CONVERGENCE HOLDINGS LIMITED

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

  -20.2%

  £48,270,000 → £38,503,000

• Cash

  -44.2%

  £5,477,000 → £3,056,000

• Net assets

  +49.8%

  £5,883,000 → £8,815,000

• Employees

  -1%

  105 → 104

• Operating profit

  -19.2%

  £6,495,000 → £5,251,000

• Profit before tax

  -14.1%

  £5,993,000 → £5,145,000

• Wages

  -1.4%

  £5,875,000 → £5,792,000

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 HOLDINGS LIMITED 2017-02-09 → present
2. CNGL 2017 LIMITED 2017-02-08 → 2017-02-09

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The director has prepared detailed financial forecasts for the period ended 31 March 2027, being the going concern period. The forecasts take into account reasonable possible sensitivities to trading performance, with due consideration to the economic environment, to risks regarding the timing and extent of cash flows and the impact on covenant compliance. More specifically, the director has tested various sensitivities regarding new business sales, customer churn rates and pay inflation. The group does also have access to a secured £3m overdraft facility should it be required. This overdraft has no expiry date and the bank may review the facility from time to time and at least annually. These forecasts show that the company has sufficient financial resources, to continue to operate for at least the going concern period. As such, the director considers it appropriate to adopt the going concern basis in preparing the financial statements.”

Group structure

1. CONVERGENCE HOLDINGS LIMITED · parent
   1. Convergence (Group Networks) Limited 100% · UK · LAN and Network services
   2. Networks First Limited 100% · UK · Dormant
   3. LAN3 Limited 100% · UK · Provision of fully managed services for LAN to customers
   4. AIT Group Partnership Limited 100% · UK · Provision of fully managed services for LAN to customers
   5. Linchpin Networks Limited 100% · UK · Provision of fully managed services for WAN to customers
   6. Allfour Technologies Limited 100% · UK · Provision of LAN network services
   7. Convergence Support Ireland Ltd 100% · Ireland · Provision of LAN network services for Ireland

Significant events

• “On the 10 June 2025, Convergence Holdings Limited acquired M247 UK Limited. M247 UK Limited brings £35m of predominantly WAN revenues (96% recurring), from approximately 2,000 customers, supported by circa 160 employees. As well as resell of third-party connectivity, M247 UK have a 130 strong Points of Presence wireless network. The business is Headquartered in Manchester.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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