Convergence Group was formed in 2004 to address the rapidly growing IP and network requirements of national and international business organisations. Convergence Group, ten years on, still only focusses on the design of scalable, cost effective, flexible, integrated network access solutions across the Wide Area Network (WAN). These solutions now always consist of multiple network providers’ along with multiple products, services and vendor hardware. Current revenues of £27m mean that we have the scale to design and maintain a ‘Carrier Inter-connect' platform’ by joining together a national and international supply chain of 'Tier 1' network carriers including BT, Virgin Media, Vodafone, COLT, Verizon Business, SSE, AT&T, Telstra and others. This platform gave us the capability to provide customer data solutions to any part of the UK or world with optimum efficiency, product flexibility and cost effectiveness.
Type
Private
HQ
Shirley, GB
Founded
2004
Size (employees)
93 (est)+3%
Convergence Group was founded in 2004 and is headquartered in Shirley, GB
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Convergence Group Office Locations

Convergence Group has an office in Shirley
Shirley, GB (HQ)
Cranmore Place Cranmore Dr
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Convergence Group Financials and Metrics

Summary Metrics

Founding Date

2004

Convergence Group Financials

Convergence Group's revenue was reported to be £27.33 m in FY, 2017
GBP

Revenue (FY, 2017)

27.3 m

Gross profit (FY, 2017)

8.6 m

Gross profit margin (FY, 2017), %

31.6%

Net income (FY, 2017)

2.3 m

EBITDA (FY, 2017)

4 m

EBIT (FY, 2017)

3.2 m

Cash (31-Mar-2017)

3.1 m
GBPFY, 2012FY, 2013FY, 2014FY, 2016FY, 2017

Revenue

17.9 m23.5 m24.2 m34.6 m27.3 m

Cost of goods sold

13.3 m17.4 m17.5 m23.9 m18.7 m

Gross profit

4.6 m6.1 m6.7 m10.7 m8.6 m

Gross profit Margin, %

26%26%28%31%32%
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2016FY, 2017

Cash

322 k260.2 k109.7 k117.7 k855.5 k2.7 m4.1 m3.8 m3.2 m3.1 m

Accounts Receivable

178 k429 k1 m2.2 m3 m5.2 m3.8 m5 m7.1 m4.1 m

Inventories

42.5 k143.1 k79.8 k

Current Assets

542.4 k832.3 k1.2 m2.3 m4.5 m9.2 m9 m8.8 m13.5 m8.1 m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2016FY, 2017

Net Income

1.2 m1.2 m1.7 m2.3 m2.3 m

Cash From Operating Activities

1.2 m2.6 m2.9 m1.4 m5 m

Dividends Paid

140 k161.7 k1 m3 m

Cash From Financing Activities

(6.7 k)(119.6 k)(164.6 k)(150.4 k)7.2 m
GBPY, 2017

Revenue/Employee

389.7 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

4.3 x
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