Fusion Post Production has successfully secured a company voluntary agreement (CVA) and has recorded its two most successful months ever.
Fusion Post Production has successfully secured a company voluntary agreement (CVA) and has recorded its two most successful months ever.

The D'Arblay Street facility's successful filing for a CVA brings stability to the company as it consolidates old debt into a repayment scheme, freeing cash flow for the immediate future.

Facility director Ant Hayward said: 'It's like a new beginning. The old debts are in the CVA and we have just recorded the largest turnover over two months since opening.' Recent post-production has been completed on projects such as What Not to Wear, How Clean is Your House? and CBBC's Kerching!.

Fusion told Broadcast in August that it was seeking investment, and although no new investors have come on board since then, Hayward did confirm that talks with potential investors were still ongoing.

Operations manager Mike Saunders joined from Nats earlier this month.

For a CVA to be successfully filed, 75% of the company's creditors have to agree to it. A minimum of 30% of the debt must be paid back over five years, although the company can increase the amount it repays if it is

performing well.

The CVA was brokered by turnaround specialist KSA and the arrangement was approved earlier this month.

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