Fuzion Limited (02971931): administration
- Status
- Administration ended
- Administration began
- 2014-08-15
- Administrators
- Paul M Davis, Frederick Charles Satow
- Administrators' firm
- MHA
- Formerly
- Fuzion PLC
- Incorporated
- 1994-09-28
- Location
- London
- Industry
- 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Fuzion Limited (“Fuzion” or “the Company”) was incorporated on 28 September 1994 and operated from a warehouse, workshop and office premises in Hersham, Surrey, importing and distributing a wide range of audio products to the concert and contractor sound industry
The Company was founded by Tony Oates, Paul Ward and Gary Ashton, and originally distributed speakers and amplifiers Approximately five years after incorporation Mr Oates, a Director and majority shareholder of the Company, purchased the shares of a cabling business known as Kelsey Acoustics Limited Kelsey was eventually incorporated into the Company, sometime in 2008, becoming an important brand
The main product line of Kelsey became cabling, designed by Fuzion, with the majority manufactured in Germany The Company also designed a variety of metal products such as boxes, stands, power and rack accessories etc, which were manufactured by various UK based firms Fuzion also acted as wholesalers for a large variety of sound and associated items including speakers, amplifiers, contro! systems, alternative branded cabling, lighting systems etc
Administrators' statement of proposals (2014-10-17) · Companies House register