→

director · ~71y · appointed 2002-04-16 · resigned 2003-03-19

Resigned

GILBERT, Christopher John→

director · ~72y · appointed 1998-06-22 · resigned 1998-10-30

Resigned

HANCOCK, Christopher→

director · ~61y · appointed 2003-03-19 · resigned 2004-09-28

Resigned

HUTCHISON, Graeme→

director · ~66y · appointed 1998-06-22 · resigned 2000-12-15

Resigned

JOHNSON, Andrew Lawrence, Mr.→

director · ~78y · appointed 1998-10-30 · resigned 2002-04-16

Resigned

KLIMT, Peter Richard→

director · ~80y · appointed 2003-04-07 · resigned 2008-07-18

Resigned

MCCRORY, David Andrew→

director · ~55y · appointed 2003-03-03 · resigned 2003-03-19

Resigned

MCDONALD, Derek→

director · ~59y · appointed 2000-12-15 · resigned 2002-04-16

Resigned

MCMAHON, James Cairns→

director · ~77y · appointed 2002-04-16 · resigned 2003-03-19

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	2 properties	21/04/2004	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Legal charge	2 properties	21/04/2004	—
outstanding	Norwich Union Mortgage Finance Norwich Union Mortgage Finance Limited	Deed of assignment	1 property	26/03/2003	—
outstanding	Norwich Union Mortgage Finance Norwich Union Mortgage Finance Limited	Floating charge	3 properties	26/03/2003	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Legal charge	2 properties	19/04/2002	27/03/2003
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	19/04/2002	27/03/2003
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Legal charge	1 property	30/12/1998	01/05/2002
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	30/12/1998	01/05/2002

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (111 total)

termination-director-company-with-name-termination-date

officers · TM01

2023-11-16

legacy

address · 287

2009-08-04

liquidation-receiver-ceasing-to-act-scotland

insolvency · 3(Scot)

2009-08-04

liquidation-receiver-receivers-report-scotland

insolvency · 3.5(Scot)

2009-03-10

liquidation-receiver-appointment-of-receiver-scotland

insolvency · 1(Scot)

2009-01-06

liquidation-receiver-receivers-report-scotland

insolvency · 3.5(Scot)

2008-10-29

legacy

officers · 288b

2008-10-08

legacy

officers · 288b

2008-09-18

legacy

officers · 288b

2008-09-03

liquidation-receiver-appointment-of-receiver-scotland

insolvency · 1(Scot)

2008-08-19

legacy

address · 287

2008-08-04

legacy

annual-return · 363s

2008-08-01

accounts-with-made-up-date

accounts · AA

2007-07-05

legacy

annual-return · 363s

2007-06-27

accounts-with-made-up-date

accounts · AA

2006-10-11