Fusion DM Limited (07136370): administration
- Status
- Administration ended
- Administration began
- 2018-06-13
- Incorporated
- 2010-01-26
- Location
- Tunbridge Wells
- Industry
- 73120 Media representation services
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The Company was incorporated in 2010 and traded as ‘Fusion DM’. Paul Karl Julian Turner is the sole director and shareholder.
The Company acted as an independent broker for business to business marketing lists (described as “independent global list sourcing experts”), acquiring and compiling various marketing databases (mainly containing email data for limited companies), as ordered and required by its customer base. This data was sourced from data compliant suppliers at discount rates, which allowed the Company to pass on a marked-up sale price to their customers. The majority of the Company’s business came from large commercial customers, specifically in publishing, events, conferences, exhibitions and sales lead generation industries. Approximately 40% of the Company’s data was supplied to international clients.
The Company worked with a variety of data suppliers, predominantly based in the United Kingdom. However, the Company also sourced data from suppliers in Eastern and Western Europe, USA, AsiaPacific, South Africa and Latin America.
Administrators' statement of proposals (2018-07-04) · Companies House register