CONVERGENCE GROUP (WIRELESS) NETWORKS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -14.7%

  £46,086,000 → £39,332,000

• Cash

  +88.6%

  £1,237,000 → £2,333,000

• Net assets

  -9.4%

  £41,751,000 → £37,823,000

• Employees

  -15.1%

  199 → 169

• Operating profit

  -66%

  -£3,882,000 → -£6,445,000

• Profit before tax

  -186%

  -£1,363,000 → -£3,898,000

• Wages

  -7.8%

  £9,878,000 → £9,109,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CONVERGENCE GROUP (WIRELESS) NETWORKS LIMITED 2026-03-30 → present
2. M247 UK LIMITED 2021-11-08 → 2026-03-30
3. METRONET (UK) LIMITED 2009-05-06 → 2021-11-08
4. MANCHESTER METRONET LIMITED 2003-11-25 → 2009-05-06

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is reliant on financial support from its ultimate parent company, Convergence Holdings Limited, as it has net current liabilities, excluding intercompany balances. Cash resources of the company and other group undertakings are managed on a group basis. The Director has received written confirmation from Convergence Holdings Limited that financial support will be provided to the Company as a subsidiary for the period through to 31 December 2026. The Director of Convergence Holdings Limited has prepared a detailed financial forecast for the group going out to 31 March 2027, the first period of which forms the budget for the year-ended 31 March 2026. Actual performance is reviewed regularly against the budget for the financial year. In addition group covenant compliance and headroom are monitored every month. On the basis of these forecasts, the Director assessed whether the group is a going concern and is able to continue trading for the period to 31 December 2026. Based on this assessment, The Director has not identified any material uncertainties that cast significant doubt on the group's ability to continue to operate as a going concern.”

Significant events

• “On 10 June 2025, the entire issued share capital of the Company was acquired by Convergence (Group Networks) Limited, a company incorporated in the United Kingdom. The acquisition was effected through a share purchase agreement and resulted in the Company becoming a wholly owned subsidiary of Convergence (Group Networks) Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.