The management of Fusion Post is restructuring the company's finances to pay off old debts while it negotiates with potential new investors.
The management of Fusion Post is restructuring the company's finances to pay off old debts while it negotiates with potential new investors.

The D'Arblay Street company has enlisted the aid of business turnaround specialist KSA to advise it. Facility director Ant Hayward said: 'We have approached KSA to deal with the old debt that was picked up when work was quiet. The turnaround companies don't take you on if they don't think that you're a viable long-term business.'

A company voluntary agreement (CVA) is likely to be filed within a month, where creditors will be asked to agree to a repayment scheme. Young companies who have forecasted increased future profitability but hold a heavy level of creditor pressure often use CVAs to distant themselves from start-up costs.

Hayward explained: 'We've had plenty of work over the past few months and want to put that old debt to one side.'

Fusion is currently in negotiations with a number of investors.

Credits include Gender Swap and How Clean is Your House?.

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