Convergence Group

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.
Company Growth (employees)
Type
Private
HQ
Shirley, GB
Founded
2004
Size (employees)
82 (est)+4%
Convergence Group was founded in 2004 and is headquartered in Shirley, GB

Convergence Group Office Locations

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

Convergence Group Data and Metrics

Summary Metrics

Founding Date

2004

Convergence Group Financial Metrics

Convergence Group's revenue was reported to be £24.2 m in FY, 2014
Numbers are in £, GBP

Revenue (FY, 2014)

24.2 m

Gross profit (FY, 2014)

6.7 m

Gross profit margin (FY, 2014), %

28%

Net income (FY, 2014)

1.7 m

Cash (31-Dec-2014)

3.8 m
Numbers are in £, GBPFY, 2014

Revenue

24.2 m

Cost of goods sold

17.5 m

Gross profit

6.7 m

Gross profit Margin, %

28%

Operating expense total

4.6 m

Pre tax profit

2.1 m

Net Income

1.7 m
Numbers are in £, GBPFY, 2014

Cash

3.8 m

Accounts Receivable

5 m

Current Assets

8.8 m

PP&E

1.2 m

Total Assets

10 m

Accounts Payable

3.5 m

Current Liabilities

3.5 m

Retained Earnings

729.6 k

Total Equity

3.5 m

Financial Leverage

2.8 x
Numbers are in £, GBPFY, 2014

Cash From Operating Activities

1.4 m

Cash From Financing Activities

(150.4 k)

Income Taxes Paid

(366.2 k)
Y, 2014

Financial Leverage

2.8 x

Convergence Group Online and Social Media Presence

Convergence Group Company Life and Culture

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